70 Japanese Firms Arrive to Seek Investment Opportunities

A mission comprising of 70 Japanese investors arrived in Vietnam yesterday in order to seek investment and business opportunities in the country, according to the Japan External Trade Organization (JETRO).

 

These Japanese firms are operating in the fields of finance and banking, mechanics, chemicals, electricity, electronics and others.

 

During their stay in Vietnam, the Japanese investors will have meetings with leaders of the Vietnamese Ministry of Planning & Investment to discuss investment cooperation between the two nations and visit some industrial parks in northern Vietnam and Haiphong Port in northern port city of Haiphong.

 

According to JETRO, this event has shown more and more interest of Japanese investors in Vietnam’s investment environment.

 

The mission will leave Vietnam on November 30.

 

Japan is now the third largest foreign investor in Vietnam after Taiwan and Singapore. Between January 1 and November 16 this year, Japanese investors were licensed to pour over $259 million into 77 projects in Vietnam.

 

Vietnam welcomed the first wave of Japanese investment in the early 1990s, which peaked in 1997 when the investment volume reached $660 million. The financial crisis in Asia dropped the volume down to $60 million in 1999. However, the flow has recovered, reaching $250 million last year. Investment