60% of Japanese investors have plans to expand investment in Vietnam

ABO/NDO- The Japan External Trade Organization (JETRO) held a press conference in Hanoi on February 13, to announce a survey on the situation of Japanese enterprises investing abroad in 2022.

Accordingly, sixty per cent of Japanese investors in Asia-Pacific polled in the survey said, they plan to expand operations in Vietnam within the next two years.

The rate is the highest in the ASEAN region and third in Asia-Pacific, only after India (72.5%) and Bangladesh (71.6%).

A chart of business prospects of Japanese enterprises in Vietnam. (Source: JETRO Hanoi).

Also, according to the poll, conducted in August and September last year, the prospect of business profit in Vietnam in 2022 recovered strongly after the COVID-19 pandemic, especially regarding the sectors of production - consumption and direct services, thanks to significant increases posted in export volume and market purchasing power.

In 2023, the local manufacturing and non-manufacturing industries are forecast to improve by more than 50%.

Another survey of JETRO also revealed Vietnam ranks only after the US, as a favourite destination for investment for Japanese companies.

(Source: NDO)