Vietnamese businesses explore investment opportunities in Japan
Many Japanese small and medium-sized enterprises (SMEs) are struggling to find successors, creating opportunities for M&A and investment cooperation. This is opening up new opportunities for Vietnamese businesses in the Japanese market.
Vietnamese businesses are exploring investment opportunities in Japan, driven by the challenges faced by Japanese SMEs in finding successors. This trend was highlighted at a business networking event between the Ho Chi Minh City Association of Small and Medium Enterprises (HCM-SME) and the Vietnam Business Association in Japan (VJBA).
With SMEs making up about 98 percent of businesses in Vietnam and contributing significantly to the city's GDP and employment, there is a strong demand for market expansion, technology, and management expertise. Tong Thi Kim Giao, Chairwoman of the Vietnam Business Association in Japan, pointed out that Japan has around 3.57 million SMEs, many of which are struggling to find successors due to an aging population and a reluctance among younger generations to take over family businesses.
Despite the challenges, there are significant opportunities for Vietnamese businesses to gain access to Japanese markets, technology, and management expertise, while Vietnamese products and human resources could find a foothold in Japan.
Brief written by urgent.news from SGGP English Edition Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
