return icon Vietnamnet.vn

Japanese firms wish to scale up business in Vietnam

Tidy profits have motivated around 64 percent of Japanese firms in Vietnam to consider expanding their business in the Southeast Asian country, according to the Japan External Trade Organisation (JETRO).

Japanese firms wish to scale up business in Vietnam hinh anh 1

Tidy profits have motivated around 64 percent of Japanese firms in Vietnam to consider expanding their business in the country.

 

 

Last year, Japanese investors poured some 2.89 billion USD into 655 projects inVietnam, up 1.9 percent in the number of projects as compared to 2018.


Sixty-six percent of Japanese investors reported good profits from theirVietnam operation in 2019, JETRO said.

Nakajima Takeo, Chief Representative of JETRO’s Hanoi Office, said along withthe US-China trade war that has driven further investment into Vietnam, soundinvestment and business climate is behind the fact that more Japanese firms want to increase their presence in the country.

Vietnam has become a destination of Japanese businesses’ interest as theGovernment and local administrations have worked to remove bottlenecks for themin a timely manner, and it is proactively engaging in value chains of Japaneseenterprises, he added.

A total of 38.02billion USD of foreign direct investment (FDI) had been poured into Vietnam asof December 20, 2019, a 10-year high, according to the Foreign InvestmentAgency (FIA) under the Ministry of Planning and Investment.

The amount,representing a 7.2 percent increase on a yearly basis, included newlyregistered capital, additional capital to existing projects, and share purchaseby foreign investors.

The Republic of Korea and Japan remained the largest investors of the nation.

Hanoi absorbed the lion’s share of the FDI flow with 8.45 billion USD or 22.2percent of the total figure. It was followed by Ho Chi Minh City with 8.3billion USD.

The disbursementof FDI capital also reached a record of 20.38 billion USD./.VNA

MORE NEWS

Carbon market to help achieve net zero emissions

Greenhouse gas emissions in Vietnam increased rapidly over the past three decades in direct proportion to the economy’s growth.

VIETNAM NEWS HEADLINES SEPTEMBER 29

Buckwheat Flower Festival returns to Ha Giang in November

Vietnam welcomes 1.87 million foreign visitors in nine months

Vietnam welcomed about 1.87 million international arrivals in the first nine months of this year, 16.4 times higher than the same period last year but much lower than that in the same time in 2019 before COVID-19 broke out.

Close to 123,000 sea turtles released back to sea

The Con Dao National Park in the southern province of Ba Ria-Vung Tau released 122,867 baby turtles into the ocean between January and September.

Vietnamese, Danish friendship blossoms over the years

Many foreigners have enjoyed diverse landscapes, authentic local food, endless love, eternal friendship, and a favourable investment environment in Vietnam.

China imports less glutinous rice from Vietnam

The proportion of glutinous rice in total rice exports to China has fallen from 74 percent to 48 percent.

Vietnamese artists to appear in Norwegian play

Several talented local artists from the Vietnam Youth Theater have been invited to perform in 'Hedda Gabler', a classic play which is considered to be one of the outstanding works of Norwegian writer Henrik Ibsen.

Minor improvements seen in the transparency of provincial budgets

The average ranking of budget transparency for localities in 2021 was 69.53 points out of 100, a rise of just 0.44 points compared to 2020.

Pianist Nguyen Dang Quang returns home for concert of classical music

Piano player Nguyen Dang Quang, son of composer Quoc Trung and renowned artist Thanh Lam, is a fresh and promising presence at the event.

VN central bank acts to tighten the Vietnamese dong liquidity

A recent money market report of Saigon Securities Incorporation (SSI) showed the SBV last week net withdrew a total of VND34.6 trillion through the OMO channel.

Vietnam needs to improve human resources in digital age: World Bank

To reach the goal of becoming a high-income country by 2045, Vietnam needs to quickly improve the quality and quantity of its human resources.

Vietnam’s GDP rises by 13.67% in third quarter: statistics office

Vietnam’s gross domestic product (GDP) grew by 13.67% in the third quarter, according to the General Statistics Office (GSO).

Ministry of Culture demands strict supervision of beauty contests

Culture, Sports, and Tourism Minister Nguyen Van Hung has signed a directive strengthening state supervision of a variety of cultural and artistic activities, including beauty pageants and modelling contests.

VIETNAM BUSINESS NEWS SEPTEMBER 29

Vietnam to become “new Asian tiger”: Italian journal

Vietnam to become the worlds chip production center

In the first eight months of this year, phones and electronic components have the most prominent export turnover in our country, reaching nearly 40 billion USD.
back_to_top