Garment-textile was one of the commodities with the export turnover of more than 1 billion USD (Photo: VNA)
Hanoi (VNA) – Vietnam recorded atrade surplus of 930 million USD with Japan in the first eight months of 2019.
In the same period last year, Vietnam posted atrade deficit of 114 million USD with Japan.
The leading factor behind the change was thegood growth i𒅌n exports to Japan 🌊at 9.3 percent, with increases recorded in theshipments of 26 out of 35 main export items.
Products with high increases included garment-textile, means oftransport and spare parts, machinery, aquatic products, wood and timberproducts, computers, electronic products and components, and footwear.
Three commodities with the export turnover of morethan 1 billion USD in the Japanese market were garment-textile (2.55 billionUSD), means of transport and spare parts (1.73 billion USD), machinery,equipment, tools and components (1.26 billion USD).
There are many reasons behind Vietnam’sincreasing exports to Japan, one of which is their membership in theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)which offers a lot of incentives, including tariff reductions.
Meanwhile, Vietnam’s imports from Japan onlyrose 0.7 percent in the period, far below the growth rate of exports.
Vietnam is expected to have a trade surplus ofover 1.4 billion USD with Japan for the whole year./ꦕ.
The Ministry of Labour, Invalids and Social Affairs (MoLISA) and Japan’s Nagano prefecture signed a memorandum of understanding (MoU) on cooperation in human resources development in Hanoi on August 14.
Representatives from 26 Vietnamese enterprises and four provinces together with tens of Japanese firms attended a seminar on Vietnam-Japan trade exchange and economic cooperation in Tokyo on August 29 to seek business opportunities.
The Health Ministry's Department of Medical Examination and Treatment and the Antimicrobial Resistance Research Centre of Japan on September 9 signed a Memorandum of Understanding (MoU) on cooperation in developing antimicrobial monitoring system in Vietnam.
A visiting Japanese delegation visited Vietnam’s Sapper Brigade 249 on September 11 to review preparations for the two countries’ upcoming training course in operating heavy military machinery for sappers.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Garment-textile was one of the commodities with the export turnover of more than 1 billion USD (Photo: VNA) 
