Topic: Vietnam Japan

JETRO's latest survey revealed that Japanese enterprises operating in Vietnam—including local supporting industry enterprises—achieved a localization rate of 36.6%, comparable to Malaysia and the Philippines.

Vietnam and Japan continue to strengthen their comprehensive cooperation, with science and technology, innovation, and high-quality human resource development designated as a new strategic pillar.

Japan ranks as the second-largest foreign investor in the northern province, with over 100 projects spanning mechanical engineering, automobile and motorcycle manufacturing, and electronics.

Japan is currently a leading economic partner of Vietnam; therefore, topics such as improving the investment environment, promoting supply chains, and expanding markets for each other's goods will be emphasized.

Currently, the locality is home to 161 Japanese investment projects, with a total capital exceeding $1.2 billion.

The Vietnam-Japan Business Forum was held in Tokyo on December 19.

64.1% of Japanese companies in Vietnam expect to be "profitable" in 2024, an increase of 9.8 percentage points compared to the previous year.

Project in northern city led by Mitsubishi Estate Group and is expected to be operational in the third quarter of 2025.

The collaboration would equip Vietnamese professionals with the necessary skills and knowledge to compete globally.

The three-year-old ‘SME Promotion and Industrial Development Project’ aims to strengthen the capacity of Vietnamese consultants in developing SMEs and helping industries’ SMEs join global value chains.