VN-most impressive progress among top 10 markets for Japanese firms
08:46 | 04/12/2019

VGP – Viet Nam made the most impressive progress among the top 10 markets for Japanese firms, according to a report survey by the Japan Bank for International Cooperation (JBIC). 

Accordingly, 36.4% of Japanese manufacturing companies operating overseas regard Viet Nam as a promising investment destination over the medium and long term, up 2.5 percentage points from 2018.

Japan has taken the lead in Foreign Direct Investment (FDI) capital flow in Viet Nam with the registered capital of nearly US$8 billion, making up 31%. This is the third successive year the number of new FDI projects from Japan increases and the fourth successive year the proportion of the Japanese firms expanding investment in Viet Nam rises. 

Up to now, Japan has poured US$57.9 billion in 4,190 projects in Viet Nam, ranking second among nations and territories investing in the nation. 

In the 10-year outlook, Viet Nam also ranked third, with 34.8%, after India and China.

The JBIC said that Japanese firms have high confidence in Viet Nam’s future growth, as well as due to its low-cost and high-quality labor force.

However, they also expressed concern over fierce competition among firms, as well as rising labor costs and difficulties in recruiting management personnel, stated the survey.

By Thuy Dung

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