Business agencies and companies have high hope for trade stimulation brought about by the Vietnam-Japan Economic Partner Agreement (VJEPA), but are well aware of domestic obstacles to the process.
Business agencies and companies have high hope for trade stimulation brought about by the Vietnam-Japan Economic Partner Agreement (VJEPA), but are well aware of domestic obstacles to the process.
The issue was the focus of a recent Vietnam-Japan economic forum held in Hanoi with a range of measures put forth by experts and seniors officials from both sides.
Reviewing that Japan’s firms first entered Vietnam for export, Japanese Business Association (JBA) Chairman Shimon Tokuyama confirmed the stable market of over 90 million people has expanded this initial purpose to give it high potential for long-term investment.
However, cumbersome procedures have hindered connectivity efforts, he said, adding that the support industry as well as public infrastructure in healthcare, transport, water and electricity supply have yet to receive adequate attention and investment from the State.
Planning and Investment Deputy Minister Nguyen Chi Dung spoke about the improved business climate, competitiveness and foreign capital inflow prompted by the VJEPA while Vietnam Chamber of Commerce and Industry (VCCI) Chairman Vu Tien Loc underscored the management experience and advanced technology and services Vietnamese enterprises would broadly receive and benefit from as a result of free trade agreements.
Loc recommended immediate action from public agencies to establish a consultation channel providing accurate, timely and accessible information for domestic business communities.
Chairman Tokuyama proposed the Vietnamese Government concentrate on enhancing competitiveness, balancing the minimum wage, specifying development policies for each economic sector and devising suitable policies to utilise official development assistance.
Seconding the JBA Chairman’s view, Deputy Minister Dung advised local companies to actively reduce costs and prices while integrating.
VCCI Chairman Loc supplemented Dung’s advice with confirming diverse trade partners, production overhaul and product origin.
He stated boosting manpower competency would be essential to expediting international cooperation.
Official government statistics show that between 2011 and 2013, Japan topped the list of 101 countries and territories investing in Vietnam.
Japan is currently Vietnam’s third largest trade partner with trade expected to near 30 billion USD and its investments are hoped to hit 38 billion USD this year.-VNA
Japan’s two leading property companies, the Daiwa House Group and Nomura Group, have revealed their intention to join hands with Sumitomo Forestry Co., Ltd to invest in Vietnam’s market.
The Trans-Pacific Partnership (TPP) agreement is expected to help Vietnam and Japan move forward with win-win economic cooperation, specifically in the fields of support industry and agriculture.
President Truong Tan Sang hosted a reception in Hanoi on October 14 for a Japanese business delegation who are in Vietnam to attend the Vietnam-Japan economic forum held the same day.
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.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Illustrative image (Source: VNA)
