Vietnam's investment environment praised by Japanese

	Amazon is reported to compete with startups after investment process
	Chan May LNG power project to receive the investment up to $6 billion
	Vietnam property market becomes more attractive to foreign investments

Sagara Hirohide, CEO of Marubeni Vietnam, a Japanese investor, recently took part in the Vietnam-Japan online investment promotion conference held by the Ministry of Planning and Investment and Japanese Embassy in Vietnam.

According to Hirohide, since the COVID-19 Pandemic outbroke in China, Vietnam has proven to be a reliable investment destination.

He believes that Vietnam would offer attractive investment mechanisms that would help bring Vietnam to a new development turning point.

Vietnam-Japan online investment promotion conference Photo: Hanoi Times

Miura Nobufumi, chair of the Japan Chamber of Commerce and Industry (JCCI), asserted that Japanese businesses have serious interest in the Vietnamese market.

“Vietnam is the first country in the world showing the advantages of supply diversification. Japanese businesses have a high interest in Vietnam, viewing it as an investment destination in the new normal status of today”, he said.

A survey by JCCI (Japan Chamber of Commerce and Industry) indicated that up to 2,800 people said that they want to come to Vietnam to seek investment opportunities.

Nevertheless, JCCI also pointed out that Japanese businesses are concerned about many problems existing in Vietnam including poor infrastructure and complicated procedures.

Praising Vietnam’s achievements in fighting against Covid-19, Envoy Okabe Daisuke from the Japanese Embassy in Vietnam said with high-risk management administration, Vietnam has begun to revive its economy.

Vietnam is a safe and attractive investment destination (Photo: Hanoi Moi)

Okabe Daisuke also made a 4-point proposal to the Vietnamese government.

First of all, resuming travel between the two countries. In May and June, Vietnam allowed 500 Japanese specialists to enter Vietnam.

Secondly, improving the implementation of public investment projects. No economic stimulus measure can bring high efficiency as a public investment can. The subway No 1 Ben Thanh – Suoi Tien, the Ben Luc – Long Thanh Highway and Nhon urban railway are effective measures to stimulate the economy.

Thirdly, attracting foreign direct investors, including Japanese. The Japanese Ministry of Economy, Trade, and Industry is providing a $2.3 billion credit package to help businesses diversify their production chains. Meanwhile, Japan Bank for International Cooperation (JBIC) also has a financial support package to help businesses overcome the Covid-19 pandemic.

Last but not least, it is necessary to upgrade Vietnam’s credit rating and improve the disbursement and decision-making process.

British newspaper praised Vietnam as attractive destination to globalists and frontier-market investors An article published on the Economist newspaper recently highly appreciated the potentials of Vietnam's economy and its attraction to foreign investors.

Foreign Investors in Vietnam, new chance for Gasoline retail: The market share is going to shift The Ministry of Industry and Trade is proposing to allow Foreign Investors to participate further into the petroleum industry, specifically in retail.

US enterprises highly appreciate investment opportunities in Vietnam The president of the US-ASEAN Business Council (USABC), Alex Feldman, and representatives of US businesses were very interested and highly appreciated investment opportunities in ASEAN ...