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Japanese businesses have deployed a number of new business models in Vietnam in 2020 in an effort to shelter from the storm of COVID-19.
Many international manufacturers are expected to relocate their investments out of China after the epidemic ends. Vietnam is one of the destinations.
Executive Vice President of the Japan External Trade Organisation (JETRO) Hironobu Kitagawa, who was once JETRO’s Chief Representative in VN, speaks about the country’s efforts to improve its international trade policies.
Vietnam is a strong candidate among the alternative investment destinations as Japanese enterprises are moving away from China due to the COVID-19 pandemic, according to Hirai Shinji, the Chief Representative of of JETRO in Ho Chi Minh City
Production and revenue of Japanese enterprises in Vietnam are expected to fall at 70 percent in the second quarter of 2020, the results of the latest survey showed.
About 64 percent of Japanese enterprises plan to continue expansion of their business in Vietnam due to its favourable investment environment.
In the wake of an ageing population and the narrowing domestic market, Japanese businesses are expanding to the new fields of digital technology, healthcare, the Internet of Things, and services across the ASEAN, including in Vietnam.
The growth and openness of the economy have made Vietnam an attractive retail market for both domestic and foreign retailers.
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Trong số 1.800 doanh nghiệp thành viên của Phòng Thương mại và Công nghiệp Nhật Bản (JCCI) tại Việt Nam, có đến một nửa số doanh nghiệp hoạt động trong lĩnh vực công nghiệp hỗ trợ
Discharging water from the West Lake into the To Lich River swept away good micro-bacteria created by nano-bioreactor panels which were put into To Lich River two months ago, according to the Japan Environment and Trade Promotion Organisation.
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.
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