The Vietnam - Japan cooperation relationship, especially in the economic field has achieved many active and effective results in the recent years.
Japan is now one of the leading economic partners of Vietnam. The favourable business environment in Vietnam has attracted more Japanese enterprises, especially the investments from small and medium enterprises (SME).
Vietnam enterprise has become an important global investor as more domestic companies look for business opportunities abroad, said speakers from the Ministry of Planning and Investment at the conference.
Vietnamese businesses have invested 7 million USD in approximately 40 projects in Japan, as heard at a conference.
According to Do Nhat Hoang, head of the Foreign Investment Agency, Japan is ranked 45th out of 68 countries and territories in which Vietnamese investors run their business.
Most of the Vietnamese investment has been channeled into IT projects in Japan catering to high local demand, Hoang said, adding that the sector brings in healthy added value while enabling Vietnamese firms and engineers to learn from Japanese advanced technologies.
Head of the Foreign Investment Agency Do Nhat Hoang stated his agency is committed to optimising administrative procedures to encourage Vietnamese businesses to invest overseas.
Particularly, the the Ministry of Planning and Investment is committed to cooperate with the JETRO to promote collaboration between domestic and Japanese companies, Hoang added.
Speaking at the event, Vice Chairman of the Japan External Trade Organisation (JETRO) Shigeki Maeda also endorsed Vietnamese investment in the IT sector in Japan.
The Vice Chairman said Japan is implementing a programme on training 10,000 Asian IT engineers, which is a good opportunity for Vietnamese enterprises and engineers.
The Japanese Government is reforming the local business climate in a bid to assist foreign investors, he noted.
In 2003, the Vietnam Business Association in Japan was established to support Vietnamese companies wanting to invest in the market.
Vietnamese firms have so far invested about nine billion USD in more than 1,000 overseas projects.
Shigeki Maeda said that Japanese tourism sector has been invested strongly, being one of the attractive destinations for Vietnamese tourists.
In 2015, Vietnamese visitors to Japan increased by 1.5% compared to the same period in 2014, and Japanese arrivals to Vietnam reached 670,000 people as well. The amount of Vietnamese students in Japan also has increased 10 times over the past 5 years, higher than the Chinese students.
According to Shigeki Maeda Japan is expected to welcome 40 million foreign visitors by 2020. This is a good opportunity for Vietnamese enterprises to promote cooperation and investment in the Japanese market, especially in tourism and IT sectors.
Japan is now one of the leading economic partners of Vietnam. The favourable business environment in Vietnam has attracted more Japanese enterprises, especially the investments from small and medium enterprises (SME).
At the conference.
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Vietnamese businesses have invested 7 million USD in approximately 40 projects in Japan, as heard at a conference.
According to Do Nhat Hoang, head of the Foreign Investment Agency, Japan is ranked 45th out of 68 countries and territories in which Vietnamese investors run their business.
Most of the Vietnamese investment has been channeled into IT projects in Japan catering to high local demand, Hoang said, adding that the sector brings in healthy added value while enabling Vietnamese firms and engineers to learn from Japanese advanced technologies.
Head of the Foreign Investment Agency Do Nhat Hoang stated his agency is committed to optimising administrative procedures to encourage Vietnamese businesses to invest overseas.
Particularly, the the Ministry of Planning and Investment is committed to cooperate with the JETRO to promote collaboration between domestic and Japanese companies, Hoang added.
Speaking at the event, Vice Chairman of the Japan External Trade Organisation (JETRO) Shigeki Maeda also endorsed Vietnamese investment in the IT sector in Japan.
Photo for illustration
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The Vice Chairman said Japan is implementing a programme on training 10,000 Asian IT engineers, which is a good opportunity for Vietnamese enterprises and engineers.
The Japanese Government is reforming the local business climate in a bid to assist foreign investors, he noted.
In 2003, the Vietnam Business Association in Japan was established to support Vietnamese companies wanting to invest in the market.
Vietnamese firms have so far invested about nine billion USD in more than 1,000 overseas projects.
Shigeki Maeda said that Japanese tourism sector has been invested strongly, being one of the attractive destinations for Vietnamese tourists.
In 2015, Vietnamese visitors to Japan increased by 1.5% compared to the same period in 2014, and Japanese arrivals to Vietnam reached 670,000 people as well. The amount of Vietnamese students in Japan also has increased 10 times over the past 5 years, higher than the Chinese students.
According to Shigeki Maeda Japan is expected to welcome 40 million foreign visitors by 2020. This is a good opportunity for Vietnamese enterprises to promote cooperation and investment in the Japanese market, especially in tourism and IT sectors.
