Viet Nam News HÀ NỘI - More than 60 per cent of Japanese firms operating in Việt Nam have intentions to expand their business here to cash in on the improved investment climate, a survey by Japan External Trade Organisation (JETRO) has revealed. JETRO's survey of the 2016 business conditions of Japanese companies in Asia and Oceania published yesterday in Hà Nội was carried out from October to November 2016, and it received responses from over 4,600 companies. In Việt Nam, it received valid responses from 639 firms. The survey found that the major cited reasons for business expansion were sales increase and high growth potential. The operating profits of Japanese firms in Việt Nam were also found to have improved. More than 62 per cent of respondents expected operating profits at least 4 percentage points higher than 2015 survey. This ratio was higher than Thailand and Indonesia but lower than the Philippines and China. The raw materials and parts procurement rate increased to … [Read more...] about Japanese firms plan VN expansion: report – Economy – Vietnam News Politics, Business, Economy, Society, Life, Sports
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Japanese firms pick Vietnam for expansion, relocation projects
Quoc Hung Hirotaka Yasuzumi, managing director of the HCMC office of JETRO, cited a recent survey of JETRO as saying at the conference on Vietnam-Japan investment and trade promotion that most Japanese enterprises surveyed wanted to set up shop in Vietnam as part of their Thailand plus one strategy. Initially, Japanese firms in Thailand selected Cambodia and Laos as the next destinations for their expansion and relocation plans but more have chosen Vietnam, Yasuzumi said. Similarly, Japanese enterprises in China have adopted their China plus one strategy and among Southeast Asian countries Vietnam is their choice. JETRO’s survey showed Japanese companies started to restructure their local and foreign production facilities a couple of years ago. Around 595 out of over 3,470 firms surveyed said they have plans to restructure production in the next two or three years and move a total of around 780 projects. Around 52.2% of the total are planning to shift to ASEAN … [Read more...] about Japanese firms pick Vietnam for expansion, relocation projects
BUSINESS IN BRIEF 9/9
HCM City promotes trade, investment in key areas The southern metropolis Ho Chi Minh City is becoming an attractive destination for many countries worldwide in term of investment, trade, tourism and cultural exchange, heard at a trade promotion conference in the locality on September 7. According to Director of the city's Investment and Trade Promotion Centre (ITPC) Pham Thiet Hoa, the conference asserted the city's consistent viewpoint in bolstering trade and investment relations with partner cities and creating strong impressions on international enterprises and tourists. HCM City is considered as the country's economic locomotive. Since 1988, the city has had 6,268 valid foreign direct investment projects, with a combined registered capital of 40.8 billion USD. The locality is offering numerous incentives to attract investment in services and industries with high technology and added value, he said. Le Bich Loan from the Saigon Hi-Tech Park (SHTP) said that the park is calling for … [Read more...] about BUSINESS IN BRIEF 9/9
BUSINESS IN BRIEF 15/9
Vietnam introduces food products at WorldFood Moscow 2016 Vietnamese booths display a wide range of items, from frozen and canned food to farm products and fresh fruits under the theme of "Vietnamese agriproducts: unique, clean and safe". Hoang Van Du, Deputy Director of the Agricultural Trade Promotion Centre under the Ministry of Agriculture and Rural Development ( MARD ), said the expo is a good chance for Vietnamese enterprises to introduce their products to countries in the Eurasian Economic Union. According to Du, in the context of Russia still imposing a ban to import food from many traditional markets, Vietnamese companies now have a good opportunity to expand their Russian market, which has a purchasing power of 146 million people. WorldFood Moscow is an annual event and this year it attracted the participation of over 1,500 companies from 62 countries around the world. Hanoi to host largest-ever workshop on startup The Hanoi People's Committee will join hand with the … [Read more...] about BUSINESS IN BRIEF 15/9
BUSINESS IN BRIEF 3/6
Vietnam, EU optimise opportunities from free trade deal A negotiation delegation from the EU is on a working visit to Vietnam to raise public awareness of how to optimise the benefits and opportunities from the freshly-concluded free trade agreement between two sides (EVFTA). He said the EU and Vietnamese experts will review the agreement to ensure all of its contents are legally built. The conclusion of the EVFTA is a significant stride in the bilateral economic, trade and investment relations, he said, describing the deal as an inclusive, high-quality one that balances benefits for both the EU and Vietnam. Particularly, the two sides’ import-export structure is supplementary rather than competitive, thus opening opportunities for businesses to penetrate into the respective markets, he said. Regarding EU’s trade policy for ASEAN and Vietnam in the coming time, he said, the EU is running a trade deficit with many countries . Therefore, the union is seeking opportunities to … [Read more...] about BUSINESS IN BRIEF 3/6