Hanoi (VNA) – Japan is expected tomake strong investment in Vietnam in 2017, according to Cong Thuong (Industry& Trade) newspaper.
Vietnam has so far attracted more than 22,000foreign direct investment (FDI) projects worth about 300 billion USD from 116countries and territories.
Japanese investors account for 3,300 of thetotal projects with a total registered capital of nearly 42 billion USD, morethan 14 percent of total FDI in Vietnam.
According to the Ministry of Planning andInvestment, 1,600 Japanese firms are operating in 52 out of the 63 cities andprovinces in Vietnam.
Japan is currently the biggest officialdevelopment assistance supplier of Vietnam.
Two-way trade has recorded annual average growthof 13.9 percent in recent years, which is expected to hit 60 billion USD by2020.
At the end of January 2017, a delegation of 70Japanese businesses explored the investment environment in Vietnam.
Chairman of the Japan Chamber of Commerce andIndustry Akio Mimura, head of the delegation, said Vietnam was an attractivedestination.
Japan will boost investment in the SoutheastAsian country in infrastructure, agriculture, industry and manufacturing spareparts, he added.
A survey conducted by Japan’s Asian NikkeiReview in 2016 named Vietnam as the first choice for Japanese investors inASEAN, with up to 53 percent of surveyed Japanese businesses planning to investin Vietnam.
During his official visit to Vietnam in January2017, Japanese Prime Minister Shinzo Abe agreed with Vietnamese counterpartNguyen Xuan Phuc to expand trade and investment ties.
Vietnam drew over 175 FDI projects capitalised at 1.24 billion USD inJanuary 2017, year-on-year respective increases of 37.8 percent and 23 percent.
Total newly-registered and increased capitalreached 1.4 billion USD in the first month of 2017, up 6.6 percent against thesame period last year. FDI disbursementwas estimated at 850 million USD, a yearly rise of 6.3 percent.-VNA
Prime Minister Nguyen Xuan Phuc has reaffirmed Vietnam’s consistent policy of attaching importance to developing relations with Japan and suggested the two sides enhance political trust.
The Vietnamese Consulate General in Osaka introduced the economic development and investment environment of Vietnam to Japanese investors during a conference held in the Japanese city on December 8.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Illustrative image (Source: VNA)
