Vietnam a safe place to invest

(VOVWORLD) -Professor Ryo Ikebe of Japan’s Senshu University noted improvements in Vietnam’s economy and economic ties with Japan during an interview on the occasion of 45 years of diplomatic relations between the two countries. 

Ikebe, who formerly served as chief representative of the Japan External Trade Organisation (JETRO) in Hanoi, said Vietnam was once viewed primarily as an exporter of rice, coffee, tea, and seafood. Its export list has expanded now to manufactured items such as smartphones and automobile parts.

He said Vietnam has now joined the world’s industrial countries. Vietnam now belongs to the World Trade Organisation (WTO) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and is negotiating a free trade agreement with the European Union. As a result, Vietnam is increasingly seen as a safe place to invest, Ikebe said, citing investors who said VN’s trade policy is becoming more and more liberal.