Conference on Vietnam-Japan potential

Kondo Boboru, CEO of Brain Works Group, said with their increasing incomes Vietnamese consumers are looking for quality food products.

With their ICT expertise, Japanese firms can join hands with Vietnamese firms to create a food value chain from production to consumption, yielding products of high quality and ensuring traceability.

In addition, Vietnamese firms can cooperate with their Japanese counterparts to build brands for their products, he told the media on the sidelines of the 52nd Asia Business Conference.

Vietnam is in the top three countries in ASEAN in terms of investment opportunities, according to the CEO.

Besides, it is perceived by Japanese investors as a friendly destination.

Japan ranks among the top investors in Vietnam though the number of Japanese companies investing in the country is low compared to those from the Republic of Korea.

He has been doing business in Vietnam for 20 years and wants to promote tie-ups between the two countries’ businesses.

Organised by the Brain Works Group, the conference attracted nearly 150 Vietnamese and Japanese firms, including many Japanese firms in the fields of construction, ICT, real estate, agriculture, and food.

According to the Foreign Investment Agency, Japan was the third biggest investor out of 65 countries and territories investing in Vietnam in the first eight months of the year, with US$1.46 billion, or 10.1 percent of the total FDI.-