Japan enthusiastic about investment in Vietnam

Despite a decrease in FDI attraction, Japanese investors want to inject more investment or increase their involvement in Vietnam by way of purchasing Vietnamese company shares.

 Many Japanese investors have recently sought further information on investment in Vietnam, especially on support industry companies, said Phan Huu Thang, Director of the Foreign Investment Research Centre.

Hirokazu Yamaoka, Chief Representative of the Japan Trade Promotion Organisation (JETRO) in Vietnam, said more than 500 Japanese companies came to Vietnam to learn about investment information from April, 2010 to March, 2011.

 Japanese firms are interested in production of auto and motor spare parts, electric and electronic appliances, machinery components and packaging materials.

 JETRO provided a programme to assist Japanese firms to make direct contact with leaders of 100 major Vietnamese companies for investment information.

 Apart from learning about investment information, Japanese companies have recently bought shares of Vietnamese firms. For example, the Asia DI industrial investment fund a joint venture between Dream Incubator Vietnam and Orix Company, bought around 25 percent of shares of the Vietnamese company Nutifood.

 Earlier, Japan’s Nippon Meat Packers and a joint stock company in Long An province set up the Nippon Golden Pig joint venture.

 According to the Ministry of Planning and Investment, Japan had by April 2011 run 1,472 valid FDI projects with a total registered capital of US$21.2 billion, ranking fourth among 92 countries and territories investing in Vietnam.

(VNA/VOVNews)

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