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Japanese science and technology enterprises keen on Vietnam

Released at: 15:18, 13/01/2018

Japanese science and technology enterprises keen on Vietnam

Photo: Ngoc Lan

Hanoi seminar hears of increasing interest in Vietnam from Japanese enterprises in the field of science and technology.

by Ngoc Lan

Vietnam is an attractive investment market for Japanese enterprises, especially in the field of science and technology, the “Connecting Vietnamese and Japanese Companies in the Field of Science and Technology” seminar, held in Hanoi on January 12 by the Japan External Trade Organization in Hanoi (JETRO Hanoi) and the Science and Technology Enterprises and Market Development Department.

The seminar aimed to promote cooperative exchanges between ASEAN and Japanese enterprises in the field of information technology, digital technology, and the Internet of Things (IoT) within the framework of the “ASEAN - Japan New Industry Development” project.

Mr. Hironobu Kitagawa, Chief Representative of JETRO Hanoi, told the seminar that investment by Japanese enterprises in Vietnam in the field of IT primarily focuses on the development of software systems. “In the wave of the fourth industrial revolution, new investment opportunities between Vietnam and Japan will arise in the future and this will bring benefits to both countries,” he added.

Japanese businessman Mr. Hiroyuki Ono, from ACA Investments Pte Ltd, said that Vietnam is an attractive investment destination in the region, surpassing Indonesia and Thailand. “Japanese companies are opening branches and building factories in Vietnam and we are even more active in finding partners and linking them with Vietnamese businesses,” he said.

Regarding Vietnamese startups, Dr. Le Thai Phong from the Foreign Trade University said that, in general, the development of a startup eco-system in Vietnam is satisfying the necessary conditions but still faces a host of obstacles. “In tax policy, although the government’s policy is very supportive, local governments sometimes make it difficult, requiring enterprises pay VAT on unnecessary items,” he noted.

Within the framework of the “ASEAN - Japan New Industry Development” project, Vietnam is the fifth country to have held a networking event. Similar programs were previously held in Bangkok, Jakarta, Manila, and Kuala Lumpur, and received positive feedback from participants.

Mr. Nguyen Van Truc, Director of the Center for Training and Supporting Technology Market Development, told the seminar that the Ministry of Science and Technology (MoST) held a meeting in 2017 to prepare plans for 2018, where the Prime Minister and Deputy Prime Minister commented on the management and implementation of the plan, focusing on development, technology transfer, and innovation for national development.

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