Updated  
September, 08 2012 10:05:08

VN goes all out for Japanese investors

HA NOI — Viet Nam will focus on implementing infrastructure upgrades, administrative reforms and human resources improvement to attract more Japanese investors, including those of Aichi Prefecture, said Do Nhat Hoang, head of the Foreign Investment Agency, at a business conference on Thursday.

Organised by the Ministry of Planning and Investment, the forum aimed to update investors from Aichi in particular and Japan in general to Viet Nam's current investment climate, as well as to find solutions to difficulties facing the Japanese business community.

According to Yugo Nagata from a law firm in HCM City, Japanese businesses prefer to penetrate the Vietnamese market via mergers and acquisitions (M&A), however, insufficient regulations and unsynchronised business policies are confusing Japanese firms and investors.

Japan currently is Viet Nam's largest source of foreign investment with 1,729 projects worth a total of US$28.2 billion. Aichi Prefecture accounts for 96 projects, mainly in the fields of production and support industries.

In the first eight months alone, Japanese businesses registered to invest $3.6 billion into 174 projects in Viet Nam, accounting for 20 per cent of all projects and 66 per cent of all foreign investment registered to the country. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

SEE ALSO

Hightlight

Tax code reforms to decipher dependents Tax code reforms to decipher dependents

People who are dependent on personal income tax payers will be given their own tax codes to avoid people lodging claims as dependents of more than one taxpayer.

Farmer-firm linkups remain elusive despite Gov't efforts Farmer-firm linkups remain elusive despite Gov't efforts

More than 10 years after the Government unveiled policies to encourage tie-ups between farmers and businesses, the proportion of farm produce sold through such contracts remains modest.

Buddha statues highlight heritage Buddha statues highlight heritage

An exhibition of Buddhist artefacts from the 11th to 20th century opened yesterday at the HCM City-based Xa Loi Pagoda.

Australian book to provide ‘limitless' inspiration Australian book to provide ‘limitless' inspiration

A book by Australian limbless victim Nick Vujicic was launched in Vietnamese yesterday.