This report provides an updated overview of the presence and distribution of Japanese companies in industrial parks across Vietnam. Despite recent challenges in the investment environment, Vietnam remains a key destination for Japanese foreign direct investment (FDI). Drawing on data from B&Company, this article highlights the concentration of Japanese enterprises within key regions and industrial parks.

Overview of Japanese companies in Vietnam

Despite the global disruptions caused by the COVID-19 pandemic, Japanese companies have continued to maintain and even expand their operations in Vietnam from 2020 through 2023. However, in 2024, Japanese FDI into Vietnam declined by over 48%, totaling approximately USD 3.5 billion. This decline is largely attributed to increased awareness among Japanese investors of certain limitations in Vietnam’s investment environment[1]. Nevertheless, Japan remains a major investor, ranking third in newly registered FDI capital in Vietnam in 2024, accounting for 9.2%, following Singapore (26.7%) and South Korea (18.5%).

Additionally, according to a survey by the Japan External Trade Organization (JETRO), the percentage of Japanese companies planning to expand operations in Vietnam increased from 47% to 57% between 2020 and 2023. This upward trend confirms Vietnam’s continued appeal as a manufacturing and investment hub for Japanese enterprises.

Percentage of Japanese companies planning to expand operations in Vietnam, 2010-2023

Unit: %

Source: Jetro

30% of Japanese companies are located in industrial parks

B&Company’s enterprise database reveals that by 2023, over 3,200 Japanese companies were operating in Vietnam, making up more than 15% of all FDI enterprises in the country. Notably, around 30% of these Japanese companies are located within industrial parks. Among Japanese companies situated in industrial parks, the majority are concentrated in:

– Southeast Vietnam (48%) – including Ho Chi Minh City, Dong Nai, and Tay Ninh

– Red River Delta (42%) – including Hanoi, Hai Phong, and Hung Yen

These regions offer strategic advantages such as modern infrastructure, proximity to seaports, and access to a skilled labor force—particularly attractive to high-tech manufacturers in electronics, automotive components, and precision engineering.

Japanese companies in the industrial park by region in 2023

100%= 1,069 companies

Source: B&Company enterprise database

Top 10 provinces with the highest concentration of Japanese companies in industrial parks in 2023

Unit: company

Source: B&Company enterprise database

Additionally, Japanese companies often prioritize setting up their facilities in Japanese-invested industrial parks. These industrial parks offer ecosystem advantages and high standards for infrastructure and environmental compliance. Since the 1990s, numerous Japanese-invested industrial parks have been developed, especially in provinces like Hanoi, Hung Yen, and Ho Chi Minh City. Prominent Japanese corporations such as Canon, Panasonic have established major manufacturing bases in these industrial parks.

List of Popular Japanese Industrial Parks in Vietnam for Japanese companies

(for the full list of industrial parks, please contact B&Company)

Source: B&Company enterprise database

Leverage B&Company industrial park data for business success

B&Company is the first Japanese company specializing in market research in Vietnam since 2008. With a database of over 1,000 Japanese companies across 170+ industrial parks in 23 provinces (post-provincial merger updates) in Vietnam, we offer a various kind of services from industrial park reports to business matching services and market entry consulting:

Example list of Japanese companies in industrial parks in Vietnam

(for the full list, please contact B&Company)

Contact B&Company to gain access to exclusive data and tailored market insights that unlock growth opportunities within the Japanese companies in industrial parks in Vietnam.

[1] https://vnexpress.net/doanh-nghiep-nhat-than-thu-tuc-o-viet-nam-phuc-tap-4841746.html

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