This information was heard by Hirotaka Yasuzumi, Managing Director of the Japan External Trade Organisation (JETRO) office in HCM City at the recent 2015 Vietnam-Japan trade and investment promotion forum in HCM City.
Recently, a delegation of 30 businesses from the Japan Business Federation (Keidanren) attended the 2015 Vietnam-Japan trade and investment promotion forum which was held in HCM City to explore the investment and business environment.
Participating at the forum, Senior Managing Director of Keidanren Mukuta Satochi said Vietnam is considered a gateway for Japan to enter the ASEAN market. Once the ASEAN Economic Community forms at the end of this year, Vietnam ’s role as a business venue in the global supply chain strategy will increase, he stated.
At the forum, according to Hirotaka Yasuzumi, Managing Director of the Japan External Trade Organisation (JETRO) office in HCM City a study by JETRO showed that Vietnam is chosen by most of Japanese enterprises operating in Thailand and China as a place to locate their manufacturing facilities within the Thailand-Plus-One and China-Plus-One strategies.
The Japanese business trend of shifting to a third country from China is increasing, mainly targeting ASEAN countries, especially Vietnam, he said.
Hirotaka added that the JETRO survey also reported that most enterprises have been restructuring their facilities abroad for two-three years while 595 out of the 3,471 firms involved in the survey plan to restructure in the next two-three years. About 780 projects are scheduled to change locations. Vietnam is considered to be the most attractive destination for Japanese businesses in the China-Plus-One strategy.
Through meeting with many Japanese companies, Hirotaka said abundant labour resources and low costs are among Vietnam’s attractive characteristics.
According to statistics from the Foreign Investment Agency under the Ministry of Planning and Investment, in the first seven months of this year, Japan was the fifth largest FDI investor in Vietnam with 176 new and 82 expanded projects with combined capital of 716 million USD.
Recently, a delegation of 30 businesses from the Japan Business Federation (Keidanren) attended the 2015 Vietnam-Japan trade and investment promotion forum which was held in HCM City to explore the investment and business environment.
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At the forum, according to Hirotaka Yasuzumi, Managing Director of the Japan External Trade Organisation (JETRO) office in HCM City a study by JETRO showed that Vietnam is chosen by most of Japanese enterprises operating in Thailand and China as a place to locate their manufacturing facilities within the Thailand-Plus-One and China-Plus-One strategies.
The Japanese business trend of shifting to a third country from China is increasing, mainly targeting ASEAN countries, especially Vietnam, he said.
Hirotaka added that the JETRO survey also reported that most enterprises have been restructuring their facilities abroad for two-three years while 595 out of the 3,471 firms involved in the survey plan to restructure in the next two-three years. About 780 projects are scheduled to change locations. Vietnam is considered to be the most attractive destination for Japanese businesses in the China-Plus-One strategy.
Through meeting with many Japanese companies, Hirotaka said abundant labour resources and low costs are among Vietnam’s attractive characteristics.
According to statistics from the Foreign Investment Agency under the Ministry of Planning and Investment, in the first seven months of this year, Japan was the fifth largest FDI investor in Vietnam with 176 new and 82 expanded projects with combined capital of 716 million USD.
