Over 90 per cent of Japanese Producers Want to Raise Investment in Vietnam
Up to 92.6 per cent of Japanese manufacturers in Vietnam said they plan to raise investment in the country in the next two years, a survey the Japan External Trade Organization (JETRO) released on Vietnam Business Forum said on June 3.
The survey, which interviewed 1,745 Japanese firms operating in 11 countries and territories in Asia, also showed that 88 per cent of Japan’s non-production companies plan to expand operations in the Southeast-Asian markets.
JETRO said in the survey that Japanese producers in Vietnam are confident about their business prospect in 2008, hoping for growing export turnovers. Meanwhile, Japanese non-production enterprises expect higher revenues thanks to the country’s market expansion.
The organization also added that Vietnam is the best production base in Asia in the next five to ten years.
It, however, noted that Japanese firms’ satisfaction with investment environment in Vietnam kept falling to 41.7 per cent in 2007 from 75.4 per cent in 2006, which pushed the country to the fifth among six ASEAN countries having Japanese investors from the top position.
Vietnam’s underdeveloped infrastructure and difficulties in purchasing locally-made materials and spare parts are attributed to the drop in Japan investors’ satisfaction. (Vietnam & World Economy, Youth)
Vietnamese
