Despite a decrease in FDI attraction, Japanese investors want to injectmore investment or increase their involvement in Vietnam throughpurchasing Vietnamese company shares.
Many Japanese investors have recently sought further information oninvestment in Vietnam , especially on supporting industry companies,said Phan Huu Thang, Director of the Foreign Investment ResearchCentre.
“If the trend comes to fruition, it will help Vietnamvery much,” Thang said, adding that he will soon lead a group ofJapanese businesses to inquire into investment in a southern province.
HirokazuYamaoka, Chief Representative of the Japan Trade Promotion Organisation(JETRO) in Vietnam, said more than 500 Japanese companies came toVietnam to learn about investment information from April, 2010 to March,2011.
Japanese firms were interested in production of auto andmotor spare parts, electric and electronic appliances, machinerycomponents and packaging materials.
At a press conference on thefourth Vietnam-Japan supporting industry exhibition last March, HirokazuYamaoka described Vietnam as an attractive destination forproduction in comparison with other regional countries thanks to itsworkforce and low costs.
JETRO provided a programme to assistJapanese firms to make direct contact with leaders of 100 majorVietnamese companies for investment information.
Apart fromlearning about investment information, Japanese companies have recentlybought shares of Vietnamese firms. For example, the Asia DI industrialinvestment fund a joint venture between Dream Incubator Vietnam and OrixCompany, bought around 25 percent of shares of the Vietnamese companyNutifood.
Earlier, Japan ’s Nippon Meat Packers and a jointstock company in Long An province cooperated to set up the Nippon GoldenPig joint venture.
Shinichiro Hori, Director General of DreamIncubator Vietnam joint stock company, acknowledged that many Japanesecompanies wanted to invest in Vietnam , but, he added, it was difficultto encourage a wave of investment from Japan like that in late 1990s,due to woes in Vietnam ’s macro-economy.
He suggestedVietnam do more because the country’s foreign investment attraction isnot as competitive as other nations. Low-cost labour is not anadvantage for competitiveness, because investors need skilled workers,he said.
According to the Ministry of Planning and Investment,Japan had by April 2011 run 1,472 valid FDI projects with a totalregistered capital of 21.2 billion USD, ranking fourth among 92countries and territories investing in Vietnam./.
Many Japanese investors have recently sought further information oninvestment in Vietnam , especially on supporting industry companies,said Phan Huu Thang, Director of the Foreign Investment ResearchCentre.
“If the trend comes to fruition, it will help Vietnamvery much,” Thang said, adding that he will soon lead a group ofJapanese businesses to inquire into investment in a southern province.
HirokazuYamaoka, Chief Representative of the Japan Trade Promotion Organisation(JETRO) in Vietnam, said more than 500 Japanese companies came toVietnam to learn about investment information from April, 2010 to March,2011.
Japanese firms were interested in production of auto andmotor spare parts, electric and electronic appliances, machinerycomponents and packaging materials.
At a press conference on thefourth Vietnam-Japan supporting industry exhibition last March, HirokazuYamaoka described Vietnam as an attractive destination forproduction in comparison with other regional countries thanks to itsworkforce and low costs.
JETRO provided a programme to assistJapanese firms to make direct contact with leaders of 100 majorVietnamese companies for investment information.
Apart fromlearning about investment information, Japanese companies have recentlybought shares of Vietnamese firms. For example, the Asia DI industrialinvestment fund a joint venture between Dream Incubator Vietnam and OrixCompany, bought around 25 percent of shares of the Vietnamese companyNutifood.
Earlier, Japan ’s Nippon Meat Packers and a jointstock company in Long An province cooperated to set up the Nippon GoldenPig joint venture.
Shinichiro Hori, Director General of DreamIncubator Vietnam joint stock company, acknowledged that many Japanesecompanies wanted to invest in Vietnam , but, he added, it was difficultto encourage a wave of investment from Japan like that in late 1990s,due to woes in Vietnam ’s macro-economy.
He suggestedVietnam do more because the country’s foreign investment attraction isnot as competitive as other nations. Low-cost labour is not anadvantage for competitiveness, because investors need skilled workers,he said.
According to the Ministry of Planning and Investment,Japan had by April 2011 run 1,472 valid FDI projects with a totalregistered capital of 21.2 billion USD, ranking fourth among 92countries and territories investing in Vietnam./.
