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Da Nang looks for more Japanese investment

Viet Nam has become the second biggest destination for Japanese investors in ASEAN – after Thailand – with 1,463 members in the Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA). A Tokai Viet Nam worker tests products at factory in Da Nang’s Hoa Khanh Industrial Zone. The company invested US$10 million in […]

By VNS

Da Nang City, Vietnam, September 2, 2015

Vietnam Investment Review

Viet Nam has become the second biggest destination for Japanese investors in ASEAN – after Thailand – with 1,463 members in the Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA).

A Tokai Viet Nam worker tests products at factory in Da Nang’s Hoa Khanh Industrial Zone. The company invested US$10 million in producing spare auto parts for the Southeast Asian market and international brands such as Toyota, Honda and Nissan. VNS Photo Cong Thanh

Japanese companies have started 176 new projects in Viet Nam in the first seven months of the year, said Atsusuke Kawada, chief representative of the Japan External Trade Organisation (JETRO) in Ha Noi.

However, he said investment capital in Viet Nam had been declining due to the weakening of the yen, and big companies having completed their investments in Viet Nam, Kawada explained at a conference on Japanese investment promotion in Da Nang last week. About 150 Japanese businesses participated.

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