Illustrative image (Photo: VNA)Tokyo (VNA) – E! Kansai e-magazine of the Kansai Bureau of Economy,Trade and Industry, one of the important information channels of Japanesebusinesses and investors, on November 1 ran an article affirming positiveprospects for economic cooperation between Vietnam and Japan in the comingtime.
Highlighting the bilateral trade and investment ties over the past time, thearticle wrote that trade and investment between the two nations are supplementary,clearly reflected in the structure of import-export goods. Japan mainly exportsmachinery, equipment and transport means to Vietnam while importing garmentsand wood products from the Southeast Asian nation.
At present, in addition to maintaining and consolidating commodities that haveaffirmed their footholds in the Japanese market, Vietnam is improving theirproducts in terms of quality and design in order to better meet conditions and standardsset by Japan, firstly focusing on the fields of processing industry,agro-forestry-fishery, industry, and mechanics.
The enhancement of investment cooperation has brought benefits to both sides.Japanese investment helps Vietnam learn from management experience and access advancedtechnologies in different areas, effectively contributing to its national industrialisationand modernisation process.
Meanwhile, through trade exchange with Vietnam, Japan will diversifyapproaching channels and engage more deeply in economic activities at theAssociation of Southeast Asian Nations (ASEAN), a promising market with 650million people and gross domestic product (GDP) of about 2.5 trillion USD.
In the coming time, with the attention of the governments and the close coordinationof both sides’ relevant ministries and agencies, bilateral trade cooperationwill continue to thrive. The two economies’ increased connectivity will helpdeepen the extensive strategic partnership for peace and prosperity in Asiaaffirmed by their leaders during high-level visits and reflected via specificprogrammes and activities between the nations’ localities, agencies, organisationsand businesses.-VNA
Highlighting the bilateral trade and investment ties over the past time, thearticle wrote that trade and investment between the two nations are supplementary,clearly reflected in the structure of import-export goods. Japan mainly exportsmachinery, equipment and transport means to Vietnam while importing garmentsand wood products from the Southeast Asian nation.
At present, in addition to maintaining and consolidating commodities that haveaffirmed their footholds in the Japanese market, Vietnam is improving theirproducts in terms of quality and design in order to better meet conditions and standardsset by Japan, firstly focusing on the fields of processing industry,agro-forestry-fishery, industry, and mechanics.
The enhancement of investment cooperation has brought benefits to both sides.Japanese investment helps Vietnam learn from management experience and access advancedtechnologies in different areas, effectively contributing to its national industrialisationand modernisation process.
Meanwhile, through trade exchange with Vietnam, Japan will diversifyapproaching channels and engage more deeply in economic activities at theAssociation of Southeast Asian Nations (ASEAN), a promising market with 650million people and gross domestic product (GDP) of about 2.5 trillion USD.
In the coming time, with the attention of the governments and the close coordinationof both sides’ relevant ministries and agencies, bilateral trade cooperationwill continue to thrive. The two economies’ increased connectivity will helpdeepen the extensive strategic partnership for peace and prosperity in Asiaaffirmed by their leaders during high-level visits and reflected via specificprogrammes and activities between the nations’ localities, agencies, organisationsand businesses.-VNA
VNA
