Vietnam Welcomes Strong Japanese Investment Wave
Ho Van Tuyen, the vice-chairman of the Mekong Joint Stock Company, said Japanese companies were investing heavily abroad because of instability in the domestic market, and Vietnam was one of their top priorities.
He said his company chief was negotiating with some Japanese companies interested in investing in Vietnam.
He added that these companies are particularly interested in retail, distribution and agricultural sectors.
In an interview with domestic media, Dang Thanh Tam, chairman of Xigong investment group, said Japanese companies would increase investment in Vietnam this year.
He said that the Japanese Prime Minister had repeatedly mentioned Vietnam in the recent APEC forum, and the forum Dang Thanh Tam herself participated in the 20 meeting with Japanese companies.
He said he often received leaders from big Japanese companies.
Japanese companies have begun to penetrate the Vietnamese market. Mini Stop is a famous Japanese chain convenience store. It has signed an agreement with Vietnam's Trung Nguyen group. The branch of Mizuho Industrial Bank of Hu Zhiming and Hanoi has been allowed to raise capital from 15 million US dollars to 133 million 500 thousand US dollars. This move is welcomed by local investors.
One investor said this proves that a new round of Japanese investment will soon enter Vietnam.
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