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Investment wave on way

Released at: 14:50, 01/12/2014

Investment wave on way

VCCI Chairman cites survey of Japanese enterprises in predicting bright days ahead in investment sphere.

by Minh Tuyet

A new investment wave will come to Vietnam, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc told the International Friendship Day 2014 event on November 29 in Hanoi.

He pointed to a recent survey on the attitudes of 23,000 Japanese enterprises towards investment destinations as evidence. The survey revealed that for the first time there are more Japanese enterprises seeking to invest in Vietnam than in China, at 10 per cent and 6 per cent, respectively.

A representative from a Vietnamese software enterprise also told the event that the company has accessed this new wave, cooperating solely with Japanese enterprises instead of with several foreign enterprises, as it used to do.

In speaking about the business opportunities in Vietnam, Mr. Vo Tri Thanh, Deputy Director of the Central Institute for Economic Management, said that green business has potential in the country. Green business can not only protect the environment but can also bring benefits to the value chain. It now accounts for about 4 per cent of the business structure in developed countries, he said, but the figure in Vietnam is much smaller.

Although many experts spoke of opportunities at International Friendship Day 2014, which was held with the aim of connecting Vietnamese students that have studied overseas with enterprises, challenges were also discussed. They face a number of difficulties upon returning home from their studies, of which adapting to the workplace environment was said to be high on the list.

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