Japanese firms desire to expand investment in Vietnam

Japanese enterprises expressed their desire to expand investment in Vietnam, particularly in the fields of industry, high-tech healthcare, digital platform construction and AI, during a meeting between  Deputy Prime Minister Nguyen Chi Dung and a delegation from Japan’s International Friendship Exchange Council (FEC) in Hanoi on March 10.

FEC is a non-governmental, non-profit organization currently having over 1,000 members, including executives from numerous companies investing and doing business in Vietnam.

Mr. Onoi Yoshiki, Chairman of FEC, said Vietnam is one of attractive destinations for Japanese enterprises.

Japanese firms hoped to have more cooperation opportunities to contribute to promoting the economic cooperation between the two countries, he said.

Recognizing the crucial role of foreign investment in Vietnam’s economy, Deputy PM Dung called on Japanese firms to promote their investments, particularly in high-tech and deep processing industries, digital transformation, innovation, and new energy. 

Japan is currently the third largest investor in Vietnam. In the first two months of the year, Japanese businesses invested $732.64 million in 45 new projects in Vietnam, bringing the total registered investment capital by Japanese firms to $78.36 billion so far.