Japanese company confident in Vietnam business climate

(VOV) -More and more Japanese businesses are flocking to Vietnam, said Japan’s Foval Corporation Chairman and CEO Hideo Okubo, who is also Chairman of the Supporting Committee for Globalisation of Japanese small and medium enterprises (SMEs).

Japanese investors have confidence in the country and consider Vietnam their most attractive destination. However, a few Japanese businesses raised concern over the recent disturbances in some Vietnamese industrial zones, Okubo said.

japanese company confident in vietnam business climate hinh 0

Most Japanese firms understand Vietnam’s stance on the East Sea issue and show their sympathy with the country, he added. Okubo highly valued the Vietnamese government’s effective solutions for dealing with the chaos, supporting affected foreign businesses and ensuring social order and security.

The Foval Corp CEO predicted that the number of Japanese investors to Vietnam will continue rising. They will either directly invest in overseas markets or pour money in the form of authorised production, he said.

Okubo also highlighted the role of the Vietnam Chamber of Commerce and Industry (VCCI) and the Japan Chamber of Commerce and Industry (JCCI) in creating a close link among businesses from both countries.