Chief Representative of Jetro Hanoi Takeo Nakajima presented the figure as part of the Japan External Trade Organization (Jetro)'s survey on Japanese investment in Asia and Oceania 2019 to Deputy Minister of Industry and Trade Do Thang Hai at their meeting in Hanoi on February 6.

The Japanese enterprises will continue to expand their businesses in Vietnam based on revenue growth, development ability, stable production and consumption network, low cost, labor resources, regulations and business procedures.

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Chief Representative of Jetro Hanoi Takeo Nakajima.

Takeo Nakajima was quoted by the Cong thuong (Industry and Trade) newspaper as saying: “The investment environment in Vietnam has many advantages for Japanese businesses, such as political and social stability, ideal living environment for foreigners and cheap labor costs."

According to this survey, 65.8 percent of Japanese enterprises doing business in Vietnam have been profitable, especially the manufacturing sector, which accounts for 80 percent of profitable firms.

The number of newly established Japanese businesses has also increased in Vietnam.

Source: VNA