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More Japanese investors eye Vietnam

Nhan Dan, Viet Nam

More Japanese investors eye Vietnam

8 June 2007

Many of the over 170 Japanese businesses present at a June 7 workshop in Tokyo on the Vietnam investment climate have spoken of their possible projects in the Southeast Asian market.

Speaking at the forum, the Vice President of the Japan External Trade Organisation (JETRO), Washio, acknowledged Vietnam’s increasing role in the region and cited the market’s high economic growth rate and young, educated workforce.

“Vietnam is emerging as a reliable destination for Japanese investors and many Japanese businesses have been operating profitably in the market,” said the senior trade expert.

Vietnam’s Deputy Trade Minister Tran Duc Minh predicted a surge in trade and investment relations between the two countries after a series of major accords were signed recently by the two countries.

“The second phase of the Japan-Vietnam Joint Initiative, an agreement of co-operation on science and technology for 2006 and on-going negotiations on an Economic Partnership Agreement would lay a strong legal foundation and a momentum for further bilateral relations,” said Minh.

The workshop was organised by the Trade Mission of the Vietnamese Embassy in association with JETRO and the ASEAN-Japan Centre. (VNA)