Japanese businesses eye Vietnamese market

Japan’s Aichi Perfecture businesses are keen to invest in Vietnam as they have been impressed by its stable economic growth and young population.

The statement was made by Hideaki Ohmura, chief of Aichi Perfecture while leading a delegation of Aichi leaders and 50 businesses to visit Vietnam from April 16-20.

He said that the number of Aichi businesses and representative offices in Vietnam has grown from 18 and 21 to 60 and 74, respectively. Vietnam now ranks third place only after China and Thailand in attracting Aichi investors, with trade turnover rising from 99.2 billion JPY in 2005 to 191.5 billion JPY in 2010, he added.

In 2008, Aichi Perfecture signed a cooperation agreement on investment promotion with the Ministry of Planning and Investment and in 2009 set up its Support Desk to support Japanese businesses investing in Vietnam.

Mr Ohmura expressed his wish to cooperate more closely with Vietnam in training human resources, improving healthcare services and increasing direct flights between Aichi and Vietnam.

Deputy Minister of Planning and Investment Dang Huy Dong told the guest at a reception in Hanoi on April 16 that in 2012 and following years, Vietnam will give priority to environmentally friendly projects using modern technologies, land, minerals and other natural resources effectively to develop support industry, agriculture, services, information technology, education and training and infrastructure.