70% of Japanese enterprises to expand business in VN
Japanese enterprises are satisfied with Viet Nam’s investment environment, expecting that they are able to achieve higher growth rate as well as profit.
The Japan External Trade Organization (JETRO) on February 24 announced the information after surveying 435 Japanese enterprises operating in Viet Nam.
According to the JETRO, 60% of these enterprises made profit in 2013. Around 70% of them continue to expand their business in Viet Nam seeing the possibility of obtaining high growth rate and revenues.
Half of these Japanese businesses highly valued Viet Nam’s market scale, growth rate ability and socio-economic situations.
JETRO Chief Representative Atsusuke Kawada revealed more than 2,000 Japanese businesses are operating in Viet Nam, and the figure is likely to increase in the future with more focusing on small and medium projects.
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Better links with FDI firms to support Hanoi businesses
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years