Business

Japan becomes top investor in Vietnam

SGGP
Japan has become the largest investor in Vietnam since 2017, with investments reaching US$ 9.11 billion, accounting for 25.4 percent of the total FDI, according to the Vietnam Chamber of Commerce and Industry, Ho Chi Minh City Branch (VCCI-HCM).

Auto equipment manufacturing at Japanese MTEX Company in Tan Thuan export processing zone, HCMC (Photo: SGGP)

Auto equipment manufacturing at Japanese MTEX Company in Tan Thuan export processing zone, HCMC (Photo: SGGP)

In the first six months, Japanese investor poured US$6.5 billion into projects, accounting for 32 percent of the total FDI in the country.
The country sees 1,600 Japanese firms that are operating in Vietnam. Nearly 70 percent of Japanese enterprises plan to expand their business and investment in Vietnam, especially in the fields of trade, high value-added product and consumer goods.

By MINH HAI – Translated by Kim Khanh

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