Vietnam, with its young demographic, growing incomes and large population, is considered a hugely promising market for retailers.
To lure more foreign investment in infrastructure, Vietnam needs to have a clear public-private partnership (PPP) framework.
The Japan International Cooperation Agency is pledging continued aid to infrastructure and other projects in Vietnam, also expressing concern about the slow disbursement of funds it has already committed to projects.
AEON sees huge potential in Vietnam and expects to expand investment in the country with its fifth shopping and entertainment complex in Hanoi’s Ha Dong District, said the CEO of AEON Vietnam and South East Asia.
Japanese retail group Aeon has inaugurated a shopping mall in Hanoi’s southwestern district of Ha Dong, making it the second Aeon Mall in the Vietnamese capital city.
Hanoi wants to borrow VND30.57 trillion ($1.32 billion) in official development assistance (ODA) to construct a downtown metro section.
Toyoda Gosei Co. Ltd. of Japan announced on November 13 that it will increase its production of airbag in Vietnam by 1.5 times to meet the increasing demand in the world.
UNIQLO, a Japanese casual wear retailer, on November 5 officially announced its arrival in Vietnam with the brand’s first store, UNIQLO Dong Khoi, to open in Ho Chi Minh City’s District 1 on December 6.
New investments worth billions of US dollars from Japan are expected to be poured into Vietnam in the time to come, creating a new Japanese investment surge in the Southeast Asian nation.
Vietnam’s retail market grows at an annual rate of 10.9% in the 2013-2018 period, with most leading names in the market come from South Korea and Japan, ranging from convenience stores, department stores to e-commerce.
Newly-opened five-star hotel in center of Hanoi offering Japanese service experience.
Major Japanese enterprises are developing a number of large-scale projects in Binh Duong Province, making Japan the province’s top foreign investor with the most pledged capital, at US$482 million out of US$2.4 billion.
The highway project connecting Ho Chi Minh City to Long Thanh International Airport would be key to address traffic congestion and support economic development.
Japanese companies with abundant expertise in many fields such as banking, insurance, construction, logistics, accounting, graphic design, among others, are expected to have greater opportunities in Vietnam’s market.
The southern province of Ba Ria – Vung Tau is working to draw more investment from Japan as it defined the country as one of its future strategic investors, said the provincial Department of Planning and Investment.