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Local businesses learn to promote trade in Japan

The Vietnam Chamber of Commerce and Industry – Ho Chi Minh City branch (VCCI-HCM City) hosted a workshop on August 19 for local businesses to learn more about how to promote trade in the Japanese market.
The Vietnam Chamber of Commerce and Industry – Ho Chi Minh Citybranch (VCCI-HCM City) hosted a workshop on August 19 for localbusinesses to learn more about how to promote trade in the Japanesemarket.

The VCCI-HCM City head Vo Tan Thanhhighlighted the important of the event in providing updates on marketinformation for those who wish to call for investment from Japan,which is currently Vietnam ’s third largest trade partner.

The East Asian country’s recent simplification of visa rules forVietnamese people will facilitate investment, trade and tourismactivities between the two countries, Thanh said.

Nishiyama Akia, director of Japan’s BSO investment consultingcompany, said that partnering with Japanese businesses will help theVietnamese side gain more experience in broadening its businessglobally.

To develop a modern industry in thefuture, Japan needs support from other countries, including Vietnam ,especially in human resources, he said, suggesting Vietnameseenterprises build up trust and prestige with Japanese partners in orderto secure deals.

According to the Ministry ofIndustry and Trade, in the first seven months of 2014, Vietnam ’sexport earnings from Japan hit 8.5 billion USD, while its importswere 6.9 billion USD, up 13.3 percent and 5.6 percent from the sameperiod last year.

As of July, Vietnam had attracted2,353 Japanese-invested projects with a combined registered capital of36.06 billion USD, accounting for 13.9 percent of the total number and14.9 percent of the total capital poured into Vietnam.-VNA

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