Connecting Vietnamese-Japanese businesses, expanding trade opportunities

(Chinhphu.vn) - On May 27, in Osaka, Japan, the Trade Promotion Agency (Ministry of Industry and Trade) coordinated with the Vietnam Trade Office in Osaka and the Osaka City government to organize the Vietnam - Japan Economic Cooperation Trade Conference, attracting a large number of delegates and businesses from both countries to attend.

The conference attracted a large number of delegates and businesses from both countries.

According to Mr. Bui Quang Hung, Deputy Director of the Trade Promotion Agency, since the establishment of the Comprehensive Strategic Cooperation Partnership, the relationship between Vietnam and Japan has developed strongly in many fields, especially economics , trade and investment. Japan is currently Vietnam's fourth largest trade partner, after the United States, China and South Korea.

In 2024, the total import-export turnover between Vietnam and Japan will reach 46.20 billion USD, an increase of 2.77% compared to 2023. Of which, the export of goods from Vietnam to Japan will reach 24.61 billion USD, an increase of 5.55% compared to 2023. The commodity structure of the two countries is complementary and not competitive.

In the first four months of 2025, Vietnam's exports to Japan reached 8.5 billion, up 12%; imports reached 7.9 billion USD, up 6.5% over the same period last year.

Mr. Bui Quang Hung emphasized that currently, the two countries are members of three bilateral and multilateral Free Trade Agreements (FTAs), including the Vietnam-Japan Economic Partnership Agreement (VJFTA); the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP) and the Comprehensive and Progressive Agreement for Trans- Pacific Partnership (CPTPP), creating many opportunities and favorable conditions for trade activities between the two countries.

Businesses of the two countries trade after the conference

In particular, in 2025, in the context of the global economy facing many challenges such as geopolitical tensions, trade protectionism trends, especially the US reciprocal tax policy that is having initial impacts on the shift of FDI capital flows and the structure of the global supply chain, strengthening the Vietnam - Japan Comprehensive Strategic Partnership is extremely important for the socio-economic development of each country.

Ms. Quyen Thi Thuy Ha, Head of the Vietnam Trade Office in Osaka, said that Japan is an important market for Vietnamese agricultural products. In 2024, exports of processed agricultural products (especially fresh fruits and seafood) to Japan are expected to increase sharply thanks to market opening agreements and gradual improvements in product quality to meet Japan's high quality standards. Vietnamese and Japanese enterprises are cooperating to develop high-tech agriculture in Vietnam, especially in areas such as livestock, aquaculture and organic agricultural production. Japanese companies are also providing advanced technologies in quality management and agricultural product preservation.

At the Conference, 28 Vietnamese enterprises introduced to Japanese partners many products such as agricultural products, food (including tapioca starch, dried and frozen seafood, tea, coffee, spices, fresh agricultural products, almond cakes, etc.); mechanical and electronic components, construction materials, household products, perfumes, etc. to promote mutually beneficial cooperation opportunities.

Anh Tho

Source: https://baochinhphu.vn/ket-noi-doanh-nghiep-viet-nam-nhat-ban-mo-rong-co-hoi-giao-thuong-102250527152814827.htm