Vietnam – Japan investment connection trade webinar

September 9^th Hanoi, Vietnam Trade Promotion Agency (Ministry of Industry and Trade), Vietnam Trade Department in Japan, ASEAN – Japan Center (AJC) and Japan External Trade Organization in Hanoi (JETRO) co-organized Vietnam – Japan investment connection trade webinar with the aim to support Vietnamese enterprises in maintaining connection with Japanese enterprises and support local areas in enhancing investment promotion activities. The webinar involved the representatives of KOTRA, EUCHAM, industrial zones and more than 200 Japanese enterprises, who share the interest in investment in Vietnam. Gattaca Law Firm was invited to attend the Webinar from Hanoi site so as to answer the questions of Japanese investors about business market and Vietnamese’s current law regulation.

Mr. Vu Ba Phu – Director General of Vietnam Trade Promotion Agency (Ministry of Industry and Trade) and Mr.Takeo Nakajima – Chief Representative of Japan External Trade Organization in Hanoi (JETRO Hanoi) co-chaired the Webinar from Hanoi site.

Recently, Japanese enterprises have implemented many plans to diversify overseas supply chains to ensure demand for components for production. Japan has formed the supply chain of China, Korea, and Taiwan, and especially in recent years has been expanding to ASEAN countries, and Vietnam is considered a suitable country to join this supply chain due to the advantages of geographical location, infrastructure, human resources, legal environment and especially Vietnam is highly estimated for the good results of Covid-19 pandemic control.
Speaking at the webinar, Mr. Ta Duc Minh, Commercial Counselor of the Vietnam Embassy in Japan pointed out that the recent shift of Japanese investment into Vietnam. Japanese enterprises have been withdrawing their investment capital into China and expanding production supply chains in ASEAN countries, gradually shifting investment into Vietnam in some important industries. Representing enterprises and investors from Japan, Mr. Takeo Nakajima - Chief Representative of Japan External Trade Organization in Hanoi (JETRO) said that the economic growth of Vietnam in the region is confidential, because based on the data showing that most of the countries’ economies in the world are growing negatively due to the effects of the Covid-19 pandemic, Vietnam is still growing positively and that is a good sign for Japanese investors who want to invest in Vietnam.

 
Doctor-Lawyer Nguyen Thanh Nam (the leftmost person) attending the Webinar from Hanoi site.

To answer questions from Japanese enterprises about the business and investment environment of Vietnam and incentives for Japanese investors, Dr. Nguyen Thanh Nam - Director of Gattaca Law Firm (Gattaca Law) highlighted the advantages of the investment environment in Vietnam compared to neighboring countries such as Thailand, Malaysia.

On the side of local areas participating in the webinar, representatives of Vinh Phuc, Quang Ninh, Nghe An provinces also clarified more about the typical situation of each one of them, preferential policies and specific support for Japanese investors in case they may invest in one of them.

 
Another view of Vietnam – Japan investment connection trade webinar

In the coming time, Gattaca Law Firm will continue to co-operate with Vietnam Trade Promotion Agency (Ministry of Industry and Trade) and Japanese investment promotion organizations to support consulting and implementing related legal procedures for Japanese investors in the process of investment and business in Vietnam.

Phong Anh