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Vietnam remains attractive to Japanese investors

GBS - Nearly two-thirds of Japanese firms operating in Vietnam plan to expand operations in the Southeast Asian country over the next two years.

The figure was released in a report by the Japan External Trade Organisation (JETRO) after it conducted a survey on 4,000 Japanese companies operating in Asia-Pacific, including 250 in Vietnam .

The figure is much higher than that in the Asia-Pacific region, which demonstrates Japanese confidence in Vietnam ’s investment climate, said Deputy Director of the Trade Promotion Department under the Ministry of Industry and Trade Ta Hoang Linh.

Statistics from the Foreign Investment Department of the Ministry of Planning and Investment indicated that Japan has so far poured money into over 2,100 projects worth more than 34.5 billion USD in Vietnam .

Two-way trade is expected to hit 29 billion USD by the end of this year, heard participants at a conference held on December 3 in Hanoi by the Joint Stock Commercial Bank for Investment and Development of Vietnam and the Shinkin Central Bank of Japan.

-VNA


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