The rate of Japanese enterprises in Vietnam forecast to be profitable in 2022 is 59.5 per cent, up 5.3 percentage points compared to 2021, according to a survey on Japanese investment in Asia and Oceania 2022 conducted by the Japan External Trade Organization (JETRO) in Vietnam.

The main factor behind the rising profits in Vietnam, in both manufacturing and non-manufacturing sectors, is the country’s strong recovery from Covid-19.

Many enterprises said business this year has improved compared to last year largely due to the strong recovery, especially in consumer goods manufacturing and the service industry.

However, some said they face difficulties in purchasing raw materials due to higher labor and logistics costs, the survey found.

Sixty per cent of Japanese enterprises intend to expand their investment in Vietnam over the next one or two years, up 4.7 percentage points from the previous year and the highest among Southeast Asian countries.

Khanh Vy

Source: VnEconomy

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