Japanese businesses eye investment in Vietnam agriculture

Participants to the event were representatives of 45 Japanese enterprises, operating in the areas of agriculture, farm produce processing, and agricultural machinery manufacturers who are eagering to learn about investment opportunities in Vietnam. 

Local enterprises at the event were provided with the latest information on Vietnam’s economic development situation, its policies on hi-tech agriculture growth and investment attraction in the field, as well as information on other general investment and business opportunities in Vietnam.

They spoke highly of the potential in investment and business opportunities in the Southeast Asian country, especially in the context of the establishment of the ASEAN Economic Community (AEC) and the participation of Vietnam in bilateral and multilateral trade agreements such as the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP).

According to Japan’s leading bank Sumitomo Mitsui (SMBC), Japanese and Vietnamese enterprises should form business affiliations in accordance with food value chains from production to processing, sales and exports.

The participating enterprises to the event will take a working tour to Vietnam’s provinces of Ha Nam and Lam Dong between July 5-12.