Muji’s presence in Vietnam also shows that the Vietnamese market’s potential is still large. Recently, Muji opened the first store which is said to be the largest in Southeast Asia, with a total area of ​​more than 2,000 square meters, a catalog of more than 5,000 items ...

Mr. Tetsuya Nagaiwa, General Director of Muji Vietnam said that opening the first store with a large-scale form to demonstrate the company’s ability to supply goods, build an image and serve an existing market. many prospects like Vietnam.

"This is one of the most potential retail markets in the world today. With a stable economy, continuously growing, a young population, the average income is constantly increasing and the standard of living is increasing." It is not surprising that Vietnam has been attracting the attention of many investors, "he said.

In addition to Muji, many other Japanese enterprises are also promoting investment in Vietnam. Photo: Internet

In addition to Muji, many other Japanese enterprises are also promoting investment in Vietnam. Recently, Japanese Ambassador, Mr. Shinichi Asazuma wished Thanh Hoa province to continue improving the investment environment; create favorable conditions for Japanese businesses to explore investment opportunities; At the same time, the province should pay attention to vocational training for workers to meet requirements from Japanese businesses.

In the recent meeting, Director of Trade Promotion Department Vu Ba Phu affirmed that Japan is always one of the countries investing in Vietnam in terms of both number of projects and total investment capital. The wave of Japanese investment into Vietnam is constantly increasing in both the number of enterprises and investment capital.

Specifically, in 2018, Japan leads the country investing in Vietnam with 8.59 billion USD, accounting for 24.2% of the total investment capital among 112 countries and territories having investment projects in Vietnam. Male.

By the end of 2019, more than 2,000 Japanese enterprises invested in Vietnam and FDI inflows from Japan continued to increase strongly. Photo: congthuong

By the end of 2019, more than 2,000 Japanese enterprises invested in Vietnam and FDI inflows from Japan continued to increase strongly.

"Accumulating FDI attraction by the end of 2019, Japan ranked second with a total registered capital of 59.3 billion USD, accounting for 16.7%. This shows that Japan is always an investment partner. Vietnam’s importance after 47 years of establishing diplomatic relations ", Mr. Vu Ba Phu emphasized.

The Jetro survey of Japanese enterprises investing in Asia and Oceania in February 2020 showed that 63.9% of Japanese enterprises doing business in Vietnam would continue to expand their business. This is the highest rate in Asean and 3rd in Asia and Oceania region.

The M&A wave in Vietnam is still hot

In the middle of the year, the Japan Trade Promotion Organization (Jetro) announced a list of 15 enterprises in this country (out of a total of more than 100 companies registered for the supply chain diversification project) receiving subsidies for production from China to Southeast Asian countries, such as Vietnam, the Philippines, Malaysia, Thailand, Laos.

Half of this list is for companies that have registered to move to Vietnam, including large, small and medium-sized enterprises, in which many big names choose to invest in the production of protective gear, products for medical.

According to experts, the Vietnamese market has great potential to attract Japanese enterprises to invest in production expansion. Photo: xuatkhaulaodong

According to experts, the Vietnamese market has great potential to attract Japanese enterprises to invest in production expansion. Not only large enterprises, corporations, but now Japanese small and medium enterprises are also increasing investment promotion in Vietnam. Japanese businesses tend to invest in other localities instead of focusing only in Hanoi and Ho Chi Minh City as before. Most recently, Japanese businesses have come to Thanh Hoa to prepare for investment.

The M&A wave in Vietnam has stalled at the beginning of the year due to COVID-19. As expected, M&A activities in Vietnam can recover from mid-2021, bringing the market size back to the normal level of 5 billion USD.

It is forecasted that the trend of M&A of Japanese companies in Vietnam will continue to be active. According to the number of transactions in 2020 to the end of October, Vietnam is the 5th destination in the world in terms of number of transactions (21 deals), in which the growth rate of M&A transactions between Vietnam and Japan is close to Here, Vietnam can start to compete with the UK at No. 2.

From the Japanese perspective, Japanese companies currently have very few jobs in a market like Thailand, with around 5,500 Japanese firms in the country and too late to enter. Regarding Myanmar, there are only less than 400 Japanese companies and conservative Japanese investors still have to wait to consider the appropriate time.

Meanwhile, Vietnam has about 2,000 Japanese companies, will continue to attract by 6 factors. As is well known, the new Japanese Prime Minister, in strict accordance with his predecessor’s policy, chose Vietnam as a destination during his first visit outside of Japan.