Japan leads in FDI projects in Vietnam

The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, on July 10, held a seminar to help Vietnamese businesses and their counterparts from Japan’s Aichi Province to exchange experiences, seek trade opportunities, and find solutions to difficulties in investment in Vietnam.

Participants paid attention to problems on tax policies, environment protection, export and import, investment in processing zones, and wage control.

According to Nguyen Ba Cuong, Deputy Director of FIA, the country has attracted more than 15,000 FDI projects with total registered capital of more than US$218 billion until June 2013.

Japan ranks first among countries and territories investing in Vietnam with 1,990 projects worth US$33 billion. Japan’s investment capital accounts to 50 percent of foreign investment capital in Vietnam until 2012.

By Dinh Ly – Translated by Kim Khanh

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