On the afternoon of January 26, in Hanoi, the Japan External Trade Organization (JETRO) announced a Survey on the current situation of Japanese enterprises investing abroad in 1.
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| Chief Representative of the Japan External Trade Organization, Representative Office in Hanoi (JETRO Hanoi) Takeo Nakajima at the survey announcement. (Photo: HT) |
At the survey announcement, Chief Representative of the Japan External Trade Organization, Representative Office in Hanoi (JETRO Hanoi) Takeo Nakajima said that Japanese businesses in Vietnam have an equal number of businesses. large enterprises and small and medium enterprises; between manufacturing and non-manufacturing industries.
The number of Japanese businesses in Vietnam expected to be profitable in 2023 is 54,3%, this rate is 6,6 points lower than the ASEAN average. JETRO said the cause was a decline in domestic and foreign demand; Labor costs and raw material purchasing costs increased.
Regarding business profit expectations in 2024 compared to 2023, the number of Japanese businesses responding to improvement is 50,4%, of which many companies are hoping for improvement thanks to recovery in 2023.
In particular, the proportion of Japanese businesses reporting business expansion in Vietnam is 56,7% (down 3,3 points compared to 2022). Although expansion ambitions remain high, according to the survey, Vietnam is the only country among the six key ASEAN countries whose expansion rate decreased compared to the previous year.
Besides, according to JETRO's survey results, the rate of on-site purchasing increased to 41,9% and purchasing from local companies increased to 17,2%. JETRO believes that Japanese businesses still have high motivation to promote on-site purchasing activities, and at the same time expects further training and development for supporting industries.
In addition, Japanese businesses in Vietnam are also making efforts to reduce greenhouse gas emissions, at a rate of 34,4%; At the same time, Japanese businesses have increased salaries by an average of 5,6%, the salary is at the average level in the region, but the increase rate is among the highest.
The point worth noting is the issue of human resources. JETRO's survey said that in Vietnam, 42,7% of Japanese businesses said they were facing the problem of shortage of human resources.
In particular, by industry, the rate of human resource shortage in non-manufacturing industry is 45,2%; More than 60% of businesses in the retail, information and communication, finance, insurance, education, and healthcare industries are facing a shortage of human resources.
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| The number of Japanese businesses in Vietnam expected to be profitable in 2023 is 54,3%. (Source: Daikin) |
Along with that, the survey also shows that there is a serious shortage of management positions requiring experience and expertise, and IT personnel; The labor shortage rate at factories across Vietnam alone is 49%. JETRO emphasized that this shows that there is competition for human resources in the context of a series of large-scale investment projects in the manufacturing industry.
Responding to the press at the survey announcement, JETRO representatives still highly appreciated the investment environment and potential for cooperation between Japanese and Vietnamese businesses. "In the survey of parent companies in Japan, Japanese businesses still consider Vietnam as one of the second most attractive and potential markets, only after the US," Mr. Takeo Nakajima emphasized.
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Survey of the current situation of Japanese enterprises investing abroad in 2023 was conducted by JETRO through a questionnaire on the operating situation of Japanese enterprises investing in 20 Asian countries and territories. , Oceania. Of the 4.982 businesses that responded correctly, there are 849 Japanese businesses investing in Vietnam (the most in Asia and Oceania). Main survey content on business profit prospects; future business implementation plan; attractive and difficult investment environment; human resources and recruitment environment; exploit the domestic market; purchasing raw materials, spare parts and accessories; import and export situation; decarbonization efforts; human rights in supply chains and wages. |
