Japanese enterprises in Vietnam continued expanding their operation in 2006 with the number of local employees posting a double digit increase, a local newspaper said.
Japanese investors have increasingly focused on the attractive market as the number of Vietnamese employees working in Japanese companies rose by 12.4% over 2005, Nihon Keizai newspaper reported on Feb. 19.
The paper attributed the trend to the country's low labour costs compared to other markets.
It is estimated that the average wage in Vietnam would be still lower than other countries and territories in 2007, creating a strong competitive edge for the investors, said the paper.
Source: VNA
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