63 Japanese Firms Seeking Opportunities in Vietnam
A delegation of 88 businesspeople from 63 Japanese companies arrived in Vietnam on March 1 to seek investment opportunities in the Asean country.
The group consists of large, medium and small businesses operating in manufacturing, mechanical engineering, trade-services, consulting and IT, lead by KANKEIREN's president Hiroshi Shinozuma and JETRO's CEO Michinaka Nakatomi.
During the six-day stay, the guests will participate in the Vietnam-Japan Economic Forum in Hanoi March 3.
The guests will visit Hoa Lac Hi-tech Park and some industrial parks in Hanoi, HCM City and Dong Nai.
Separately, Japan Bank for International Cooperation (JBIC) has ranked Vietnam as the third in terms of medium development prospects for Japanese behind China and India but ahead of Russia, Thailand and Brazil.
Japanese firms are interested in electric equipment, electronics, automobile, mechanical manufacturing and chemicals industries, JBIC said after surveying 620 Japanese firms of wide range of sectors.
FDI by Japanese investors in Vietnam reached US$7 billion, ranking the sixth among countries and territories in Vietnam.
Currently, Japan is the third biggest trade partner and the second largest export market of Vietnam. Japan imports over US$12 billion of goods from Vietnam last year.
Bilateral trade between Japan and Vietnam is expected to hit US$15 billion this year, surpassing the target set for 2010. (Investment)
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