Besides new official development assistance commitments, Vietnam and Japan expect to sign a number of important cooperation deals in agriculture during Party chief Nguyen Phu Trong’s visit to Japan.
Besides new official development assistance (ODA) commitments, Vietnam and Japan expect to sign a number of important cooperation deals in agriculture during Party General Secretary Nguyen Phu Trong’s visit to Japan on September 15-18, reported a newspaper.
The thriving Vietnam-Japan relations have reached a Strategic Partnership for Peace and Prosperity in Asia as from March 2014.
Japan is Vietnam’s leading economic partner with a total investment of nearly 38 billion USD and a bilateral trade value of nearly 28 billion USD. It is also Vietnam’s largest ODA donor country.
The number of Japanese investment projects into Vietnam has increased despite a decline in investment capital, Thoi bao Kinh te Viet Nam (Vietnam Economic Times) quoted Atsusuke Kawada, chief representative of the Japan External Trade Organisation (JETRO) as saying.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, Japan is the second biggest foreign investor in Vietnam with 2,661 valid projects worth 37.7 billion USD.
Japanese investors and local government leaders have held many meetings in recent times. It’s noteworthy that more Japanese investors are keen on investing in agriculture, especially hi-tech agriculture.
Yasuzumi Hirotaka, JETRO managing director in HCM City , stressed the special attention paid by Japanese businesses to Vietnam ’s agriculture, saying that Japanese firms have carefully moved towards comprehensive cooperation with Vietnamese partners.
A representative from Fujitsu Group, which supplies Akisai Cloud services in agricultural management, told the newspaper that there is a huge potential for agricultural cooperation between Japanese and Vietnamese businesses such as management technology, processing, packing and distribution.
However, to turn the opportunity into reality requires strong reform in investment environment, particularly administration procedures, customs, tax, and human resources, he said.
Vietnam should give out clear messages in agricultural investment policy, particularly incentives for investors in the sector, he added.
Bilateral agricultural cooperation has witnessed significant breakthroughs in recent times. Vietnam ’s Ministry of Agriculture and Rural Development (MARD) signed a cooperation agreement with Japan ’s Ministry of Agriculture, Forestry and Fisheries and Ibaraki Prefecture in March 2014. The two countries are developing a medium-and long-term vision on agricultural cooperation to further enhance bilateral ties.-VNA
A delegation of small- and medium-sized enterprises (SMEs) from Japan’s Ehime prefecture will tour Vietnam in early November to scope out the local market and seek investment opportunities.
The visit to Japan by Party General Secretary Nguyen Phu Trong from September 15-19 will aim to deepen the two countries’ exclusive strategic partnership and bring it to a new level.
General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong left Hanoi on September 15 for an official visit to Japan at the invitation of Japanese Prime Minister Shinzo Abe.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Illustrative image. Source: VOV
