Vietnam remains appealing destination for Japanese investors: survey
The proportion of Japanese enterprises that intend to expand business in Vietnam in the next one to two years is 60%, the highest among Southeast Asian countries. (Photo: baochinhphu.vn)
The proportion of Japanese enterprises that intend to expand their investment in Vietnam in the next one to two years is 60%, up 4.7 points from the previous year and the highest among Southeast Asian countries.
This figure is part of a survey on Japanese investment in Asia and Oceania 2022 by the Japan External Trade Organisation (JETRO) in Vietnam.
In a similar survey in China, the number of Japanese enterprises that have plans to expand their investment in China in the next one to two years is only 33.4%, the lowest level since the survey started in 2007.
In addition, the percentage of Japanese enterprises operating in Vietnam forecast to be profitable in 2022 is 59.5%, up 5.3 points compared to 2021.
According to JETRO, the main reason for the improving business profits in Vietnam, in both manufacturing and non-manufacturing sectors, is due to the country’s strong socio-economic recovery from the pandemic.
Many firms said business this year improved compared to last year largely due to a strong recovery after the pandemic, especially in the consumer goods manufacturing industry and the service industry.
However, some businesses said they faced difficulties in purchasing raw materials due to increased labour costs and logistics costs, according to the survey.
Regarding prospects in 2023, 53.6% of surveyed Japanese businesses answered “improved”, the highest in Asia and Oceania.
Meanwhile, 6.9% of surveyed Japanese businesses answered “worse” in terms of business profit prospects compared to 2022.
The survey was conducted in 20 countries and territories in Asia and Oceania and received responses from 603 Japanese enterprises operating in Vietnam./.
Related News

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month
16:30 | 15/02/2025 Import-Export

Vietnam, Korea Customs sign AEO MRA
11:07 | 26/12/2024 Customs

Prioritizing semiconductor workforce training
09:16 | 15/12/2024 Headlines

Vietnam-Cambodia: Looking back on journey of cooperation
14:45 | 11/12/2024 Customs
Latest News

Exchange rate risks need attention in near future
16:31 | 15/02/2025 Import-Export

Import and export turnover reaches about US$29 billion in the second half of January 2025
14:52 | 14/02/2025 Import-Export

Market edges up slightly as liquidity remains low
14:48 | 14/02/2025 Import-Export

Business regulations must be trimmed for development of enterprises: Experts
14:46 | 14/02/2025 Import-Export
More News

Vietnam's agricultural product exports shine in 2024
14:44 | 14/02/2025 Import-Export

Aiming for 16% credit growth and removing credit room allocation
09:17 | 14/02/2025 Import-Export

Malaysia initiates anti-dumping investigation on galvanised sheets from Việt Nam
09:45 | 13/02/2025 Import-Export

Coffee prices hit record highs, heightening speculation risks
09:29 | 13/02/2025 Import-Export

Exports witness a rise of US$1 billion in the first 15 days of 2025
07:49 | 12/02/2025 Import-Export

Central industrial hub sets ambitious growth target in 2025
14:26 | 11/02/2025 Import-Export

Demand for dragon fruit in Tiền Giang Province continues to increase
14:23 | 11/02/2025 Import-Export

Data centres are attracting investors in Asia
14:22 | 11/02/2025 Import-Export

US or China: Who will lead in Vietnamese Tra fish imports?
10:11 | 11/02/2025 Import-Export
Your care

Exchange rate risks need attention in near future
16:31 | 15/02/2025 Import-Export

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month
16:30 | 15/02/2025 Import-Export

Import and export turnover reaches about US$29 billion in the second half of January 2025
14:52 | 14/02/2025 Import-Export

Market edges up slightly as liquidity remains low
14:48 | 14/02/2025 Import-Export

Business regulations must be trimmed for development of enterprises: Experts
14:46 | 14/02/2025 Import-Export