Reaffirming Japan’s role as a strategic investor, a local official noted that Japan is currently the second-largest foreign investor in Ha Nam, with over 100 projects in diverse sectors such as mechanical engineering, automobile and motorcycle production, and electronics.
According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.
Over 56% of Japanese firms operating in Vietnam plan to expand within the next year or two, the highest rate among Southeast Asian countries, according to a survey.
The Japanese Government is committed to creating happier and better living conditions for Vietnamese workers to help them contribute more effectively to Japanese society and the economy, according to Japanese Ambassador to Vietnam Naoki Ito.
Ho Chi Minh City pledges to develop an equal and transparent business climate for foreign firms, including those from Japan, to aid in business development plans in the southern economic hub, Vice Chairman of the municipal People’s Committee Vo Van Hoan said on December 9.
Dong Nai province, an industrial hub in the southern region, has set up the Japan Desk at the headquarters of the Dong Nai Industrial Zones Authority to assist Japanese investors operating here.
Authorities of Ho Chi Minh City had a roundtable with Japanese businesses on December 14 to tackle difficulties facing the firms and share information about the southern economic hub’s investment cooperation demand.
The Minister of Industry and Trade has asked for coordination from the Japanese Ministry of Economy, Trade and Industry to create favourable conditions for and encourage more Japanese businesses to shift their investments and supply chains to Vietnam, especially in key and supporting industries.
Vietnam Social Security (VSS) on October 24 held a dialogue on social insurance and health insurance policies with 130 Japanese-invested enterprises operating in the north of Vietnam.
Ho Chi Minh City wants to enhance cooperation with Japanese businesses by optimising potential and advantages, thus benefiting both sides, Vice Chairman of the municipal People’s Committee Duong Anh Duc said on October 24.
The Vietnam - Japan relations are now in their prime and live up to the countries’ extensive strategic partnership, Vietnamese Ambassador to Japan Pham Quang Hieu said on the occasion of the 50th anniversary of the bilateral diplomatic ties (September 21, 1973 - 2023).
A conference was held in Tokyo on June 21 to strengthen partnership among Vietnamese and Japanese businesses, drawing representatives from more than 100 firms of both sides.
An investment promotion seminar was held in Tochigi prefecture of Japan on June 5 under the chair of Vietnamese Ambassador to Japan Pham Quang Hieu and Tochigi Deputy Governor Suenaga Hiroyuki.
The northern province of Vinh Phuc commits to accompanying and creating favourable conditions in accordance with Vietnamese law for Japanese businesses, investors and partners to implement cooperation and investment activities in the locality.
The proportion of Japanese enterprises that intend to expand their investment in Vietnam in the next one to two years is 60%, up 4.7 points from the previous year and the highest among Southeast Asian countries.
Ho Chi Minh City is an attractive investment destination for Japanese businesses thanks to its both development potential and mechanism to accompany and support investors, heard a seminar held by the Investment & Trade Promotion Centre of HCM City (ITPC) and the Japanese Business Association of Ho Chi Minh City (JCCH) on November 30.
Secretary of the Da Nang Party Committee Nguyen Van Quang had a meeting with Japanese Ambassador to Vietnam Yamada Takio on June 24 to discuss ways for fostering the central city’s relations with Japanese localities and attracting more Japanese investment.
Secretary of the Binh Duong Party Committee Nguyen Van Loi met with Japanese Ambassador to Vietnam Yamada Takio on March 17, pledging continued support for Japanese investors to reap more successes in the southern province.
The Mekong Delta province of Long An has shown interest in strengthening cooperation with businesses in Ibaraki to bring more local labourers to work in the Japanese prefecture.
The proportion of Japanese enterprises operating in Vietnam forecast to be profitable in business activities last year is 54.3 percent, up 4.7 points compared to 2020.
