Japan's investment in Ho Chi Minh City in Vietnam has increased nearly 50 times over the past 20 years

Vietnam's Vietnam economy reported on December 15: Foreign Direct Investment (FDI) is the driving force to promote economic growth and structural adjustment in Ho Chi Minh City. By the end of November 2021, Japanese enterprises had invested 3218 projects in Ho Chi Minh City (including 1479 direct investment projects and 1739 indirect investment projects through the purchase of shares), which was 46.6 times that when the Ho Chi Minh City Japanese enterprise association was founded in 1998 (69). The total investment is nearly 7.42 billion US dollars, accounting for 10.4% of the total foreign direct investment in Ho Chi Minh City, ranking fourth among 116 countries / regions investing in Ho Chi Minh City.

According to the report, Japanese enterprises' investment in Huzhi city is mainly concentrated in processing and manufacturing, wholesale and retail, scientific and technological professional activities, real estate business, warehousing and transportation, communication and media, construction, hotel and catering business, health and social activities, education and training and other fields.

According to the report, Japan is the country that provides the most official development assistance (ODA) to Vietnam, the second largest source of foreign direct investment and the fourth largest trading partner of Vietnam. As of October 2021, there were 4765 effective projects invested by Japan in Vietnam, with a total registered capital of US $63.94 billion, ranking second among 141 countries and regions investing in Vietnam. The average scale of Japanese investment projects in Vietnam is 13.4 million US dollars per project, which is higher than the average level of 11.7 million US dollars per project in Vietnam.