(VOV) - A Vietnam-Japan business meeting was held in Ho Chi Minh City on July 16 to introduce investment opportunities of both countries.
Japan wants to establish a financial firm in HCM City
Promoting cooperation with northeastern Japan
The event attracted many Vietnamese and Japanese businesses, most of them operating in design, manufacturing, industrial software, machinery, ceramics, food, and home appliances.
Hantano Yoshio, Chairman of the Small and Medium Sized Enterprises’ Association in Osaka (Japan), said that many Japanese firms are keen to invest in the Vietnamese market.
Nguyen Hong Ha, Deputy Head of the Ho Chi Minh City Chamber of Commerce and Industry (VCCI-HCMC), stated that two-way trade between Vietnam and Japan reached over US$21 billion in 2011, including half from Vietnamese exports.
In the first five months of this year, Vietnam’s exports to Japan grew by 46 percent compared to the same period last year.
Japan is now one of Vietnam’s major export markets. The two countries are enjoying a fruitful trade relationship thanks to incentives in the ASEAN-Japan Comprehensive Economic Partnership (AJCEP) and the Vietnam-Japan Economic Partnership Agreement (VJEPA).