Hanoi (VNA) – Japan is currently Vietnam’s leading economic partner, according to theVietnam Chamber of Commerce and Industry (VCCI).
The chamber noted thatin 2017, two-way trade reached 33.3 billion USD. The figure hit 27.8 billion inthe first nine months of 2018.
Japan imported fromVietnam aquatic, apparel products and processed food, while Vietnam importedfrom Japan materials, equipment and production machineries.
Last year, Japan wasthe biggest investor of Vietnam with a record amount of 9.11 billion USD.Japanese investment in the first nine months of 2018 hit 7 billion USD,accounting for nearly 28 percent of the total foreign investment in Vietnam,bringing the figure as of September this year to 55.77 billion USD.
According to YoshiyikiFukuda, President and CEO of the Tokyo SME Support Centre, Vietnam is one ofthe ASEAN countries with the highest GDP growth. Furthermore, Vietnam’spopulation is rising and the human resources quality is improving, he said.
Many Japanese firmsintend to expand partnership with their Vietnamese peers on a win-win basis, hesaid, adding that the firms, strong in technology and producing high-qualityproducts, expect to not only introduce their products and invest in theirstrong areas, but also seek Vietnamese long-term partners to join productionand supply chains.
A survey by the Japan ExternalTrade Organisation (JETRO) found that nearly 70 percent of the Japanese firmsinvesting in Vietnam plan to expand their businesses in the future.
Japanese expertsadvised that in order to become suppliers for Japanese firms, Vietnamesebusinesses should improve the added values for their products.-VNA
Japanese firms expressed their desire to cooperate with Vietnamese partners during the Vietnam – Japan trade exchange in Ho Chi Minh City on October 11.
Politburo member and member of the Communist Party of Vietnam (CPV) Central Committee’s Secretariat Pham Minh Chinh hosted a reception in Hanoi on October 15 for a delegation of the Japanese Communist Party (JCP) led by Tanaka Yu, member of the Standing Executive Committee and Deputy Head of the JCP Central Committee’s Secretariat.
The Communist Party of Vietnam (CPV) and the Japanese Communist Party (JCP) held the eight theoretical exchange workshop, themed “the Vitality of Marxism today,” in the Mekong Delta City of Can Tho on October 16.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Illustrative photo (Source: CTV) 
