Vietnam Courts Japan's Top Investors to Fuel High-Tech Growth and Trade
Vietnam is bolstering economic ties with Japan, aiming to attract top-tier investment and accelerate growth. Prime Minister Pham Minh Chinh recently urged the Japan Chamber of Commerce and Industry (JCCI) to boost investments, emphasizing Vietnam's commitment to a stable and transparent business environment.
With Japan already one of Vietnam's largest foreign investors—with 5,722 active projects valued at US$78.9 billion as of January 2026—the push comes as both nations seek to strengthen cooperation in technology, green energy, and high-value manufacturing.
Prime Minister Chinh underscored the importance of technology transfer and support for Vietnamese firms to integrate into Japanese global supply chains. He also called for robust collaboration in human resources development, highlighting Vietnam's efforts to upskill workers for high-tech industries.
Japanese businesses lauded Vietnam's reform initiatives and expressed eagerness to expand operations. Companies like Toshiba Asia Industrial Products are already investing in automation and green technologies, though specific details on new projects since early 2026 remain confidential.
Vietnam is homing in on key sectors such as semiconductors, digital transformation, clean energy, and high-tech agriculture. The government is striving to create a business-friendly environment that encourages long-term, high-quality investments. Two-way trade between the two nations surpassed $51.43 billion in 2025, underscoring their burgeoning economic alliance.
The country has set ambitious targets: double-digit economic growth between 2026 and 2030, followed by upper-middle-income status by 2030 and high-income status by 2045. To achieve this, Vietnam is fine-tuning policies to ensure stability and predictability for investors, treating investor confidence as a strategic priority.
Vietnam's drive for deeper Japanese investment aligns with its broader economic objectives. By enhancing skills, embracing advanced technologies, and fostering innovation, the country aims to ascend the value chain. The partnership with Japan will be pivotal in driving sustainable growth and industrial modernization in the coming decades.
