Some 54.35 per cent of surveyed Japanese enterprises in Vietnam expect to turn a profit this year, according to the latest report from the Japan External Trade Organization (JETRO) on Japanese investment in Asia and Oceania.

The figure, however, is 6.6 points lower than the average in ASEAN.

Released recently by JETRO, the global report presents the results of a survey of 14,018 Japanese enterprises with foreign investment in 20 countries and territories in Asia and Oceania, including 2,122 in Vietnam.

Regarding the prospects in 2024 for better profits than in 2023, 50.4 per cent of respondents answered “improved” while 8.3 per cent answered “worse”.

The proportion of Japanese enterprises that intend to expand their investment in Vietnam in the next one to two years was 56.7 per cent.

As for the functions to be expanded, “sales function” accounted for the largest share, at 62 per cent.