Vietnam, Japan businesses hone exporting skills
(VOV) - Cooperation with Japanese businesses will sharpen the exporting skills of Vietnamese partners, enabling them to better compete in the global marketplace, said Nishiyama Akia, Director of Japan BSO company at a seminar in HCM City on August 19.
According to the Ministry of Industry and Trade, Japan is the third largest trade partner of Vietnam. In the first 7 months of the year, Vietnamese exports to the Japanese market jumped 13.3% on-year to US$8.5 billion, while imports rose 5.6% on-year to US$6.9 billion.
As of the end of July, Japanese businesses invested more than US$36 billion in 2,353 Vietnamese projects, comprising 13.9% of the total number of FDI projects in the country and 14.9% of cumulative FDI capital.
Vo Tan Thanh, Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s branch in Ho Chi Minh City, said Japanese projects often have higher registered capital compared to other FDI projects, and their disbursed capital is also higher. |
Additionally, Japanese investors better follow investment law and policies, he said, adding they mainly invest in processing and manufacturing industry and hi-tech.
Thanh emphasised that Japan has simplified visa procedures for Vietnamese citizens who work in the country, facilitating economic, investment, trade and tourism activities between the two countries.
BSO director Nishiyama said to successfully cooperate with Japanese businesses, Vietnamese businesses should build mutual trust, especially reputation.
Yamauchi Yuij, Director of Alaki Company, said through the seminar, Japanese experts want to help Vietnamese businesses update information and IT application to serve their trading activities and overcome geographic barriers and administration procedures.
Vietnam has many great businesses but they are much too weak in introducing information and promoting brand names so they find it difficult to locate potential cooperation partners, he said.