Forum looks to improve Vietnam-Japan cooperation in global supply chain
A Vietnam-Japan policy research forum entitled ‘New Dynamism in Asia-Pacific Supply Chains beyond COVID-19: Implications for Japan-Vietnam Cooperation’ was held in Hanoi on March 3.
Hanoi (VNA) - A Vietnam-Japan policy research forum entitled ‘New Dynamism in Asia-Pacific Supply Chains beyond COVID-19: Implications for Japan-Vietnam Cooperation’ was held in Hanoi on March 3.
The event was jointly organised by the Toshiba International Foundation (TIFO), the Central Institute for Economic Management (CIEM) and the Graduate School of Public Policy - the University of Tokyo.
CIEM Director Dr Tran Thi Hong Minh said since COVID-19 broke out in late 2019, business activities have encountered difficulties due to material shortages, higher prices and rising transportation costs.
Participants said that Vietnam and Japan hold ample room for cooperation as the two countries share similar traditional and cultural values, and are signatories of numerous regional and international business-finance institutions or agreements.
An automobile production line in Vietnam (Photo: VNA)
The two countries are supplementary in terms of development level, technology, trade and population structures, among others, they said.
Recommendations to strengthen cooperation between Vietnam and Japan were also delivered at the event, namely ensuring labour supply, effectively carrying out an economic recovery and development plan and creating new momentum for improvement of investment-business climate and strengthening trust between foreign enterprises and domestic companies.
Japan is among the leading foreign investors in Vietnam in terms of registered cumulative investment capital. Of the amount, manufacturing and processing account for more than 65 percent, the forum heard./.
Many Japanese enterprises attending the Japan IT Week Osaka 2022, which concluded on January 21, showed great interest in a face recognition solution named CMC Intelligent Video Analytics and Management System (CIVAMS), and digital transformation solution Cloud MSP researched and developed by CMC Corporation of Vietnam.
There is plenty of room for Vietnam’s agricultural, aquatic and foodstuff products to gain a bigger market share in Japan as the country has high demand for those imported, according to the Vietnamese Trade Office in Japan.
Japan’s Erex Co Ltd. is considering building a biomass power plant with a capacity of 100-150MW in the southern province of Binh Phuoc, Erex Chairman Honna Hitoshi said on February 22.
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.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
At the event (Photo: VNA) 
An automobile production line in Vietnam (Photo: VNA) 
