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Update news Japanese investment in Viet Nam
About 15 out of 30 Japanese firms with overseas production bases say they want to expand and diversify their supply sources in Vietnam, according to a survey by the Japan External Trade Organization (JETRO).
The Japan International Cooperation Agency (JICA) is proud to be part of Vietnam’s socio-economic development progress, said Chief Representative of JICA in Vietnam Shimizu Akira in an interview with VNA.
While most enterprises have had to scale down their business during Covid-19 and give back their retail premises to landlords, Japanese retailers have continued to open more shops in Vietnam recently.
Japanese retail giant Aeon is set to have 25 shopping malls across Vietnam by 2025, with a total investment worth US$2 billion, said Aeon Vietnam general director Iwamura Yasutsugu.
Vietnam and Japan have achieved many positive outcomes in agriculture cooperation, and the two sides will continue working together to build sustainable food value chains in the near future.
Many Japanese investors have had to carry out cumbersome legal procedures to invest in real estate projects in HCMC, resulting in delayed projects and substantial financial losses.
The first flagship store of Japan’s Matsumoto Kiyoshi cosmetics and drugstore chain is set to open in Vietnam late March.
Japanese retail giant AEAON Co. will double the value of products it procures from Vietnam from the current level to 500 million USD in 2020.
After five years of decline, Vietnam’s processing and manufacturing sector has begun to receive a substantial volume of investment capital from Japanese enterprises.
Japanese investment in Vietnam is expected to grow this year, given Japan’s recent initiative to shift investment to Vietnam and other Mekong River nations, as well as free trade agreements (FTA), experts said.
Japanese investment in Viet Nam is expected to grow this year, given Japans recent initiative to shift investment to Viet Nam and other Mekong River nations, as well as free trade agreements (FTA), experts said.
Japan is keen to attract more foreign investment and many Vietnamese companies have decided to try their luck in the country.
Japanese investors are increasing their presence in Vietnam’s real estate sector by teaming up with domestic partners.
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