Japanese investment in Vietnam
Latest News about Japanese investment in Vietnam
About 15 out of 30 Japanese firms with overseas production bases say they want to expand and diversify their supply sources in Vietnam, according to a survey by the Japan External Trade Organization (JETRO).
Japanese retail giant Aeon is set to have 25 shopping malls across Vietnam by 2025, with a total investment worth US$2 billion, said Aeon Vietnam general director Iwamura Yasutsugu.
Vietnam and Japan have achieved many positive outcomes in agriculture cooperation, and the two sides will continue working together to build sustainable food value chains in the near future.
Many Japanese investors have had to carry out cumbersome legal procedures to invest in real estate projects in HCMC, resulting in delayed projects and substantial financial losses.
The first flagship store of Japan’s Matsumoto Kiyoshi cosmetics and drugstore chain is set to open in Vietnam late March.
Japanese retail giant AEAON Co. will double the value of products it procures from Vietnam from the current level to 500 million USD in 2020.
After five years of decline, Vietnam’s processing and manufacturing sector has begun to receive a substantial volume of investment capital from Japanese enterprises.
Japanese investment in Vietnam is expected to grow this year, given Japan’s recent initiative to shift investment to Vietnam and other Mekong River nations, as well as free trade agreements (FTA), experts said.