More and more Japanese investors are looking towards the Vietnamese agricultural sector as a profitable market. Japan and Vietnam have been cautiously opening their sea ports to one another over the last few years. The trial partnership began with Japan allowing Vietnamese mangos to enter the country. This yielded positive results for both nations, and ushered in a further motion to export Japanese apples to the Vietnamese market. With the closing of 2015, 25 tons of apples were imported to Vietnam, and the consumers responded once more in kind. Currently several other produce items, including rice, are being exported from Japan into Vietnam, and investors are showing an interest.
Investors Taking Note of Growing Industry
Several Japanese companies along with their investment capital have travelled to Vietnam to see what the climate is like for investing in development and growth in the agricultural industry. In fact 38 enterprises sought investment opportunities within the Vietnamese agricultural niche in 2015 alone. These numbers from the Japan External Trade Organization (JETRO) in Hanoi are a clear indication of the growing interest in this market as per the chief representative Mr. Atsusuke Kawada.
High-Tech Aids Agricultural Efforts
The flourishing produce market isn’t the only indication to investors about the potential opportunity in Vietnamese farming. In 2014 Fujitsu and FTP signed an agreement to partner up and bring smart technology into the fields for cloud computing crop growing that would surpass any expectations or projections from previous years. The Japan-Vietnam partnership is just another tell-tale sign that these two countries are bridging the gap for the greater good and yielding lucrative results.
A Promising Partnership
Japan is already a strong supporter of Vietnam, accounting for nearly one third of their total investors. $1.84 billion is invested annually into Vietnamese industries from Japanese investors. That makes up 8.1% of investments. Financial investments aren’t the only trending pattern that is growing between these two countries within the agricultural sector. Both Vietnam and Japan are recruiting experts in the farming industries to relocate to the other country to help educate and guide agricultural growth in an attempt to increase productivity across the industry by incorporating best practices that have proven successful in their home country.
Source: http://www.biznews247.com/
Keywords: Japanese, Investors, Set Sights, Vietnamese, Agricultural Market
