Connect with us

Asean

Japanese investors view Vietnam as a more attractive

Published

on

Japanese investors are viewing Vietnam as a more attractive investment destination, with higher growth potential for industrial development, particularly in the textile and components industries, the Ho Chi Minh office of the Japan External Trade Organisation (Jetro) said.

Managing director Yoshida Sakae yesterday said compared to Thailand, Vietnam is like a child while Thailand is an adult with decades of industrial development.

At present, there are roughly 1,000 Japanese companies in Vietnam and around 7,000-8,000 firms in Thailand, said Sakae.

He said the Vietnamese government had a clear direction to develop the country's industry. Some companies are constructing steel-blast furnaces and refineries in Vietnam as they are basic manufacturing. The government has set the target to make Vietnam an industrial country by 2020.

The advantages of investing in Vietnam are low labour cost and a larger market than Thailand as the country has a population of 68 million people. Hence, consumption in Vietnam is growing every year.

via Japanese investors turn focus on VN.

Click to comment

Leave a Reply

Tech

Global fashion e-tailer Shein launches new hub in Singapore

Published

on

Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

Source link

Continue Reading

Singapore

How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

The government is expected to draw on S$53.7 billion (US$40 billion) from its reserves for this year and an additional S24 billion (US$17.8 billion) over the next three years to assist local companies transition into a post-pandemic business environment.

Published

on

How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

Singapore’s government has provided an array of fiscal and non-fiscal incentives to help businesses reduce their overhead costs during the pandemic.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,158 other subscribers

Wise

Recent