According to Mr. Kawaue Junichi (Consulate General of Japan in Ho Chi Minh City), the investment environment in Vietnam has seen more and more positive changes such as stable politics, high quality human resources, and tax and customs procedures have been less cumbersome, many administrative procedures have been cut, saving costs and time for foreign investors to enter Vietnam, especially Japanese enterprises.
On 18 / 12 / 2018, leaders of Ho Chi Minh City People's Committee and other departments had a meeting with Japanese enterprises to discuss the investment environment. Most Japanese enterprises agreed that HCM City in particular and Vietnam in general had many remarkable changes.
Japanese enterprises choose Ho Chi Minh City as a long-term development destination
As of June 30, 2012, Japan is currently the fifth largest investor in the city with valid projects with total investment, total investment of nearly USD 200 billion. Compared to the year of 11, there were more than 30 new registered projects and more than US $ 200 million of investment capital from Japan.
In year XNXX, there are new content incurred, most of them are related to tax, customs and 2018. The content re-assesses the issues of the years 16 - 22.
Previously, "Regarding unofficial fees, the City Customs Department requested that the association work directly with the Department, if there is a situation in which the enterprise has to" join hands "when performing the procedures. This has a strong effect and has changed the image of the city for foreign businesses ”. The representative of the Japan Business Association in Ho Chi Minh City also emphasized that the issue of unofficial costs that existed in the past, nowadays, the association no longer receives any complaints about the issue. This issue when doing tax procedures, customs procedures ... A good environment is always an attractive destination for Japanese investors as well as investors from other countries.
Good investment environment reform along with the open investment environment, along with the objective difficulties from other markets, many Japanese investors have been shifting their investments to Vietnam. In 2018, Japanese enterprises tend to choose Ho Chi Minh City as a long-term investment destination for projects in construction, environment, education, etc.
Clear and transparent policies are essential conditions
However, in order to "catch the wind" of Japanese investment shifting from other countries, as well as new investment, Vietnam needs to improve a more open, more open, and transparent investment environment, helping Vietnam become better. a land rich in development potential
In addition, according to the Consulate General of Japan, the Japan Business Association in Ho Chi Minh City, the city has solved many difficulties and problems for businesses, but some problems still remain. The Japanese side hopes to receive more support from city leaders and departments.
Mr. Le Thanh Liem, Vice Chairman of Ho Chi Minh City People's Committee said that Ho Chi Minh City highly appreciated the investment efficiency of Japanese enterprises. The city hopes that Japanese enterprises will continue to trust and choose the city as an attractive investment destination in expanding production and business activities, benefiting both sides.
See more: Inaugurating an industrial zone for Japanese enterprises in Can Tho
