The bank is focusing on technology transfer projects and encouraging Japanese small and medium-sized enterprises to set footholds and expand in Vietnam.
Japan is replacing South Korea to become the most active investor in Danang real estate market.
Last week, the number of automobiles imported to Vietnam reached 3,065 units, nearly 60 per cent higher than the previous week.
As of August 20, 2018, FDI projects disbursed $11.25 billion, up 9.2 per cent over the same period last year, according to a report just released by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).
Japan topped 96 countries and territories having investment projects in Vietnam, followed by South Korea and Singapore, according to report by Foreign Investment Agency
AEON Mall Hai Phong - Le Chan scheduled to open in 2020 will be the sixth commercial mall of the biggest Japanese retail corporation in Vietnam, the third largest in the North, and the first large scale commercial center in Hai Phong city.
According to Takimoto Koji, chief representative of JETRO HCMC Branch, Japanese businesses have exposed their problems about labor cost, incomplete legal system, unclear law enforcement, complex taxation and undeveloped supply of raw materials to the Vietnamese government and are still awaiting responses.
According to Hiroyuki Ono from ACA Investments, a Japanese fund manager under the Sumitomo Group, Vietnam market is more attractive to Japanese enterprises than Thailand and Indonesia.
'Startups in Vietnam and Japan share many similarities and attractions.'
According to the Ministry of Planning and Investment of Vietnam, foreign direct investment (FDI) disbursement in 2017 is estimated at US$17.5 billion, a 10.8 per cent year-on-year increase.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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