Hanoi (VNA) – Japan is currently Vietnam’s leading economic partner, according to theVietnam Chamber of Commerce and Industry (VCCI).
The chamber noted thatin 2017, two-way trade reached 33.3 billion USD. The figure hit 27.8 billion inthe first nine months of 2018.
Japan imported fromVietnam aquatic, apparel products and processed food, while Vietnam importedfrom Japan materials, equipment and production machineries.
Last year, Japan wasthe biggest investor of Vietnam with a record amount of 9.11 billion USD.Japanese investment in the first nine months of 2018 hit 7 billion USD,accounting for nearly 28 percent of the total foreign investment in Vietnam,bringing the figure as of September this year to 55.77 billion USD.
According to YoshiyikiFukuda, President and CEO of the Tokyo SME Support Centre, Vietnam is one ofthe ASEAN countries with the highest GDP growth. Furthermore, Vietnam’spopulation is rising and the human resources quality is improving, he said.
Many Japanese firmsintend to expand partnership with their Vietnamese peers on a win-win basis, hesaid, adding that the firms, strong in technology and producing high-qualityproducts, expect to not only introduce their products and invest in theirstrong areas, but also seek Vietnamese long-term partners to join productionand supply chains.
A survey by the Japan ExternalTrade Organisation (JETRO) found that nearly 70 percent of the Japanese firmsinvesting in Vietnam plan to expand their businesses in the future.
Japanese expertsadvised that in order to become suppliers for Japanese firms, Vietnamesebusinesses should improve the added values for their products.-VNA
Japanese firms expressed their desire to cooperate with Vietnamese partners during the Vietnam – Japan trade exchange in Ho Chi Minh City on October 11.
Politburo member and member of the Communist Party of Vietnam (CPV) Central Committee’s Secretariat Pham Minh Chinh hosted a reception in Hanoi on October 15 for a delegation of the Japanese Communist Party (JCP) led by Tanaka Yu, member of the Standing Executive Committee and Deputy Head of the JCP Central Committee’s Secretariat.
The Communist Party of Vietnam (CPV) and the Japanese Communist Party (JCP) held the eight theoretical exchange workshop, themed “the Vitality of Marxism today,” in the Mekong Delta City of Can Tho on October 16.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative photo (Source: CTV) 
