An independent survey conducted by the Mizuho Research Institute in Japan states that Japanese manufacturers are keen to use Vietnam as an export base for textiles and other products. The development was preceded by Vietnam signing the Trans Pacific Partnership (TPP), which is expected to ease export-import restrictions in Vietnam.
Around 43.8 percent of the respondents of the survey stated that they wish to invest in ASEAN countries. Among the ASEAN countries, nearly 53.5 percent of the respondents wished to focus on Vietnam. This marks a 4.9 percent increase when compared to figures from the survey conducted in 2015. Among the signatories to the TPP, 12.8 percent of the respondents earmarked Vietnam for expanding investments.
The survey is clearly reflective of the preference that foreign investors are developing for Vietnam. Agreements such as the TPP are further expected to boost Vietnam’s ability to attract investments. Trade analysts believe that the easing of export-import restrictions will also contribute significantly to Vietnam’s economic growth in the coming months.
Source : http://www.vietnam-briefing.com
Keyword : Japan, Manufacturers Keen to Use Vietnam, as an Export Base.
