Vietnam - an ideal option for Japan’s new supply chains: JICA
Amid the Covid-19 causing global economic recession, Vietnam stands ready to receive a shift of investment capital from Japanese investors, Prime Minister Nguyen Xuan Phuc has said.
Amid the Covid-19 causing global economic recession, Vietnam stands ready to receive a shift of investment capital from Japanese investors, Prime Minister Nguyen Xuan Phuc has said.
Hanoi is taking a number of financial and trade measures to support the business community catching new opportunities for growth.
Vietnam is a prime candidate for the ongoing shift of value chains in Asia, said a senior executive of the French Business Confederation (MEDEF) International.
In addition to current incentives, Vietnam also offers tailor-made ones for hi-tech projects that help local firms further integrate into global value chains, said a senior government official.
A low-cost labor force, stable political environment and one of the world’s fastest growing economies have been appealing features making Vietnam an attractive investment destination.
With a growing number of multinationals looking to set a foothold in Vietnam, the country is having a great opportunity from a new wave of foreign investment, according to the trade ministry.
In 2020, Hanoi targets to attract over US$5 billion in FDI, while investment promotion activities would focus on new markets, particularly member countries of the CPTPP and the EVFTA.
The main objective of the task force is to approach potential investors looking for new destinations and support those that are having difficulties during their operations in Vietnam.
AEONMall is pushing forward for the construction of the third shopping mall in Hanoi.