New Wave of Japanese Investment to Flow into Vietnam

Vietnam is forecast to receive a new flow of investment from Japanese investors in the coming time, especially in the areas of electrics and electronics, hi-end technology, cement and transport, according to economic experts.

 

According to the Japan External Trade Organization (JETRO), more than 75 per cent of Japanese manufacturers operating in Vietnam selected the country as the best production base for the next 5-10 years. The Southeast-Asian country stood the fourth on the lists of potential destinations, to which Japanese companies operating in foreign countries plan to shift their operation in the future.

 

Japanese big electronic names like Sanyo, Matsushita, Sony, Cannon, Nidec and Fujitsu have corded great successes in the country and most have or are in the process of expanding.

 

Nidec, world leading computer hardware producer, plans to pour US$1 billion into building high-tech industrial zone in Ho Chi Minh City.

 

JETRO and the Vietnam Chamber of Commerce and Industry (VCCI) August 15 joined hands to hold a conference for enterprises in southern Ba Ria-Vung Tau province to study Japan’s business environment.

 

By late May this year, Japanese companies had poured US$7.9 billion into 735 projects in Vietnam, becoming the third among countries and territories investing in the country.