Viet Nam expects new wave of investment from Japan

15:44 | 21/08/2014

VGP – Fourteen Japanese banks are seeking investment opportunities in the automobile manufacturing, environment, and water treatment in Viet Nam.

Illustration photo

Currently, there is a wave of investment from Japanese small- and medium-sized enterprises to Viet Nam, said President of the Viet Nam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.

Japan has invested in 18 out of 21 industries in Viet Nam with the processing and manufacturing sector ranking first with 1,213 projects.

In 2013, Viet Nam enjoyed a trade surplus of US$2 billion with Japan as its export and import turnover with the country reached US$13.65 billion and US$11.61 billion, respectively.

Viet Nam earned US$8.5 billion from exporting to Japan over the past seven months of the year.  Aquatic products, coffee, woodworks and garment witnessed an export turnover of more than US$100 million each.

According to a survey conducted by the Japan External Trade Organization (JETRO), 60% of the Japanese businesses in Viet Nam responded made profit in 2013.

Especially, 70% of these enterprises will continue to expand their operation seeing potential of achieving high growth rate and revenues.

In the future, Japanese businesses will try to increase investment in Viet Nam to US$10 billion.

By Thuy Dung