The recent appreciation of the Japanese yen (JPY) against the U.S. dollar (USD) and Vietnam dong (VND) is likely to boost Japanese investments into Vietnam.

According to General Department of Statistics, by November 2001, the US had 22 projects in Vietnam with registered capital of US$82,184,000. By now, it has 129 projects with investment capital of over US$1 billion.

Vietnam remains a promising destination for foreign investors, including the U.S., thanks to its appealing investment environment, Deputy U.S. Trade Representative Demetrios Marantis said at a press briefing on June 10 in Hanoi.

Foreign direct investment (FDI) inflows to Vietnam are switching from manufacturing sector to service one, following its integration into the World Trade Organization (WTO), the Ministry of Planning and Investment (MPI) said.

The northern province of Quang Ninh is calling for more investments from the Japanese companies, according to an official from the provincial People’s Committee.

Vietnam Business Forum conducts an interview with Mr. Reggy Vermeulen - Deputy General Manager (International Sales and Marketing) of Dinh Vu Industrial Zone

Selective and directional attraction of foreign direct investment (FDI) capital requires an innovative investment promotion approach, higher quality and focus on transnational corporations to capture source technologies and on technology transfer and environmental friendly projects.

Major investors in Vietnam in the first quarter of 2010 included South Korea with 26.3 percent of total newly registered capital, Singapore with 7.1 percent, Slovakia with 5.2 percent, British Virgin Islands with 4.9 percent, Taiwan with 3.6 percent, and China with 1.4 percent. The United States has emerged to become the largest investor in Vietnam, accounting for 47.8 percent of total newly registered capital.