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Update news Japan's investment
Mitsui of Japan is set to invest roughly JPY84 billion, equal to US$560 million, to develop a gas field in southern Vietnam under a project led by the Vietnam Oil and Gas Group (PetroVietnam), Nikkei Asia has quoted the Japanese trading house.
A recent survey conducted by the Japan External Trade Organization (JETRO) showed that Vietnam continues to be a highly attractive market for Japanese businesses.
About half of Japanese companies operating in Vietnam expected improvements in profits in 2024, a survey conducted by the Japan External Trade Organisation (JETRO) found.
Fourteen Japanese businesses have registered to invest US$732 million in northern Hung Yen Province's industrial parks.
A survey recently conducted by JETRO highlights that 100% of Japanese retailers operating in Vietnam expect their profits to increase over the course of the year, whilst 60% plan to expand their businesses over the coming one or two years.
Sojitz CEO Fujimoto Masayoshi said on May 19 at a meeting with Vietnamese Prime Minister Pham Minh Chinh that many large Japanese corporations want to expand or relocate production to Vietnam.
Japanese manufacturers and retailers have continuously unveiled plans to expand their investment in VN, while FDI inflows from the coutnry to Vietnam during the first two months of 2023 reached nearly US$146 million.
The Vietnam-Japan Economic Forum 2023 will be held in Hanoi on February 15 by the Vietnam Chamber of Commerce and Industry (VCCI).
Sixty percent of Japanese investors in Asia-Pacific polled in a 2022 survey by the Japan External Trade Organization (JETRO) said they plan to expand operations in Vietnam within the next two years.
A leader of southern province of Binh Duong has hailed the effective investment of Tokyu corporation of Japan in urban development in the province and suggested the corporation also invest in transport infrastructure.
The proportion of Japanese enterprises that intend to expand their investment in Vietnam in the next one to two years is 60%, up 4.7 points from the previous year and the highest among Southeast Asian countries.
JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1% stake at Vietnam’s Gia Lai Electricity JSC (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts.