Japanese businessmen have seen vast potential and are seeking to buildhigh-tech agriculture in Vietnam, Agricultural Attaché at the JapaneseEmbassy in Hanoi Atsuki Tomoyose said to the Investment Newspaper.

Japanese enterprises have their eyes on not only investmentopportunities but also on exporting their machinery and products toVietnam.

According to the diplomat, the intereststems from Vietnam’s favourable geological features and weather forgrowing crops in combination with an increasing domestic demand foradvancing their traditional sector. Its geographical location would alsofacilitate connections between Japan, the Southeast Asian region andChina.

At a recent meeting with topofficials from the Ministry of Industry and Trade, the giant Bank ofTokyo-Mitsubishi UFJ said Japanese firms intend to assist Vietnam withagricultural methods and techniques to maximize its production value.

The bank recommended trans-sector cooperation and compiling anational food safety protocol. They also offered to bring their clientsto Vietnam.

In October 2014, Fujitsu, a top ITservice provider in Japan, signed a cooperation pact with the FPT Group.Under the pact, Fujitsu will provide and implement Akisai, a cloudcomputing service supporting agriculture management, in the country from2015-16.

In May, two other Japanese firms,Always and Veggy, took a business trip to northern Vinh Phuc province,sharing their goal to supply fresh vegetables to Japanese restaurantsnationwide with an estimated first-year export revenue of approximately 1million USD.

The governments of Vietnam and Japanhave reached an agreement on a comprehensive plan to develop high-techagriculture in Vietnam to be implemented this year. The sides are alsoworking together to devise a medium- and long-term agribusinesscooperation project.-VNA