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Stronger JPY to Boost Japan Investments in Vietnam

Posted on 28 July 2010

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The recent appreciation of the Japanese yen (JPY) against the U.S. dollar (USD) and Vietnam dong (VND) is likely to boost Japanese investments into Vietnam. One USD is now against just JPY88.7, compared to JPY180 or even JPY300 in previous years

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Stronger JPY to Boost Japan Investments in Vietnam

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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making