Hanoi (VNA) - About 64 percent of Japanese enterprises plan tocontinue expansion of their business in Vietnam due to its favourableinvestment environment.

Chief Representative of Jetro Hanoi Takeo Nakajima presented the figure as partof the Japan External Trade Organisation (Jetro)'s survey on Japaneseinvestment in Asia and Oceania 2019 to Deputy Minister of Industry and Trade DoThang Hai at their meeting in Hanoi on February 6.

The Japanese enterprises will continue to expand their businesses in Vietnambased on revenue growth, development ability, stable production and consumptionnetwork, low cost, labour resources, regulations and business procedures.

Takeo Nakajima was quoted by the Cong thuong (Industry and Trade) newspaper assaying: “The investment environment in Vietnam has many advantages for Japanesebusinesses, such as political and social stability, ideal living environmentfor foreigners and cheap labour costs."

According to this survey, 65.8 percent of Japanese enterprises doing businessin Vietnam have been profitable, especially the manufacturing sector, whichaccounts for 80 percent of profitable firms.

The number of newly established Japanese businesses has also increased in Vietnam./.