Vietnam, Japan boost trade, investment ties
(VOV) - An investment-trade promotion forum between Vietnam and Japan was held in HCM City on October 9 in an effort to boost bilateral trade ties.
The event attracted more than 200 Vietnamese and Japanese businesses specialising in mechanical engineering, precise mechanics, support industries, processed food, farm produce processing, aquaculture, and technical consultancy.
Participating businesses shared information and discussed ways to ease difficulties and penetrate each other’s markets.
The forum created a good chance for businesses of HCM City and neighbouring provinces to explore the Japanese market and increase trade and investment promotions.
Japan is topping the list of foreign investors in Vietnam, with a combined registered and added capitalisation of more than US$4.7 billion since the beginning of 2013, accounting for nearly 32% of the country’s total.
As of August 2013 Japan had more than 2,000 valid investment projects in Vietnam, capitalised at nearly US$32.8 billion.
The forum was jointly hosted by the HCM City Investment and Trade Promotion Centre (ITPC) and the Japan External Trade Organisation (JETRO).