Hoa Nguyen, ANT Consulting
A leading Japanese company is preparing to build a factory in Vietnam. It is Fuji Xerox. Although they make investment through , based in Singapore, but the fact that a Japanese brand continue to choose Vietnam as an investment destination has contributed to confirm the trend of investing in Vietnam of Japanese investors.
Under newly plans announced last week by Fuji Xerox, factory producing multifunction colour devices and printers that uses light-emitting diode technology (LED), with an expected production capacity of 2 million units each year, invested 9 billion yen (100 million USD) will be constructed in January 2013 at the VSIP industrial park (Hai Phong) and came into operation in November 2013.
” We chose Vietnam because Vietnam has made solid progress in the process of industrialization. Vietnam also has many other advantages, such as network-wide traffic, connecting China and ASEAN countries, facilitating beneficial for Fuji Xerox to establish the supply chain, “said Mr.Hitoshi Fujiwara, executive vice president of Fuji Xerox.
Not only Fuji Xexox, recently, there are many Japanese companies have chosen Vietnam as the place to invest.
The data collected by the Foreign Investment Department (Ministry of Planning and Investment) showed that, from the beginning of the year, Japan leads with total newly registered capital and increased capital of 5.05 billion USD, accounting for 41, 5% of total investment in Vietnam in the first 11 months of 2012. In particular, the total investment of the top 10 largest projects of Japanese investors, as Tokyu Binh Duong (1.2 billion USD), Bridgestone (575 million USD), Lixil (441 million USD), Nipro Pharma (250 million USD), Kyoei Steel (184 million USD), Oshima Shipbuilding (180 million USD)… are up to 3.1 billion USD.
” The number of Japanese companies investing in Vietnam has doubled in six years; small and medium-sized projects, especially in the manufacturing sector are increasing”, according to the JETRO’s recently published report.
(Source: Investment times)