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<h4 style="text-align:justify">Sixty percent of Japanese investors in Asia-Pacific polled in a 2022 survey by the Japan External Trade Organization (JETRO) said they plan to expand operations in Vietnam within the next two years.</h4>

<img alt="many japanese firms plan expansion in vietnam jetro poll picture 1" src="https://media.vov.vn/sites/default/files/styles/large/public/2023-02/many_japanese_firms_plan_expansion_in_vietnam_jetro_poll.jpg" title="many japanese firms plan expansion in vietnam jetro poll picture 1" />

The rate is the highest in the ASEAN region and third in Asia-Pacific only after India (72.5%) and Bangladesh (71.6%). 
 
Another survey of JETRO also revealed Vietnam ranks only after US as a favourite destination for investment for Japanese companies. 
 
Explaining the figures for Vietnam at a recent meeting with the Ministry of Planning and Investment, Chief Representative of JETRO in Hanoi Nakajima Takeo said Japanese businesses&rsquo; expectation of higher revenue is based on the Vietnamese market&rsquo;s current export expansion and growth potential. Most small- and medium-sized enterprises (SMEs) in the group want to expand their activities in the non-manufacturing industry. 
 
Also according to the poll, conducted in August and September last year, the prospect of business profit in Vietnam in 2022 recovered strongly after the COVID-19 pandemic, especially regarding the sectors of production - consumption and direct services, thanks to significant increases posted in export volume and market purchasing power. In 2023, the local manufacturing and non-manufacturing industries are forecast to improve by more than 50%.

At the meeting, Minister of Planning and Investment Nguyen Chi Dung underscored the Vietnamese Government&rsquo;s efforts for business climate improvement to attract more foreign investors, including those from Japan. 
 
He suggested JETRO assist Vietnamese SMEs in building capacity and forming linkages with their Japanese peers; transfer technologies to Vietnam; and encourage Japanese firms to promote innovation and R&amp;D activities in the Southeast Asian nation.

https://english.vov.vn/

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