Osaka  (VNA) – The real estate market in Vietnam is the mostattractive in Southeast Asia, according to Director of Japan’s Global LinkCooperative Yoshinori Nakata.

In an interview with correspondents from theVietnam News Agency on the sidelines of the TMS Group’s investment promotionworkshop in Osaka on April 9, Nakata said that it is not just Vietnam’s realestate market, but those in some Asian countries like Cambodia, Indonesia alsohave good prospects.

However, he believed that Vietnam is the mostattractive due to its safe and stable investment environment. According toNakata, the real estate industry in Vietnam has been developing to become the numberone investment channel.

Kako Sasai, head of the business informationdivision of the Japan External Trade Organisation (JETRO), said foreigninvestment in Vietnam’s real estate could increase in the time ahead.

She noted that Japan’s investment in Vietnamwent up rapidly from 2016 to 2018. The number of Japanese firms investing inthe Southeast Asian country has surged, resulting in the increasing demand foroffices and houses.

Most Japanese investors in Vietnam evaluatedthat the country has lots of potential and brings stable profits, she said.

The Vietnamese Government and enterprises havebeen focusing on attracting more overseas firms to invest in Vietnam beyond thefield of real estate, she added.

According to the latest survey of JETRO, Japan’sdirect investment in Vietnam has increased in terms of the number of businessesand the amount of capital. As many as 70percent of Japanese businesses plan to expand operations in Vietnam, while 88percent expect their revenues in the market will increase in the future.

Toru Tomita, director general at the Osaka-basedO.M.NET cooperative business association, described Vietnam as a young nationwith abundant labour supplies. 

In the future, more Japanese businesses willcome to invest in Vietnam, he said.

The investment promotion workshop in Osaka ispart of activities of the TMS Group to introduce the investment environment inVietnam and seek potential partners in real estate projects that the group isimplementing in Vietnam.

Vietnamese Consul General in Osaka Vu Tuan Haiaffirmed that the Vietnamese Government will create an open and equal businessenvironment for Japanese investors.

The Vietnamese Consulate General will continuesupporting and accompanying Japanese businesses in studying, preparing andimplementing business investment plans in Vietnam, he said.

TMS Group has been cooperating with Japanesepartners over the past 15 years and it has been serving as a bridge to connectVietnamese businesses with Japanese partners in the fields of their strengthssuch as real estate, human resources supply, education-training, trade,services, healthcare, and high-tech agriculture. –VNA