71.6% of Japanese firms eye expansion in Bangladesh | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
July 16, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JULY 16, 2025
71.6% of Japanese firms eye expansion in Bangladesh

Economy

TBS Report
30 August, 2023, 04:35 pm
Last modified: 30 August, 2023, 10:17 pm

Related News

  • 29% of youth looking for a job for over two years
  • Young population say Awami League may get 15% of vote if allowed to contest in national election: Survey
  • Young population believe BNP to get 39% of votes, Jamaat 21%, NCP 16% in national polls: Sanem survey
  • More than half of Bangladesh's agri land economically unsustainable: BBS survey
  • Unsafe workplaces claim 422 lives in six months: Survey

71.6% of Japanese firms eye expansion in Bangladesh

TBS Report
30 August, 2023, 04:35 pm
Last modified: 30 August, 2023, 10:17 pm
Photo: Collected
Photo: Collected

Japanese enterprises maintain a positive outlook on Bangladesh's burgeoning economic prospects, with an impressive 71.6% of companies currently active in the country expressing a strong inclination to expand their operations over the next one to two years.

According to a survey conducted by the Japan External Trade Organization (Jetro), in terms of business expansion, Bangladesh ranks second after India at 72.5% among the countries in the Asia and Oceania regions where Japanese companies have operations.

The survey unveiled on Wednesday at a programme in Dhaka said 44.4% of the companies think expansion is their approach to future business activities in the next one or two years.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Jetro conducted the survey from 22 August to 21 September 2022, and responses from nearly 4,392 companies (almost 31% of Japanese firms in this region) were considered, said Yuji Ando, country representative of Jetro.

Some 214 Japanese companies that are present in Bangladesh also took part in the survey.

Also, 61.8% of Japanese companies in Bangladesh expect their profits to increase in 2023.

"Business sentiment for Japanese companies in Bangladesh is rather high in the Asia and Oceania region. Especially, domestic market size and growth potential are high," finds the survey.

The report also says for competitive labour costs, Bangladesh has the second-highest ratio of export volume to total sales in the region. Local procurement is the key factor for reducing production costs, it says.

Like before, Japanese firms find the business environment a bottleneck in Bangladesh.

"From a comparative perspective (especially with ASEAN countries), it would be necessary for the business environment in Bangladesh to be improved by addressing the issues for Japanese companies in Bangladesh, especially in customs clearance procedures," it says.

The survey also mentions that as the utilisation rate of GSP facilities for Japanese companies in Bangladesh is high, trade agreements like the Economic Partnership Agreement (EPA) would be expected.

"By realising the competitive investment climate through EPA, Bangladesh would be the next investment destination for Japanese companies," said Yuji Ando.

Some 69.1% of the companies involved in trading in the whole region use a Free Trade Agreement (FTA), EPA, or Generalised System of Preferences (GSP). The actual utilisation ratio of GSP in Bangladesh is 72.7%, says the report.

"Trade agreements, like EPA, are significant for Bangladesh since Bangladesh is not eligible for GSP after LDC graduation," says the Jetro country representative in Dhaka.

Regarding the operating forecast for 2023 in the whole region, 43.3% of the companies expected an increase, while 12.3% expected a decrease.

In the ASEAN region, 44.9% of the companies forecast a profit increase, and 44.1% expect it to remain the same as the previous year.

Md Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry (MCCI), Lokman Hossain Miah, executive chairman of the Bangladesh Investment Development Authority, and IWAMA Kiminori, Japanese ambassador to Bangladesh, also spoke on the occasion.

Tetsuro Kano, president of the Japanese Commerce and Industries Association in Dhaka; Nihad Kabir, of the MCCI; Abdus Samad Al Azad, joint secretary (FTA-1), Ministry of Commerce; and Manabu Sugawara, vice president of the Japan Bangladesh Chamber of Commerce and Industries, were panellists during a panel discussion.

Bangladesh / Top News

JETRO / survey / Japanese companies / profit

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Screenshot from a video shows a moment of the clash between Awami League activists and law enforcers in Gopalganj on 16 July 2025
    AL activists clash with police following attack on NCP convoy in Gopalganj; Section 144 imposed
  • National Citizen Party (NCP) Convener Nahid Islam spoke at a rally held in Patuakhali today (14 July). Photo: UNB
    Will return to Gopalganj to eradicate Mujibism unless justice is ensured: Nahid
  • File photo
    Fakhrul condemns attack on NCP’s Gopalganj March, warns of renewed chaos post-Awami regime

MOST VIEWED

  • 131 foreigners were denied entry into Malaysia by their border control. Photo: The Star
    96 Bangladeshis denied entry at Kuala Lumpur airport
  • Double-decker school buses are lined up in a field in Chattogram city. The district administration has proposed modernising the buses to ensure security and convenience for school students. Photo: TBS
    Country's first smart school bus in Ctg faces shutdown amid funding crisis
  • Representational image. Photo: Collected
    Dollar gains Tk1.8 as BB buys at higher rates, lifting market floor
  • A file photo of people boarding the government-run Betna Express at a railway station. The train operates on the Benapole-Khulna-Mongla route via Jashore. Photo: TBS
    Despite profitability, Betna Express rail service handed over to pvt sector
  • Bangladesh Bank buys $313m more in second dollar auction in three days
    Bangladesh Bank buys $313m more in second dollar auction in three days
  • Infograph: TBS
    Ring Shine Textiles scam: BSEC imposes travel bans on 13

Related News

  • 29% of youth looking for a job for over two years
  • Young population say Awami League may get 15% of vote if allowed to contest in national election: Survey
  • Young population believe BNP to get 39% of votes, Jamaat 21%, NCP 16% in national polls: Sanem survey
  • More than half of Bangladesh's agri land economically unsustainable: BBS survey
  • Unsafe workplaces claim 422 lives in six months: Survey

Features

Abu Sayeed spread his hands as police fired rubber bullets, leading to his tragic death. Photos: Collected

How Abu Sayed’s wings of freedom ignited the fire of July uprising

18h | Panorama
Illustration: TBS

Open source legal advice: How Facebook groups are empowering victims of land disputes

1d | Panorama
DU students at TSC around 12:45am on 15 July 2024, protesting Sheikh Hasina’s insulting remark. Photo: TBS

‘Razakar’: The butterfly effect of a word

2d | Panorama
Photo: Collected

Grooming gadgets: Where sleek tools meet effortless styles

2d | Brands

More Videos from TBS

US proposes to cut funding to UN peacekeeping missions

US proposes to cut funding to UN peacekeeping missions

18m | TBS World
Attack on NCP march after rally in Gopalganj

Attack on NCP march after rally in Gopalganj

43m | TBS Today
NCP cannot be stopped by attacks: NCP leaders warn

NCP cannot be stopped by attacks: NCP leaders warn

1h | TBS Today
Police vehicle torched ahead of NCP's 'March to Gopalganj'

Police vehicle torched ahead of NCP's 'March to Gopalganj'

1h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net