Diversification

Vietnam is the top choice for Japanese companies looking to diversify their supply chains, the Japanese Ambassador to Vietnam has said.

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.

The move would make Samsung's global production more efficient, stated the company.

The escalating tension between the US and China is diverting Japanese investment to Southeast Asia, with Vietnam being one of the favorite destinations.

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.

The EVFTA is the EU’s “vote of confidence” of Vietnam's ongoing reform efforts, as well as the country’s strategic significance in the global stage, stated a EuroCham senior executive.

Vietnam and Japan would discuss the reopening of commercial flights between the two countries.

HSBC economists forecast GDP expansion of 3% in 2020 for Vietnam, the only ASEAN country they expect to have positive growth this year.

South Korean firms operating in Vietnam are the best example of the strong Vietnam – South Korea relations, according to the Vietnamese prime minister.

Around 90% of respondents taking part in a survey said they are affected by travel restrictions between Vietnam and Japan.