Vietnam is eying great opportunities in exporting aquatic products to the Japanese market thanks to the high level of openness of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to insiders.
Hanoi (VNA) –Vietnam is eying great opportunities in exporting aquatic products to theJapanese market thanks to the high level of openness of the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP), according toinsiders.
Nguyen Manh Dong, ThirdSecretary of the Vietnam Trade Office in Japan, said that apart from the Vietnam-JapanEconomic Partnership Agreement (VJEPA), the two countries have also joined othertrade deals such as the CPTPP and the Regional Comprehensive Economic Partnership (RCEP),which brings more chances for Vietnamese aquatic products in this market.
Japan’s commitments inthe CPTPP for aquatic products is high, including the exemption of 65% of the total tax lines and cutting the remaining in a roadmap of 6-16 years, headded.
The CPTPP allows Vietnamto import materials from 11 member countries to export to Japan with secured taxpreferences, he added, holding that the deal brings great advantages forVietnamese aquatic products in Japan in both origin and tax.
Currently, Japan isthe third largest market of the Vietnamese aquatic sector, with export revenuereaching 638.91 million USD in the first five months of this year, up 15.7percent year on year, accounting for 13.6 percent of the total export revenue ofthe whole sector.
However, the VietnamTrade Office representative reminded exporters to strictly follow food safetyregulations when exporting aquatic products to this choosy market to protecttheir interest and good image of Vietnamese fisheries sector.
He also adviseddomestic firms to try to keep their products’ price stable to win confidencefrom sensitive Japanese consumers./.
Vietnam has become a big supplier of agricultural products for the Japanese market and Asia in general, but ample room remains for the country to boost export to Japan, as Vietnamese goods now now account for only 3 percent of Japan’s total import value, heard a workshop on March 29.
The Ho Chi Minh City Handicraft and Woodworking Association (HAWA) plans to organise a session to give consultations to domestic businesses on exporting furniture and interior decorating products to Canada, a promising market for Vietnam, on June 7.
Seafood shipments overseas have risen in the first half of 2022, and experts say Tra fish exports can increase the market share in the EU, while that of shrimp has a lot of room for growth in Canada.
Vietnam’s tra fish (pangasius) export revenue expands about 90 percent in the first six months of this year compared to the same period last year, signaling a new development period for the sector.
The Tan Long Group Joint Stock Company and Japan’s Kiraboshi Bank organised a ceremony in Tokyo on June 30 to introduce ST25 rice, Vietnam’s most famous rice, to Japanese customers.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative image (Source: VNA) 
