Japanese Enterprises: The most attractive Vietnamese real estate market in Southeast Asia

VNA - April 9, Mr. Yoshinori Nakata, Director of Global Link Cooperative of Japan, affirmed Vietnam's most attractive real estate market in Southeast Asia.

Mr. Yoshinori Nakata, Director of Global Link Cooperative of Japan attended the conference. Photo: Thanh Huu - VNA reporter in Japan

In an interview with Vietnam News Agency reporter on the sidelines of the Investment Promotion Conference of TMS Group in Osaka, Mr. Nakata said: “Not only Vietnam, countries like Cambodia and Indonesia and some countries in Asia, the market is not Estate is very developed.

However, in my opinion, Vietnam is the most attractive market ”. Explaining his judgment, this businessman said that one of the main reasons making Vietnam real estate market become attractive to foreign investors is that Vietnam has a safe and stable investment environment.

Mr. Nakata said 10 years ago, he started business cooperation in Vietnam. Currently, Vietnam is developing very much with many high-rise buildings being built. The real estate sector here is growing to become the No. 1 investment channel.

Sharing the same view, Kako Sasai, Head of Business Information Division of Japan Trade Promotion Organization (JETRO), said foreign investment into real estate in Vietnam could increase in the near future.
 

Ms. Kako Sasai, Head of Business Information for Japan Trade Promotion Organization (JETRO). Photo: Tung-Huu / VNA reporter in Tokyo

Ms. Sasai said that from 2016 to 2018, investment from Japan into Vietnam has increased rapidly. In fact, companies investing in Vietnam have increased sharply, leading to a rapid increase in office and housing demand. This is an opportunity for real estate development.

Ms. Sasai emphasized that most Japanese enterprises investing in Vietnam have evaluated Vietnam very rich, bringing good and stable profits.

In particular, in the coming time, when large projects in the North Central region of Vietnam and high-speed highway projects are put into operation will continue to be favorable conditions for Japanese investors develop their cooperation in Vietnam market.
 

Many businesses and Japanese investors attended the conference. Photo: Dao Tung - VNA reporter in Japan

According to a recent survey of JETRO, Japan's direct investment in Vietnam has continuously increased in the number of businesses and investment capital.
70% of Japanese enterprises in Vietnam plan to expand their business in the near future and 88% expect that revenue in this market will increase in the future.
According to Ms. Sasai, both the Government and Vietnamese enterprises have focused on attracting investment. Therefore, foreign companies investing in Vietnam will increase.
"Not only real estate, other areas are likely to have a strong wave of investment into 
Meanwhile, Mr. Toru Tomita, General Director of O.M.NET Cooperation Business Association - a union based in Osaka, said Vietnam is a young country with abundant and very attractive labor resources. In the future, there will continue to be a lot of Japanese businesses come to invest.
Regarding the real estate market in Vietnam, according to Mr. Tomita, Vietnam currently has many real estate companies with very large volumes of products. However, the potential in this area is still very large.
 

Overview of the conference. Photo: Tung-Huu / VNA reporter in Tokyo

The conference on Investment Promotion in Osaka is an activity in the series of events organized by TMS Group to introduce the investment environment in Vietnam, while seeking potential partners who can cooperate in the projects. real estate projects that this group is about to deploy in Vietnam include:

TMS World Binh Thuan in Binh Thuan Province, TMS World Quang Binh in Quang Binh Province, TMS World Thai Nguyen in Thai Nguyen Province, TMS Metropolis Bac Giang in Bac Giang Province or TMS Green Diamond in Vinh Phuc Province.

TMS World Binh Thuan in Binh Thuan Province, TMS World Quang Binh in Quang Binh Province, TMS World Thai Nguyen in Thai Nguyen Province, TMS Metropolis Bac Giang in Bac Giang Province or TMS Green Diamond in Vinh Phuc Province....

“As for the Consulate General, we will continue to support and accompany Japanese businesses in the process of understanding, preparing and implementing business investment plans in Vietnam”, Mr. Hai affirmed.

Concerning TMS Group, Mr. General Consulate Vu Tuan Hai said that TMS Group is a company that has traditionally cooperated with Japan during the past 15 years.
This group has become a reliable partner of leading Japanese corporations such as Toyota, Canon, Panasonic and is one of the leading prestigious real estate development units in Vietnam market.

The General Consulate also expressed his belief that TMS Group will be a bridge between Vietnamese and Japanese businesses in such fields as real estate, education-training, trade-translation. service, health care, high-tech agriculture.

Established in 2004, TMS Group started its business in the field of Education Currently, TMS Group is a multidisciplinary economic group with dozens of member companies and many representative offices throughout provinces and cities throughout the country and in some countries in the region such as Australia and Japan. By early 2019, TMS Group had a team of more than 6,000 employees and experts./.

(According to VNA)