On the occasion of the 50th anniversary of establishing diplomatic relations between Vietnam - Japan and the 50th anniversary of ASEAN - Japan friendship and cooperation, within the framework of Vietnam Goods Week 2023 at the AEON supermarket system in Japan, Vietnam Trade Vietnam Service in Japan coordinated with the ASEAN - Japan Center, Hanoi People's Committee, and Ho Chi Minh City People's Committee to organize a workshop to improve the capacity to export goods from Vietnam. entering Japan and the Vietnam - Japan trade connection session on June 21, 2023.
The event had the participation of more than 150 delegates including Vietnamese and Japanese businesses in the fields of agricultural products, processed foods, seafood, textiles, footwear, household appliances, and products. health care.
At the seminar, delegates were introduced to regulations and procedures for importing goods into Japan, and hygiene standards by Mr. Nakamura Makoto, an expert from the Japan Investment and Trade Exchange Organization MIPRO. food safety and updating new policy information in Japanese Law.
Businesses of the two countries had a trade meeting to connect quality products to sign valuable trade contracts that will bring growth in turnover between the two countries in the near future.
In 2023, Vietnam and Japan will have many activities to celebrate 50 years of establishing diplomatic relations. The relationship that is said to have "limitless potential" of the two countries is approaching a period of great development. This will be an opportunity to look back at the Japan-Vietnam relationship from the past to the present and create The foundation for that relationship to develop further into the future, reaching out to the region and the world as partners with equal status and bringing benefits to each other.
Relations between the two countries are at the best stage in history since the establishment of diplomatic relations, with high trust. Senior leaders of the two countries maintain regular visits and contacts at international and regional forums.
Japan is Vietnam's most important economic partner. Japan is the largest ODA donor, the 2nd labor cooperation partner, the 3rd investor, the 3rd tourism partner, and the 4th largest trade partner of Vietnam.
In the first 5 months of 2023, the import-export turnover of the two countries reached about 17.46 billion USD. Of which exports reached 9.11 billion USD, imports reached 8.35 billion USD. Textile and garment products reached 1.42 billion USD, an increase of 6.6%; Means of transport and spare parts reached 1.12 billion, an increase of 9.2%; Wood and wood products reached 677.8 million USD, down 0.2%, footwear of all kinds reached 438.6 million USD, up 10.5%; Seafood products reached 580.3 million USD, down 9.2%, fruit and vegetable products reached 71.5 million USD, up 5.3%; Cashew nuts reached 23.9 million USD, up 15.4%.
Regarding investment: in the first 5 months of the year, there were 82 countries and territories investing in Vietnam. Japan ranked second with nearly 2.1 billion USD, accounting for nearly 19.1% of total investment capital, nearly 2.2 times higher than the same period.
Vietnam and Japan have been important trading partners of each other for many years. The two countries have a complementary import-export structure, not directly competitive (Japan has a need to import agricultural, forestry, fishery products, processed foods, consumer goods..., while Vietnam has great competitive advantage in exporting these products). The fact that the two countries are members of many FTAs including: VJEPA, AJCEP, CPTPP, RCEP..., creates many opportunities to expand trade cooperation further, especially increasing import and export and having opportunities to cooperate. Participate in regional and world supply chains.
