The Government of Japan will support over 40 Japanese investment projects in Vietnam to diversify supply chains post Covid-19. Compared to other regional countries, Vietnam has the largest number of chosen investment projects.
Japanese investors have poured billions of dollars to purchase stakes at Vietnamese businesses over the past decade.
Of 81 businesses receiving support from the Japanese government, 37 have decided to invest in Vietnam, while 19 have chosen Thailand.
The good relations between Japan and Vietnam are fueling Japanese capital flow into Vietnamese enterprises through portfolio investments.
Vietnam's impressive successes and growing position in the world are helping the country become an destination for Japanese and Korean investors.
Many Japanese groups are investing in Vietnamese enterprises instead of setting up their production and business facilities in Vietnam.
Japanese businesses have begun relocating factories to Vietnam, and it is expected that American and European businesses will also come soon.
Driven by new encouraging policies and motivations, more fresh opportunities will be coming for Japanese investors in Vietnam, expecting a new investment wave ahead.
Eleven Vietnamese officials involved in tax and post-customs clearance inspections at Tenma Vietnam have been suspended from work for being implicated in alleged bribery.
A recent initiative in Japan aimed to shift investment to Vietnam and other Mekong subregion nations will continuously contribute to increasing the Japanese inflow to the Southeast Asian country.