The trade relations between Vietnam and Japan have been growing since the establishment of bilateral strategic partnership in 2009, then elevated to comprehensive strategic partnership in 2014.
Hanoi (VNA) – The trade relations between Vietnam and Japan have beengrowing since the establishment of bilateral strategic partnership in 2009,then elevated to comprehensive strategic partnership in 2014.
According to Deputy Minister of Industry and Trade Do Thang Hai, Japan is thethird biggest export market, after the US and China, and the third largestimport market of Vietnam, after China and the Republic of Korea.
In the first five months of 2019, two-way trade reached 15.28billion USD, a year-on-year rise of 3.7 percent, including 7.35 billion USDworth of Japanese imports.
Vietnam has mainly exported garment-textiles, transport vehicles andcomponents, machines and equipment, aquatic products, wood, and footwear whileimporting computers, electronic products and components, iron and steel, andautomobile spare parts from the market.
Japan has strength in providing high-quality machinery andequipment which could help increase the capacity of Vietnamese productionindustries.
Le Hoang Oanh, Director of the Asia-Africa Department under theMinistry of Industry and Trade, said Japan has strict requirements for importedgoods, especially agro-forestry-fishery products.
Therefore, to make inroads into the Japanese market, businesses should payattention to technical barriers such as quality of products, food safety andhygiene, and export procedures, she suggested.
Experts advised businesses to study the market’s demand and build appropriatemarketing strategies while actively participate in trade promotion programmesto seek partners.
The upcoming visit to Japan by Prime MinisterNguyen Xuan Phuc from June 27 to July 1 during which he will attend G20 Summitis expected to open new cooperation opportunities between the two countries innumerous fields, including trade and investment.-VNA
Deputy Prime Minister and Foreign Minister Pham Binh Minh and Japanese Foreign Minister Taro Kono held talks and co-chaired the 11th meeting of the Vietnam-Japan Cooperation Committee on May 30 in Tokyo.
Vietnam always treasures and maintains values of peace and stability, said Deputy Prime Minister and Foreign Minister Pham Binh Minh while addressing the 25th International Conference on the Future of Asia in Tokyo, Japan, on May 30.
Exhibition organiser Reed Tradex Vietnam and the Japan External Trade Organisation (JETRO) on May 30 signed a cooperation agreement to organise the Vietnam-Japan Supporting Industry Exhibition (SIE 2019) and the Vietnam Manufacturing Expo (VME 2019) from August 14-16 in Hanoi.
Vietnam and Japan have sought concrete orientations and measures to develop their extensive strategic partnership in a more pragmatic and effective manner, especially in politics-diplomacy, national defence and security.
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.
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.
Illustrative image (Source: VNA) 
