Feb 08, 2017 / 11:42

JETRO: Japanese businesses interested in Vietnam's market

The Hanoitimes - Prime Minister Nguyen Xuan Phuc has lauded the Japan External Trade Organisation’s (JETRO) coordination with Vietnamese agencies to prepare for a programme to call for Japanese investment in Vietnam in the first half of 2017.

At the yesterdays's meeting with JETRO Chief Representative in Vietnam Atsusuke Kawada in Hanoi, the PM stressed that the programme aims to introduce Vietnam’s image, socio-economic development, investment environment as well as cooperation potential and opportunities to Japanese firms, especially small- and medium-sized enterprises (SME).

He held that Japanese SMEs’ creativity and high technology is needed for Vietnam’s startups. He expressed his hope that the two sides will work hard to make Japan the largest investor in Vietnam, thus contributing to socio-economic development of Vietnam.
Prime Minister Nguyen Xuan Phuc hosted reception for JETRO Chief Representative in Vietnam Atsusuke Kawada
Prime Minister Nguyen Xuan Phuc hosted reception for JETRO Chief Representative in Vietnam Atsusuke Kawada
He asked Vietnamese agencies to coordinate closely with JETRO to popularise partnership, investment and trade opportunities in Vietnam among the Japanese business community. The Government leader noted that Vietnam is to welcome Japanese Emperor and Queen, asserting that the visit is a good signal in the bilateral relations.

For his part, Atsusuke Kawada said that although Japan ranks second among foreign investors in Vietnam, it run 549 projects in the Southeast Asian country in 2016, the largest number compared to that of other foreign investors.

This shows Japan’s interest in the Vietnamese market, he said, adding that JETRO has been also regularly asked for consultations by Japanese firms on investment in Vietnam. Japanese enterprises are likely to pour large investments into environmental projects in Vietnam in the near future to fully tap its potentials, said a representative of JETRO. 

At the same time, the Japanese Government has supported domestic firms planning to invest in Vietnam through ODA-related and public-private partnership support policies, Takimoto said, adding that Japan has also given flexible policies to private companies in terms of capital access. 

Japanese retailers have devised a detailed plan, with active support from their Government, to tap the huge potential of the Vietnamese market. Japanese enterprises have performed market research and then taken moves to attract more local consumers to their products.

JETRO is an independent government agency first established in February 1952 to promote Japanese exports. JETRO maintains seventy-three offices in fifty-five countries, as well as thirty-six regional offices in Japan, with a total staff of approximately 1,500.

JETRO Hanoi is specifically responsible for promoting Japanese foreign trade and foreign investment activities in Hanoi; supporting external economic activities of small and medium sized businesses; and collecting, processing and researching information about the local economy.