PSNews - At least 70 per cent of Japanese businesses in Vietnam intend to boost their investment in the country, a Japanese business representative has said at the Japan ICT Day 2019 in Danang
|Delegates attends the event.
The central coastal city of Danang and the Japanese companies have worked together on digital transformation and attract investment from Japan through the Japan ICT Day, which opened in Da Nang on October 22.
Da Nang now has more than 3,800 companies specializing in software, digital content, and IT services, whose total revenue amounted to nearly 700 million USD last year. The city’s 38 universities recruit 3,500 students annually.
Le Trung Chinh, Vice Chairman of the municipal People’s Committee, said: “I hope that Japanese and Danang ICT companies will exchange ideas and contacts to open new opportunities for investment cooperation. Danang has welcomed an increasing number of Japanese entrepreneurs, who came to learn about our investment environment and seek to unlock new potential.”
Takeo Nakajima, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi, cited an annual survey by the organisation as saying that about 70 percent of Japanese firms operating in Vietnam said they are planning to expand business in Vietnam and Southeast Asia.
In 2018, 248 Japanese enterprises invested in the field of IT in Vietnam, making up 8 percent of the total amount of Japanese investment in the country, he said.
According to Junko Kawauchi, Vice President for Global Affairs of the Japan Information Technology Services Industry Association (JISA), as of June 2019, Japan had lacked about 781,000 IT engineers and up to 95 percent of Japanese firms said they are interested in employing Vietnamese engineers.By Thien Minh