Business leaders from Vietnam, Japan hold trade conference

VOV.VN - Business leaders and government officials from the public and private sectors of Vietnam and Japan’s Toyama Prefecture held a trade and investment conference on December 21 in Hanoi.

Toyama Prefecture, with its lively manufacturing segment, is a favoured trade partner for Vietnam businesses, said Vu Tien Loc, chair of Vietnam Chamber of Commerce and Industry (VCCI) at the conference.

It’s geographical location, about two hours from Tokyo by taking Japan’s high-speed Shinkansen railway network and ready access to Russia, which it faces across the Sea of Japan, offer Vietnamese businesses many opportunities.

In fact, Russia has for many years been a major trade partner of the Prefecture, dating back to the late nineteenth century, said Mr Loc, adding that it could serve as a springboard for Vietnam businesses to enhance trade with Russia.

At the meeting, those in attendance discussed the status of the roughly 40 manufacturers from the Japanese prefecture that are operating in Vietnam and solutions to work out the problems they are having.

They also discussed many opportunities for boosting commercial trade between the two economies as well as the prospects for the Trans Pacific Partnership that now appear to be stalled.

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