Prime Minister's Pham Minh Chinh visit to Japan has been a timely assurance of the country's determination to be a solid investment destination.
Chief Representative of the Japan External Trade Organization (JETRO) in Hanoi Takeo Nakajima told The Hanoi Times his view on the Vietnam-Japan economic relations and what Vietnam should focus on to remain attractive in the eyes of foreign investors.
|Chief Representative of the Japan External Trade Organization (JETRO) in Hanoi Takeo Nakajima|
What is your view on the progress of economic and investment cooperation between Vietnam and Japan over the years? What is the role of Vietnam in the business/investment activities and supply chains of Japanese companies , and how would this trend evolve in the future amid the pandemic? Vietnam is reopening its economy, what are the expectations and recommendations from Japanese companies for Vietnam to remain a preferred destination for foreign firms in general and Japan in particular?
What are the highlights of Prime Minister Chinh’s visit to Japan and its impacts on the future bilateral economic cooperation? What is JETRO’s plan to further contribute to such cooperation?
Thank you for your time!
Foreign Direct Investment (FDI) commitments during the 11-month period rose by 0.1% year-on-year to US$26.46 billion, a positive result amid severe Covid-19 impacts.
Year to November 20, nearly 1,600 new projects have been approved with total registered capital of $14.1 billion, down 31.8% in the number of projects but up 3.76% in capital year-on-year, while foreign investors injected over $8 billion in existing projects, up 26.7%.
Investors have poured money into 18 fields and sectors, in which manufacturing and processing led the pack with investment capital of over $14 billion, accounting for 53% of total registered capital. Electricity production and distribution came second with $5.7 billion, or 21.6%, followed by real estate with $2.41 billion.
From the total of 94 countries and territories having projects in Vietnam in the January-November period, Singapore took the lead with $7.6 billion, or 28.7% of the total newly registered FDI projects and down 5.9%, followed by South Korea with $4.36 billion, or 16.5% and up 17.6%, and Japan with US$3.7 billion, or 14%, up 54%.
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Avoiding economic disruption key for Vietnam to stay competitive: JETRO have 444 words, post on hanoitimes.vn at December 2, 2021. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.