Japan seeks business opportunities in Vietnam

Vietnamese and Japanese businesses compared market experiences and began preliminary partnership discussions in information and technology, food, mechanics, ceramics, construction, and education.

Vietnam Chamber of Commerce and Industry HCM City Branch Director Vo Tan Thanh noted developments in bilateral trade ties during recent years and Japan’s importance to Vietnam as an economic partner.

Japan is Vietnam’s leading foreign investor, with 2,029 projects capitalised at US$33 billion as of August 2013. Its projects are widely renowned for their quality and efficiency.

Apart from major conglomerates, Japan’s small and medium-sized enterprises have also entered the Vietnamese market through investment and trade promotion activities.

Junior Chamber International Japan Representative Hidekazu Komaki said the Kyushu region contributes 10 percent of Japan’s economy and is targeting growing its proportion to 15 percent. Kyushu’s regional authorities are speeding up investment expansion in construction, tourism manufacturing, electronics, and automobiles.