Hironobu Kitagawa, Chief Representative of JETRO in Hanoi, said Vietnam-Japan cooperation, especially in economy, has recorded new strides. Japan is currently one of the leading economic partners of Vietnam. Its economy has been recovering from recession in recent years and will grow at a faster pace in the time ahead.

He said Vietnamese businesses have begun to invest or open affiliates and representative offices in Japan. However, the number of such firms remains modest, mostly because information about Japan’s business environment, advantages and potential has yet to reach enterprises in Vietnam.

Kitagawa stressed that Japan is a good investment destination because the country has a giant consumption market and has the third biggest GDP in the world. Communication and transport systems in Japan are developed, and in recent years, the Japanese Government has issued many investment attraction incentives such as reducing corporate income tax and streamlining procedures.

According to the JETRO official, Vietnamese companies which want to invest in Japan will be provided with free services after they finish registration procedures at the JETRO office. They will also be given free temporary office space fully equipped with internet, telephone and fax connections within 50 days of working at the Invest Japan Business Support Centres, located at the cities of Tokyo, Yokohama, Nagoya, Osaka, Kobe and Fukuoka.

Kitagawa said favourable conditions are offered to Vietnamese firms with intention to invest in Japan.