Japanese firms mull over expansion plans in VN
Wednesday, January 31,2018AsemconnectVietnam - Viet Nam maintained its position as an important investment destination for Japanese companies, with some 70 per cent of operational Japanese-invested firms making plans for business expansion here.
This information was revealed by Hironobu Kitagawa, chief representative of Japanese External Trade Organisation (JETRO), in Ha Noi, at a meeting with the Ministry of Industry and Trade on January 29.
According to the latest survey conducted by JETRO on the operation of Japanese firms in Asia and Oceania, 65.1 per cent of Japanese businesses operating in Viet Nam reported profits, up 2.3 points over the 2016 survey.
Some 70 per cent of Japanese firms have mulled over expansion schemes in Viet Nam given the country’s market size, growth, stable political and social state of affairs, and cheap labour cost.
This was a high rate in comparison with other countries where JETRO conducted the annual survey, Kitagawa said. “Viet Nam continues to be an important investment destination for Japanese businesses.”
However, the head of JETRO in Ha Noi also pointed out the risks in the investment climate, concerns and obstacles that Japanese enterprises are facing during the investment process in Viet Nam.
The latest survey was conducted with nearly 12,000 Japanese enterprises in 20 countries and territories in Asia and Oceania from October 10 to November 10, 2017. In Viet Nam, 1,345 Japanese firms participated in the survey.
The full report will be made available next week.
According to Deputy Minister of Industry and Trade Do Thang Hai, the survey provides comprehensive and objective information to help the Vietnamese Government and ministries to make effective and practical policies.
Source: Bizhub.vn
In 2023, Refrigeration Electrical Engineering (REE) plans to increase profit slightly by 0.3% to VND 2,700 billion
PVOIL (OIL): Outstanding output growth in 2022
Sudico AGM (SJS): Growth target in 2023 from 10-15% of revenue
In 2023, Hoang Huy Investment Services (HHS) expects profit up and dividend of 8%
2023 Nam A Bank (NAB) Annual General Meeting of Shareholders: List shares and expand overseas branches
Mobile World (MWG) plans to increase its profit slightly to VND4,200 billion in 2023
Masan (MSN) continues to attract foreign capital up to VND15,000 billion
Century Synthetic Fiber Coporation (STK) successfully approached USD52.5 million in syndicated loans
Hoa Sen AGM for the year 2022-2023 (HSG): HSG will be profitable in March, April and May 2023
Fitch Ratings first international credit rating with GAS at “BB”
PVCoating (PVB) executes a pipe wrapping contract for Vietsovpetro
Hoang Anh Gia Lai (HAG) earns VND108 billion profit in February 2023
Nam A Bank (NAB) expects VND2,400 billion dong pre-tax profit, 25% dividend
475,000 tons of Hoa Phat steel (HPG) were consumed in February
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...