New wave of investment from Japan is coming to Vietnam: Ambassador

The fact that more and more major Japanese corporations are eyeing Vietnam as an attractive investment destination could form a new wave of foreign direct investment (FDI) from Japan to Vietnam in the coming time, according to Japanese Ambassador to Vietnam Yamada Takio.

Japanese Ambassador to Vietnam Yamada Takio and Politburo member Tran Quoc Vuong. Photo: Vietnam News Agency.

Japan considers Vietnam one of the most favorable investment destinations in Asian, Takio stressed in a meeting with Executive Secretary of the Communist Party of Vietnam Central Committee’s Secretariat Tran Quoc Vuong on July 8.

According to Takio, Japan attaches significance to the Vietnam – Japan strategic partnership, as well as Vietnam’s role in the region and the global stage.

To further boost the bilateral relations, Politburo member Vuong requested Takio to contribute to the two countries’ cooperation, especially in investment, trade, economy and security.

As the Covid-19 pandemic goes on, Vuong hoped the Japanese government to continue providing support for the Vietnamese community in Japan.

Vuong wished the Japanese government and people to soon overcome the severe consequences left by torrential rains in the Kyushu region and other parts of the country.

Official data shows that out of 98 countries and territories investing in Vietnam in the first six months of 2020, Japan ranked fourth, ahead of South Korean which was in fifth place. Singapore took the lead with US$5.44 billion, or 34.7% of the total FDI to Vietnam. Thailand came second with US$1.58 billion, while the third place belonged to China with nearly US$1.58 billion.