Japan is one of the four largest importers of Vietnam, only behind China, the Republic of Korea and the US, according to the latest report by the Industry Agency under the Ministry of Industry and Trade.
Hanoi (VNA) – Japan is one of thefour largest importers of Vietnam, only behind China, the Republic of Korea andthe US, according to the latest report by the Industry Agency under theMinistry of Industry and Trade.
Over the years, Japan has assisted Vietnamin human resources training, business management and market development toincrease revenue and cut manufacturing costs.
The automobile sector and its supportingindustry have posted positive growth under Vietnam’s industrialization strategywithin the Vietnam – Japan cooperation framework.
Japanese automobiles firms recorded thehighest rate of locally-made products in their Vietnamese factories, reaching37 percent for the Innova Toyota model. Industrial zones for Japanese small andmedium-sized enterprises have been formed in several localities such as Ba Ria– Vung Tau and Ha Nam, promoting the development of the supporting industry forthe auto sector.
As part of a project to boost Japaneseinvestment in the supporting industry, a Vietnamese delegation along with eightelectronic firms visited the Japanese central prefecture of Ishikawa to attendthe 57th Kanazawa mechanical manufacturing exhibition, and learn fromTakamaz and Shibuya corporations that are providing equipment for Vietnam.
As a result, three Vietnamese companies wereasked to send price quotes while the Japanese side also mentioned thepossibility of cooperating with Vietnam in the supporting industry as soon aspossible.
Joint work on the supporting industry hasalso been incorporated into activities by the Vietnam – Japan CooperationCommittee, the Vietnam – Japan Joint Initiative, industrialisation strategy,cooperation programme with the Japan International Cooperation Agency and theJapan External Trade Organisation and investment promotion programmes inJapan.-VNA
Vietnam treasures the extensive strategic partnership and all-round cooperation with Japan, and spares no effort to develop the fruitful relations, Prime Minister Nguyen Xuan Phuc said.
As many as 63 organisations and 206 individuals, including four Vietnamese, were honoured on July 23 in a ceremony in Tokyo for their prominent contributions to developing diplomatic ties between Japan with countries and regions.
The 6th Vietnam-Japan Culture Exchange Festival kicked off in the central city of Da Nang on July 25 evening, offering cultural performances, cuisine, traditional art demonstrations, games and seminars on tourism and human resources development between Japan and Da Nang.
Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on July 29 expressed his wish for Japan’s further support in the fields of urban transportation, environment improvement and flooding prevention.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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.
Illustrative image (Photo: VNA) 
