A survey on business conditions of Japanese companies in Asia and Oceania released by the Japan External Trade Organisation (JETRO) in Hanoi showed optimistic signals that 63.9 % of Japanese enterprises in Vietnam are planning to expand their business in the coming years. In case of business relocation, Vietnam is the first choice of Japanese enterprises (accounting for 42.3% of enterprises).

Services and retail are forecast to attract a large amount of Japanese direct investment into Việt Nam this year.

Japanese investment in Vietnam is expected to grow this year, given Japan’s recent initiative to shift investment to Vietnam and other Mekong River nations, as well as free trade agreements (FTA), experts said.

Deputy Prime Minister Trinh Dinh Dung has recently issued the working regulations of the Steering Committee for Vietnam’s Industrialisation Strategy within the Vietnam – Japan cooperation framework until 2020 with a vision to 2030.

VietNamNet Bridge - Japanese investors are expected to become a leader in FDI (foreign direct investment) inflow into Vietnam once the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) takes effect.

Up to 70 percent of Japanese businesses have announced that they want to expand operations in Vietnam, especially in manufacturing, trade and service, and retail sector, according to the Japanese External Trade Organisation (JETRO).

Japanese companies highly evaluate Vietnam’s business climate and tend to boost investment in the manufacturing industry, heard a press conference held by the Japan External Trade Organisation (JETRO) Office in Ho Chi Minh City on March 4.

Prime Minister Nguyen Xuan Phuc has decided to strengthen the steering committee for Vietnam's industrialisation strategy within the framework of Vietnam-Japan cooperation.

Việt Nam always considers the Japanese business community a leading strategic partner in the process of restructuring its economy, as well as in improving the growth, quality and competitiveness of the country, said State President Trần Đại Quang at the Việt Nam Investment Promotion Conference in Tokyo on May 31.

The deals were signed at a 'historic' business conference attended by record number of Vietnamese and Japanese businesses.