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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.

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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.

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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.

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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).

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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.

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

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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.

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

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According to the latest statistics from the General Department of Vietnam Customs, until the end of April 2017, the total import and export turnover between Vietnam and Japan reached about $US 10,124 billion. The turnover of Vietnam approximately reached $US 5,062 billion, and Japan was $ US 100 thousand higher.

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