Japanese investors eye Vietnamese market

July 12, 2011 | 08:49

(0) user say

Vietnam ’s monetary policies and infrastructure for foreign- invested enterprises were major topics of a seminar between Vietnamese businesses and their counterparts from Japan ’s Aichi province in Hanoi on July 11.

source: vna

The seminar, jointly held by the Foreign Investment Agency under the Ministry of Planning and Investment and the Aichi Support Desk, aimed to help the businesses exchange experience, seek trade partners and find solutions to difficulties in investment and business in Vietnam .

Do Nhat Hoang, Head of the Foreign Investment Agency, spoke highly of the quality of projects carried out by Japanese investors, including those from Aichi province.

He expressed hope that not only major corporations but also small and medium-sized enterprises, especially those operating in support industries, will come to Vietnam in the future.

Over 80 businesses from Aichi province, one of the largest economic and industrial centres in central Japan , have invested in Vietnam . Most enterprises have shown effective performance and several others have expanded their business across the country.

Tsujio Yoshifumi, an advisor with Japan International Cooperation Agency (JICA), said Japanese investors are desperately in need of the Vietnamese Government’s support to improve the road infrastructure system and address the shortage of labour.

The Aichi Support Desk was established in 2009 under a memorandum of understanding between the Vietnamese Ministry of Planning and Investment and Aichi’s provincial authorities. It is operating effectively in assisting the Aichi business community to obtain updated information about Vietnam ’s socio-economic situation and the country’s new policies regarding investment and business.

VIR/VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional