Japanese enterprises wish to expand their investment cooperation with Vietnam as the country continues to enjoy strong growth, especially after the recent signing of a number of trade deals.
Hanoi (VNA) – Japanese enterprises wish to expand their investment cooperation with Vietnam as the country continues to enjoy strongꦛ growth, especially after the recent signing of a number of trade deals.
The statement was made by Kishimoto Yoshio, Director General of Japan’s Kyushu region’s Bureau of Economy, Trade and Industry, who led a delegation of 30 Japanese businesses to visit Hiep Phuoc Industrial Park in Ho Chi Minh City on February 22.
At the reception for the delegation, head of the HCM City Export Processing and Industrial Zones Authority (Hepza) Vu Van Hoa said 17 industrial parks in the city have so far attracted about 1,300 projects with total investment capital of 9 billion USD.
Of the figure, 559 projects worth 5.4 billion USD are sourced from Foreign Direct Investment (FDI).
Japan is the largest investor in the city’s industrial parks with 119 projects capitalised at 1.3 billion USD.-VNA
Japanese businesses are becoming more interested in Ho Chi Minh City, as a matter of fact, the city has signed many cooperation programmes with Japanese localities, said the Vietnam Economic News.
Ho Chi Minh City is seeking more solutions to complete a project on developing the support industry, which plays a key role in promoting the sustainable development of major industries, according to a report on the Government website chinhphu.vn.
HCM City, Vietnam’s southern economic hub, is making efforts to transform its processing and industrial zones from traditional labour-intensive structure to high-tech key industries.
In the first two weeks of 2016 the HCM City Export Processing Zone Authority (HEPZA) has licensed two FDI projects with a combined registered capital of over 30 million USD.
Foreign investment in HCM City's industrial parks and export processing zones is expected to rise this year as Vietnam is scheduled to sign the Trans-Pacific Partnership (TTP) on February 4.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustration photo. (Source: Internet)
