Vietnam remains the most attractive investment destination for Japan’s manufacturing firms in the medium-term prospects, according to the Japan Bank for International Cooperation (JBIC). Deputy director general of the Policy and Strategy Office for Financial Operations Noriyasu Yuge tells VIR’s Phuong Thu about the ongoing investment trend.
With Apple’s recent decision to produce iPhones in India, and with its rumoured plans in Vietnam seeing no news/mention at all, Vietnam may have to reconsider its business environment and incentives for investors in electronics manufacturing if it wants to compete with India.
One year on, opportunities and challenges from the AEC are becoming evident to Vietnamese enterprises.
Expectations for increased export revenues to ASEAN are waning but it also affords domestic enterprises a moment to reflect on their weaknesses and strengths, and then work to restructure themselves in order to achieve the desired growth.
Two Japanese companies have launched – New Land Vietnam Japan Joint Stock Company – a four-temperature cold chain logistics joint venture, according to a December 14 news release by Sojitz Corporation.
India-based Tata Coffee, a subsidiary of Tata Global Beverages, has released plans to set up a greenfield freeze-dried instant coffee plant in Vietnam with the total investment capital of $50 million. The plans were stated in a filing to the Bombay Stock Exchange (BSE).
HCM City (VNA) – Many US enterprises are paying heed to, while others are planning expand their investments in Vietnam in such fields as infrastructure, energy, aviation, hi-technology and farm produce export-import, said US Consul General in Ho Chi Minh City Mary Tarnowka.
Hanoi (VNA) – Businesses from Italy’s Trento province have shown their interest in Vietnam’s investment incentives, especially in technology, electro-mechanics, green agriculture, forestry and pharmaceuticals, which are their strengths.
Seoul (VNA) - Transport infrastructure is an attractive investment field in Vietnam while the acceleration of equitising State-owned enterprises in the country will create brilliant opportunities for businesses from the Republic of Korea (RoK).
The CLMV (Cambodia, Laos, Myanmar and Vietnam) group represents nascent potential merger and acquisition (M&A) opportunities in the region, with frontier Vietnam serving as a gateway into the group as it seeks an upgrade to emerging market status, according to Merrill Corporation.