Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>investment  >> Japan switches focus to VN
NEW UPDATES Asean Affairs  10 August 2015  

Japan switches focus to VN

Japanese companies are increasingly shifting their investments in Viet Nam to trade and services and relocating projects from China and Thailand to the country, according to the Government's news website

Hirotaka Yasuzumi, executive director of the Japan External Trade Organisation (JETRO), said that most Japanese enterprises wanted to set up shop in Viet Nam as part of their Thailand Plus One strategy.

Similarly, Japanese enterprises now in China have adopted a China Plus One strategy. Among Southeast Asian countries, Viet Nam is the primary choice.

The Japanese companies are particularly interested in the fields of trade and services and real estate in HCM City.

For instance, JETRO said Japanese investors in 2013 were involved in eight projects worth a total of US$3 million. But it rose to seven projects worth $134 million last year.

In July, Japan's Creed Group signed an agreement to invest $200 million into An Gia Real Estate Development and Investment Co for a 20 per cent stake in the Vietnamese real estate company.

Creed Group, which manages a portfolio of $5 billion assets, will provide 50 per cent of the capital for An Gia's project, providing Japanese-quality housing services in HCM City.

If the Vietnamese property market develops well, the Creed Group said it would inject hundreds of millions of dollars more in other An Gia projects.

Another Japanese investor, Toshin Development, plans to be involved in the underground trade centre at the Ben Thanh Terminal, the central terminal of the subway system that is now under construction. Total investment would be $300 million.

HCM City authorities have called for investments under the public–private partnership (PPP) model.

The trade and services sector has received interest from Japanese investors due to the drop in tariffs under the ASEAN-Japan Comprehensive Economic Partnership Agreement.

Under this agreement, more than 3,200 tax categories on materials, machinery and equipment, and electronics and electronic parts from Japan have had a zero tax rate since early April.

Goods imported from regional countries will also be cheaper than domestically made products as a result of tax cuts within the framework of the ASEAN Trade in Goods Agreement.

With these agreements, the Japanese have more reason to focus on trade development projects in Viet Nam.

Yasuo Nishitohge, general director of Aeon Viet Nam Ltd Co, said new tax policies had a positive impact on retailers.

The Aeon Group has four trade centres in Viet Nam with total investment of $512 million. Two centres are located in HCM City.

HCM City's Investment and Trade Promotion Centre said Japan was the sixth largest FDI investor in HCM City with 788 projects worth $2.72 billion, mostly in property, processing, manufacturing, wholesale & retail, engines, automobile repair and science-technology.

In the first six months of this year, bilateral trade between HCM City and Japan reached $3 billion, of which HCM City exports totalled $1.8 billion.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           August  10 , 2015 Subsribe Now !
• Japan switches focus to VN Subcribe: Asean Affairs Global Magazine
• Thai visa plan expected to push Cambodia tourism
• Property, financing firms push for lower BI Rate
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Indonesia eyes 7% increase in rice output despite El Nino
• RI coffee exports to Taiwan up 33%
Asean Analysis                   July 24 2015
• Asean Analysis July 24, 2015
The Dual Policy Challenge of the South China Sea
Advertise Your Brand

Asean Stock Watch  August  6,   2015
• Asean Stock Watch-August 6, 2015
The Biweekly Update
• The Biweekly Update July 24, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand