Viêt Nam News published a report about the potential for Japanese investment in agriculture in Vietnam in July. It centered on the potential effects of the Trans-Pacific Partnership (TPP) for both countries. If the agreement is ratified, it will have impacts on a wide range of industries by effectively reducing import tariffs on many products.
The result of the upcoming United States presidential election will have direct bearing on what happens next with TPP ratification. According to the Viêt Nam News story, however, Japanese investors are already putting money into agricultural projects in Vietnam. Mori Mutsuya, quoted in the story, signaled the potential of the agriculture sector could impact coffee production.
Mutusya said, “For instance, our survey in Lâm Đồng found that if farmers replace coffee trees with flowers, their income will rise nine fold.”