WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
New wave of investment from Japan is coming to Vietnam: Ambassador
Ngoc Thuy 13:44, 2020/07/09
Japan considers Vietnam one of the most favorable investment destinations in Asia, said Japanese Ambassador to Vietnam Yamada Takio.

The fact that more and more major Japanese corporations are eyeing Vietnam as an attractive investment destination could form a new wave of foreign direct investment (FDI) from Japan to Vietnam in the coming time, according to Japanese Ambassador to Vietnam Yamada Takio.

 Japanese Ambassador to Vietnam Yamada Takio and Politburo member Tran Quoc Vuong. Photo: Vietnam News Agency. 

Japan considers Vietnam one of the most favorable investment destinations in Asian, Takio stressed in a meeting with Executive Secretary of the Communist Party of Vietnam Central Committee’s Secretariat Tran Quoc Vuong on July 8.

According to Takio, Japan attaches significance to the Vietnam – Japan strategic partnership, as well as Vietnam’s role in the region and the global stage.

To further boost the bilateral relations, Politburo member Vuong requested Takio to contribute to the two countries’ cooperation, especially in investment, trade, economy and security.

As the Covid-19 pandemic goes on, Vuong hoped the Japanese government to continue providing support for the Vietnamese community in Japan.

Vuong wished the Japanese government and people to soon overcome the severe consequences left by torrential rains in the Kyushu region and other parts of the country.

Official data shows that out of 98 countries and territories investing in Vietnam in the first six months of 2020, Japan ranked fourth, ahead of South Korean which was in fifth place. Singapore took the lead with US$5.44 billion, or 34.7% of the total FDI to Vietnam. Thailand came second with US$1.58 billion, while the third place belonged to China with nearly US$1.58 billion.

RELATED NEWS
TAG: Vietnam Japan investment capital FDI Ambassador Yamada Takio Asia ASEAN politburo United States China South Korea comprehensive partnership
Other news
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
20:15, 2024/08/11
Growing number of FDI firms moving to Vietnam
Over the past 20 years, Vietnam has emerged as a significant manufacturing hub, deeply integrated into global supply chains.