The chassis welding line at Toyota Vietnam Auto Company in Vinh Phuc. (Photo: VNA)

Chief representative of the Japan External Trade Organization (JETRO) in Hanoi, Takeo Nakajima, told the Vietnam-Japan Investment Connection Conference on Wednesday that until 2019, FDI inflows to Vietnam had steadily increased. Many global companies, including those from Japan, have raised their investment in Vietnam.

However, since the start of the year, FDI inflows to Vietnam have suffered from the impact of the COVID-19. Takeo Nakajima said rapid recovery of FDI inflows into Vietnam is possible thanks to the Vietnamese government’s policies to attract foreign companies and promote their activities, including those of Japan. Besides, Vietnam has joined many free trade and economic partnership agreements as well as participating step by step in global supply chains, he noted.