Japan was the largest foreign investor in Vietnam in 2012 and more Japanese companies will choose the Southeast Asian country as the destination for their investment, according to the Japanese External Trade Organization (JETRO).
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Nidec company's production line (Source: Internet)
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JETRO’s 2012 survey on business conditions of Japanese-affiliated firms in Asia and Oceania noted that Japanese companies accounted for a quarter of new foreign invested projects, and around 50 percent of total capital in Vietnam last year.
The survey also showed that one third of respondents in Vietnam (34.2 percent) believed the situation will improve in 2013, up 13.8 percent from last year.
At the same time, the survey pointed to several difficulties faced by Japanese enterprises in Vietnam, such as labour force quality and availability and low localisation rate of materials and component.