Many Japanese firms plan expansion in Vietnam: JETRO poll

The rate is the highest in ASEAN and third in Asia-Pacific only after India and Bangladesh.

Another survey of JETRO also revealed Vietnam ranks only after the U.S. as a favorite destination for investment for Japanese companies.

JETRO said Japanese businesses’ expectation of higher revenue is based on the Vietnamese market’s current export expansion and growth potential.

Most small- and medium-sized enterprises in the group want to expand their activities in the non-manufacturing industry.

Also according to the poll, conducted in August and September last year, the prospect of business profit in Vietnam in 2022 recovered strongly after the Covid-19 pandemic, especially regarding the sectors of production - consumption and direct services.