Japanese companies: Expansion into Vietnam: 2019 overseas expansion survey
International Economic Section
February 28, 2020
JETRO: Survey
On February 27, JETRO announced the results of the “Survey on Japanese Companies’ Overseas Business Development for 2019″.
The survey was conducted from November to December 2019 for 9,975 Japanese companies.
Received responses from 3,563 companies (including 2,990 SMEs, effective response rate 35.7%)
Business expansion destination: China retreats, Vietnam expands (see Figure 1)
In the future, we asked Japanese companies to expand overseas and / or ask Japanese companies to expand their business overseas (multiple answers).
Most respondents answered that China was 48.1%,
Vietnam (41.0%),
Thailand (36.3%) continued.
However, the percentage of companies including China dropped significantly from last year (55.4%).
On the other hand, Vietnam ranked second, surpassing 40% for the first time.
The difference from China narrowed from 19.9 percentage points in the previous year to 7.1 percentage points.
-JETRO
https://www.jetro.go.jp/biznews/2020/02/0b8d68935622e942.html
https://www.jetro.go.jp/news/releases/2020/ead10b5386ccd1e5.html