Vietnam Ready for New Investment Waves from Japan
The Japanese investment trends have been shifting more robustly than ever before towards Asia, especially towards Vietnam, said Mr. N.Hasegawa, the Editor-in-chief of the Nikkei business daily.
Mr. N.Hasegawa made the comment today in Ha Noi at a conference themed “Japan recovery scenario – foreign investment trends”, which was hosted by the Vietnamese Ministry of Planning and Investment.
According to a survey conducted by Nikkei, 130 Japanese leading corporations believed that the land of rising sun would witness economic recovery with big overseas investment. The trends would reinforce Japan’s investment waves towards Vietnam.
Playing an important role in Japan’s production and supply chain in Asia, Vietnam is expected to lure more investment in infrastructure and auxiliary industries, said Mr. Nguyen Xuan Thang, the President of the Vietnamese Academy of Social Sciences.
Deputy Minister of Industry and Trade Tran Tuan Anh acknowledged that Vietnam would have to provide skilled labor force and appropriate infrastructure, and cooperate with Japanese relevant agencies to attract more Japanese investors.
Mr. H.Yamaoka, Chief Representative of the Japan Trade Promotion Organization (JETRO) recommended that Vietnam should offer more incentives and preferential polices for enterprises operating in the auxiliary industries.
As of late July 2011, Japan engaged in 1,560 FDI projects in Vietnam with the total registered capital of US$21.6 billion.
VGP
Vietnamese
