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| A recent survey conducted by Mizuho Research Institute of 1,100 companies in Japan shows growing interest in Việt Nam as an investment priority among ASEAN countries. — Photo vov.vn |
HCM CITY (Biz Hub) — A recent survey conducted by Mizuho Research Institute of 1,100 companies in Japan shows growing interest in Viet Nam as an investment priority among ASEAN countries.
More than 53 per cent of the enterprises participating in the survey said that Viet Nam was their ideal investment destination, with Thailand ranking first, with 59.7 percent.
The confidence rate in the Vietnamese market increased by 4.9 per cent compared with last year's survey.
The poll also found a reduction of 2.2 per cent in the confidence rate for the Thai market compared to last year.
Nearly 49 per cent of Japanese companies with registered capital of more than 10 million yen chose ASEAN as an overseas investment priority, the survey found.
Japanese investors said that Viet Nam's membership in the Trans-Pacific Partnership trade agreement was an incentive for them to invest in Viet Nam.
Nearly 13 per cent of the respondents said they would choose Viet Nam first as an investment destination among the 12 member countries of ASEAN.
Of the 12 countries that have signed the Trans-Pacific Partnership, which includes Viet Nam, Japan and the US, more than 10 per cent said they would invest only in Japan, and 4.9 per cent in the US.
Another survey of 1,027 Japanese enterprises conducted early this year by the Japan External Trade Organisation (JETRO) showed that more than 60 per cent of Japanese enterprises investing in Viet Nam had plans to expand their business in the country.
About 85 per cent of the enterprises said they would expand to increase revenue, while 65 per cent said they saw high potential for economic growth in Viet Nam.
JETRO said that Japanese enterprises considered the ASEAN Economic Community, which simplifies customs procedures, reduces tariffs among members and offers employment mobility, to be an incentive to further invest overseas.
About 60 per cent of the respondents said they were earning profits in Viet Nam.
Japanese enterprises said they wanted to invest in Viet Nam as it continues to enjoy strong growth, especially with the signing of more trade agreements. — VNS