Japan’s growing appetite for restaurant and food sector
(VOV) - The restaurant and food industry in Vietnam is a delectable – hot and juicy spot for foreign investment and has been garnering the eye of large numbers of Japanese investors.
At a recent seminar in Tokyo, Japan External Trade Organisation (JETRO) called on increased investment in the restaurant and food industry in Vietnam as well as the Southeast Asian nations of the Philippines and Indonesia.
Four of the six Vietnamese participants at the seminar – Vingroup, Golden Gate, SATRA and Takahiro Food – gave speeches at the seminar introducing the nation’s strengths, cooperative prospects and investment environment to potential Japanese partners.
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They touted their advantages over other investment opportunities in the region for which they proclaimed the restaurant and food industry is the key for Japanese investors to penetrate the Vietnam retail market.
Shopping centres are springing up like mushrooms throughout the nation and provide investors in this sector exponential opportunity for growth and profits, they said.
JETRO representatives spoke glowingly of the highly qualified and skilled labour force in Vietnam and the potential for cooperation between Vietnamese and Japanese businesses.
Vingroup’s retail chains and Golden Gate’s chains of restaurants across the country like Kichikichi, SumoBBQ, Ba Con Cuu and Vuvuzela are prime examples of the success businesses are having in Vietnam, they said.
SATRA trumpeted its strength in food processing, services, import-export and investment development while Takahiro Food ballyhooed its achievements in restaurants and Japanese cuisines.