Currently, Japan continues to be Viet Nam's most important economic partner. Regarding investment, Japan is the third largest foreign investor (FDI), with more than 5,000 investment projects in 57/63 provinces and cities in Viet Nam, with a total registered capital of nearly 70.97 billion USD (as of July 2023). Japanese investment in Viet Nam focuses mainly on the fields of processing industry, manufacturing, electronics, high technology, electricity production and distribution, real estate business activities, wholesale and retail, and mining...

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According to the survey results of on the status of Japanese enterprises investing abroad in the fiscal year 2022, conducted by the Japan External Trade Organization (JETRO), 60% of Japanese enterprises in Viet Nam have plans to expand their business operations within the next 2 years. Although the economy in 2023 still has to face many difficulties, 53.6% of Japanese businesses believe that the prospect of business profits in 2023 will improve significantly.

In the current trend of international integration in labor, social security and labor mobility, social insurance and health insurance policies for foreign workers in Viet Nam are one of the social security policies that the Government is paying special attention. Foreign workers in general and Japanese workers in particular, living and working in Viet Nam must be guaranteed the best rights and social security regimes. Implementing the Government's direction on bringing the Viet Nam-Japan Extensive Strategic Partnership to new heights, increasingly profound, substantive and effective in all fields, in recent years, Viet Nam Social Security always values and strengthens increasingly deep cooperation with Japanese partners in the field of social security.

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The results of a recent survey by Viet Nam Social Security with Japanese FDI enterprises in Viet Nam show that ensuring social insurance, health insurance and unemployment insurance for employees in general and employees working in FDI enterprises in particular is becoming increasingly important and urgent in the context of frequent fluctuation in labor markets and social security needs. Ensuring rights and social security regimes in the Japanese FDI enterprise sector is very important; in addition to ensuring and improving the quality of life for employees, it is also one of the factors that determine the Enterprise success through increasing labor productivity and improving competitiveness, contributing to promoting the country's socio-economic development sustainably. The simultaneous implementation of solutions to reform administrative procedures in recent times has brought practical benefits to participants in general and to Japanese FDI enterprises in particular. In particular, the implementation of the VssID-Digital Social Insurance application is a step that truly fits the administrative reform and digital transformation requirements of Viet Nam Social Security, bringing practical benefits to employees.

Also based on that awareness, Viet Nam Social Security always accompanies and is ready to share difficulties with FDI enterprises, including Japanese enterprises, through determination in solving social insurance, health insurance and unemployment insurance regimes for employees. Regimes and policies for employees are always guaranteed by the Viet Nam Social Security promptly and fully, helping employees feel secure in production, thereby contributing to promoting the development of each enterprise.