Japanese companies continue to invest in Vietnam's agricultural sector

The number of Japanese companies starting to invest in Vietnam has increased and the ones already in the country want to increase their investment.

 

 

 

In the first nine months of this year, 48 Japanese companies invested a combined capital of $ 270 million in the Vietnamese agricultural sector.

 

 

 

According to Japan International Cooperation Agency (JICA), the number of Japanese companies conducting market research to start investing in Vietnam has increased. Additionally, according to a JETRO study (Japan External Trade Organization) nearly 70% of Japanese companies want to increase their investment in Vietnam, especially in agriculture.

 

 

 

For JETRO, Vietnam has many advantages to attract Japanese companies. Significant consumer demand, stable economic growth and low labor costs. In addition, the country has enormous potential for high-tech agriculture. Japanese companies are developing projects in the livestock sector, rice growing and fruit and vegetable growing.