There is a new wave of investment of Japan’s small and medium-sized enterprise (SMEs) to Viet Nam, said Dr. Vu Tien Loc, President of Viet Nam Chamber of Commerce and Industry (VCCI).

Japan has invested in 18 out of 21 economic sectors in Viet Nam, especially in the field of the manufacturing industry with 1.231 projects

Last year, Viet Nam’s exports to Japan fetched US$13.65 billion and its imports were US$11.61 billion.
In the first seven months of the year, Viet Nam exported goods worth US$8.5 billion to Japan including commodities surpassing the turnover of US$100 million such as seafood, coffee, wooden products and garment and textiles.

VCCI has quoted the Japan External Trade Organization (JETRO) survey as saying that 60% of Japanese enterprises in Viet Nam were profitable last year.

Especially, up to 70% of Japanese businesses continued to expand business in the country thanks to high growth and revenue. Some surveyed businesses highlighted scale of market, growth capability, political stability and low-cost labour force.

Loc emphasized that Japanese businesses are estimated to have invested some US$10 billion in Viet Nam in the future.

At present, 14 Japanese banks are seeking investment opportunities in the field of automobile, environment and waste water treatment.

Representatives from 14 Japanese banks said that despite challenges, the trend of investment in Viet Nam will continue to increase in the coming time.

(Source: VOV)