Prime Minister Nguyen Xuan Phuc visits a farm in Nagoya City during his visit to Japan. Vietnamese firms should seek more investment opportunities in Japan, especially in the information and technology (IT) sector. — VNA/VNS Photo

HA NOI (Biz Hub) — Vietnamese firms should seek more investment opportunities in Japan, especially in the information and technology (IT) sector, said Shigeki Maeda, vice president of the Japan External Trade Organisation, during a conference held yesterday in the capital.

After investing successfully in Japan's IT sector, Vietnamese companies could then expand their investment in other potential markets worldwide, the vice chairman said.

The Japanese Government has made great efforts to attract foreign investors, he said, adding that his organisation has also established a consultancy centre to help foreign enterprises navigate the administrative procedures of investing in Japan, he noted.

Do Nhat Hoang, head of the Ministry of Planning and Investment's Foreign Investment Agency, said Vietnamese firms have so far pumped about US$9 billion into 1,000 overseas projects, mainly in the agriculture, telecommunications and IT industries.

In Japan alone, domestic firms had 40 projects worth about $7 million. That helped Japan rank 45th among countries and territories that have seen Vietnamese investment, Hoang said.

He vowed that his agency would create the most favourable conditions for local firms to invest abroad, including Japan. — VNS