Vietnam is Japan’s second most favored destination for investment in Asia, said senior economist Saori Sugeno from the Daiwa Institute of Research Holdings at a recent business seminar.
The Southeast Asian country is on the way to become a key “workshop” in the global supply chain, he continued, saying that Vietnamese people’s rising expenditure and a series of ongoing infrastructure mega-projects are among attractive factors to foreign investors.
However, the Vietnamese Government needs to quickly build legal corridor for public-private partnership model as the background for alluring private capital to infrastructure projects, he suggested.
The Government should also improve business environment, quickly develop the capital market to draw foreign indirect investment, and establish infrastructure funds, he added.
Meanwhile, Mr. Yuichi Bamba from JETRO noted that Vietnam’s business environment is still attractive to Japanese investors.
JETRO’s latest survey data shows that Vietnamese workers’ incomes are lowest in the Southeast Asian region, both in production and non-production sectors.
In 2010, most of Japanese enterprises doing business in Vietnam gained increasing business performance and they believed in the country’s economic outlook after the global crisis.
The number of Japanese enterprises planning to expand their operations in Vietnam is expected to climb to a high record, if compared to other ASEAN playgrounds.
Political stability, vast and potential market, high economic growth, and abundant workforce are among Vietnam’s biggest advantages./.