Japan is one of the four largest importers of Vietnam, only behind China, the Republic of Korea and the US, according to the latest report by the Industry Agency under the Ministry of Industry and Trade.
Hanoi (VNA) – Japan is one of thefour largest importers of Vietnam, only behind China, the Republic of Korea andthe US, according to the latest report by the Industry Agency under theMinistry of Industry and Trade.
Over the years, Japan has assisted Vietnamin human resources training, business management and market development toincrease revenue and cut manufacturing costs.
The automobile sector and its supportingindustry have posted positive growth under Vietnam’s industrialization strategywithin the Vietnam – Japan cooperation framework.
Japanese automobiles firms recorded thehighest rate of locally-made products in their Vietnamese factories, reaching37 percent for the Innova Toyota model. Industrial zones for Japanese small andmedium-sized enterprises have been formed in several localities such as Ba Ria– Vung Tau and Ha Nam, promoting the development of the supporting industry forthe auto sector.
As part of a project to boost Japaneseinvestment in the supporting industry, a Vietnamese delegation along with eightelectronic firms visited the Japanese central prefecture of Ishikawa to attendthe 57th Kanazawa mechanical manufacturing exhibition, and learn fromTakamaz and Shibuya corporations that are providing equipment for Vietnam.
As a result, three Vietnamese companies wereasked to send price quotes while the Japanese side also mentioned thepossibility of cooperating with Vietnam in the supporting industry as soon aspossible.
Joint work on the supporting industry hasalso been incorporated into activities by the Vietnam – Japan CooperationCommittee, the Vietnam – Japan Joint Initiative, industrialisation strategy,cooperation programme with the Japan International Cooperation Agency and theJapan External Trade Organisation and investment promotion programmes inJapan.-VNA
Vietnam treasures the extensive strategic partnership and all-round cooperation with Japan, and spares no effort to develop the fruitful relations, Prime Minister Nguyen Xuan Phuc said.
As many as 63 organisations and 206 individuals, including four Vietnamese, were honoured on July 23 in a ceremony in Tokyo for their prominent contributions to developing diplomatic ties between Japan with countries and regions.
The 6th Vietnam-Japan Culture Exchange Festival kicked off in the central city of Da Nang on July 25 evening, offering cultural performances, cuisine, traditional art demonstrations, games and seminars on tourism and human resources development between Japan and Da Nang.
Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on July 29 expressed his wish for Japan’s further support in the fields of urban transportation, environment improvement and flooding prevention.
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
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
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 image (Photo: VNA) 
