Japanese investors see Ho Chi Minh City as good investment destination

The comment was made at a roundtable jointly held by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) and the Japanese Chamber of Commerce and Industry in Ho Chi Minh City (JCCH) on November 30.

Japan is currently the third largest foreign investor in the city, with 5.5 billion USD in 1,568 projects primarily in manufacturing, wholesale and retail, vehicle repair, science-technology and construction, data as of November 2022 showed.

According to Japanese Consul General in Ho Chi Minh City Watanabe Nobuhiro, Vietnam is a fast-growing economy and a favourite destination in Japanese enterprises’ strategy to diversify their supply chains.

As the economic centre of Vietnam, Ho Chi Minh City still has great potential for attracting investment in the medium and long term, said the diplomat, adding that Japanese companies highly appreciate the city’s efforts to address the issues facing them.

The JCCH also spoke highly of the responsibility of Ho Chi Minh City’s functional agencies in dealing with the feedback of the Japanese business community in previous roundtables.

For his part, Ho Chi Minh City Vice Chairman Vo Van Hoan said the city will always accompany Japanese businesses and will strive to resolve the difficulties to better meet their requirements for technical and social infrastructure, human resources and a fair and transparent business climate.

He expressed his hope that the Japanese business community will continue contributing their opinions in the areas that they are interested in and actively support Ho Chi Minh City’s enterprises to look for investment opportunities in Japan.