Japanese enterprises will continue to expand investment in Vietnam.
On September 19, in Ho Chi Minh City, Vietnam Real Estate Magazine coordinated with the Ho Chi Minh City Business Association to organize a seminar on Promoting investment from Japan, new opportunities for Vietnamese enterprises.
Japanese businesses seek investment opportunities in the real estate sector in Vietnam. Photo by Nguyen Hue
The workshop is an activity to connect activities related to trade and investment promotion in many fields such as infrastructure, industrial parks, high technology, real estate, etc. thereby expanding cooperation, promoting exchanges and sharing development experiences between Vietnamese and Japanese enterprises.
Over the past 10 years, Vietnam-Japan trade relations have increased fourfold. Japan is currently the largest foreign investor in Vietnam with a total registered capital of over 27 billion USD.
According to Mr. Yasuzumi Hirotaka, Executive Director of the Japan External Trade Organization (JETRO) in Ho Chi Minh City, Vietnam currently ranks second in the number of Japanese manufacturing companies in the ASEAN region after Thailand, in which businesses in the assembly and supporting industries are investing heavily in Vietnam.
Japanese investors in Vietnam operate in many fields, from those requiring cheap and abundant human resources in labor-intensive industries such as textiles or assembly in manufacturing to high-tech fields such as electronics, medicine, etc.
In the future, businesses are expected to expand their investment areas in Vietnam, focusing on Ho Chi Minh City and the four provinces of Dong Nai, Binh Duong, Long An, and Ba Ria-Vung Tau in the South.
In addition, in the future, Japanese enterprises will also have more opportunities to invest in surrounding areas such as the Mekong Delta, Binh Phuoc, and Lam Dong due to increasingly convenient transportation systems.
Commenting on the business investment environment in Vietnam, Mr. Yasuzumi Hirotaka said that Vietnam needs further improvement in the investment environment.
Specifically, Vietnam needs to build essential infrastructure such as transportation and electricity in a reasonable and quick manner. At the same time, implement a one-stop mechanism to answer questions about licensing procedures quickly, firmly, and clearly. In addition, Vietnam needs to overcome the low domestic usage rate, focusing on supporting small and medium enterprises.
In particular, tax problems are a major risk in business operations for Japanese enterprises in Vietnam. Therefore, Vietnam needs to resolve tax problems, in which guidance and application of the law must be consistent nationwide...
According to.haiquan.online-PH
