Vietnam Ranks Fifth in Investment Situations: Japanese Investors

The Japan External Trade Organization (Jetro)’s survey in investment situations of Japanese enterprises showed that Vietnam ranked fifth in attracting Japanese enterprises.

 

In particular, as regards the future medium and long-termed investment attraction capacity, Vietnam is one of the two best in ASEAN region, the other being Thailand. In six key industrial sectors, Thailand and Vietnam are highly valued in four sectors of electric-electronic component production, electric-electronic equipment production, transportation machinery production and plastics production. Vietnam leads Thailand in the two first sectors.

 

This survey was conducted in six ASEAN nations of Thailand, Indonesia, Malaysia, the Philippines, Singapore and Vietnam. The Vietnamese investment environment is hailed for its socio-economic stability and low production costs. The foundation for the development of the Vietnam-Japan trade and investment relationship is being strengthened. The Vietnam-Japan Joint Initiative has concluded the first phase and is considered a success and an example in cooperation for improving the investment environment.

 

At present, Vietnam and Japan are actively conducting feasibility studies to initiate official free trade negotiations by the end of this year, heading for a free trade agreement (FTA).

 

Recently, the Ministry of Planning and Investment has arrived in Japan to advertise investment opportunities in Vietnam for Japanese investors. The Conference “Vietnam Investment 2006” was also organised in Japan to call for investment capital into Vietnam.

 

At this conference, Vietnam called investment into energy, material processing, hi-tech, material production, manufacturing, farm produce processing, service and tourism infrastructure. Japanese investors are very keen on these industries.