Skip Ribbon Commands
Skip to main content
Thursday, September 29 2022
Tiếng Việt
a A
Date 04/02/2021-15:31:00 PM
Deputy Minister Tran Duy Dong works with the Chief Representative of JETRO
(MPI) - Deputy Minister Tran Duy Dong worked with Takeo Nakajima, Chief Representative of Japan External Trade Organization (JETRO) in Ha Noi, to unveil the survey results on business conditions of Japanese companies in Vietnam on Febuary 4th 2021, at the head office of the Ministry Planning and Investment.
Chief Representative of JETRO Takeo Nakajima at the meeting. Photo: MPI

Chief Representative of JETRO Takeo Nakajima said at the meeting that the survey aimed to understand the actual operation of Japanese enterprises in Asia and Oceania and sharing the results widely. The survey participants are Japanese companies which invest 10% or more directly or indirectly in Vietnam, and their branches and representative offices which are investing in 20 countries/regions including 5 countries in East Asia, 9 ASEAN countries, 4 countries in South-Western Asia and 2 countries in Oceania from August 24th, 2020 to September 25th, 2020.

According to the results of the survey, Vietnam similar to other countries/regions is suffering from Covid-19 widespread transmission with 52.8 percent of enterprises posted falling profits in 2020. However, 49.6 percent of Japanese enterprises operating in Vietnam made profits while 20.3 percent of them stayed balance. 46.8 percent of Japanese businesses investing in Vietnam said they would expand operations in the next one or two years. The rate of investment expansion was lower than the same period last year but still ranked fourth in the Asia-Oceanic region.

In 2020, the surveyed Japanese firms paid attention to the risks in investment environment such as legal system, tax system/tax procedure and administrative procedure. There were businesses that want to expand the on-spot purchasing system, however supporting industries in Vietnam haven’t satisfied their needs. Many businesses were also interested in cooperating with new investors.

Deputy Minister Tran Duy Dong at the meeting. Photo: MPI

Deputy Minister Tran Duy Dong highly appreciated JETRO’s report. Although being an annual report, the survey is further improved and showing multi-dimesional assessment of Japanese companies’ investment and business performance in Vietnam and their expectation on the investment environment, legal system and other related issues.

Profits and operation of Japanese enterprises in Vietnam were all affected by Covid-19 pandemic. However, the survey found that business was expected to recover and get profits in 2021. This requires Vietnam government adopting creative and satisfactory solutions to control the pandemic and untie difficulties for Japanese enterprises.

Deputy Minister Tran Duy Dong suggested JETRO paying more attention to localization rate, digital transfer and innovation in the survey for 2021. It was also expected that the Ministry of Planning and Investment and JETRO would continue to co-operate and boost investment promotion as stated in the the MOU signed in 2020./.


Ministry of Planning and Investment

  • Viewed: 2813

Rating

(Choose stars to rate)
  
MINISTRY OF PLANNING AND INVESTMENT PORTAL
Copyright by Ministry of Planning and Investment
Address: No. 6B, Hoang Dieu, Ba Dinh, Hanoi - Tel: (84-80)43485; (84-24)38455298 (Ministry Office);
Fax: (84-24)38234453 (Ministry Office); Email: banbientap@mpi.gov.vn