JETRO Executive Vice President: Japanese investors’ trust for Viet Nam increases
VGP - Shigetoshi Aoyama, Executive Vice President of the Japan External Trade Organization (JETRO) asserted that Japanese investors’ trust for Viet Nam has increased regardless negative impacts of the COVID-19 pandemic.
Executive Vice President of the Japan External Trade Organization (JETRO) Shigetoshi Aoyama attends the Viet Nam-Japan Trade and Investment Forum, Tokyo, Japan, August 24, 2022 - Photo: VNA
Addressing at the Viet Nam-Japan Trade and Investment Forum, which took place in Tokyo, Japan on August 24, Shigetoshi Aoyama said that JETRO has received more requests regarding to trade and business expansion in Viet Nam after Viet Nam fully lifted COVID-19 entry restrictions since March this year.
A JETRO survey showed that around 55 percent of Japanese enterprises operating in Viet Nam have planned to expand their operations in the country within the next one or two years, the highest rate recorded among ASEAN nations, he noted.
According to Aoyama, in 2021, the bilateral trade value reached nearly US$43 billion, doubling the figure made 10 years ago while Japan's foreign direct investment (FDI) into Viet Nam fetched to US$3.65 billion, three times higher than the previous year.
Speaking at the forum, Minister of Industry and Trade Nguyen Hong Dien called on Japanese enterprises to pour more investment in Viet Nam, committing to advocating and facilitating foreign and domestic investors, including ones from Japan to promote production in the country.
Viet Nam-Japan Trade and Investment Forum was held by the Vietnamese Ministry of Industry and Trade in collaboration with the Vietnamese Embassy in Japan, JETRO and ASEAN-Japan Center.
The event attracted the participation of more than 100 delegates from the two nations' associations and businesses, particularly ones operating in fields of energy, technology, logistics and real estate.
Viet Nam's total export turnover to Japan reached US$11.38 billion in the first six months of 2022, up nearly 13 percent over the same period last year, announced the General Department of Customs.
Meanwhile, imports from Japan in the period reached US$12 billion, up 10.6 percent year on year.
The scale of two-way trade between Viet Nam and Japan is only after its trade with China, the U.S. and the Republic of Korea (RoK).
In addition, Japan has poured a total investment capital of up to US$64.5 billion into 4,935 projects in Viet Nam.
