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VCCI News

Last updated: Friday, October 20, 2017

 

Vietnam - Japan Business Matching

Posted: Wednesday, April 26, 2017

To provide trade opportunities for companies in all industries in Vietnam and Japan, the Vietnam Chamber of Commerce and Industry (VCCI) in cooperation with the DEVNET JAPAN General Foundation and the Association of Multi-trade International Cooperation organised a Vietnam - Japan International Pan Industry Meeting in Hanoi.
The meeting gathered nearly 100 Vietnamese and Japanese companies in many sectors and industries. Information at the workshop helped Vietnamese businesses to recognise opportunities, anticipate challenges, improve operational efficiency and promote their own strengths in enhancing cooperation with Japanese partners.

At the workshop, Dr Doan Duy Khuong, VCCI Vice President, underscored the importance of Vietnam - Japan strategic partnership as well as the cooperation between VCCI with Japanese Chambers of Commerce, businesses and organisations.

He said that, since the two countries established diplomatic relations 44 years ago in 1973, their cooperation ties have been increasingly strengthened with a broader and deeper scope. Economically, Japan continues to be Vietnam's leading economic partner and the first G7 nation to recognise the market economy status of Vietnam (in October 2011). To date, Japan has become the second largest foreign investor, the fourth largest trading partner and the third largest travel partner of Vietnam. According to official data, Japan had more than 3,200 valid investment projects with a total registered capital of over US$42 billion in Vietnam by the end of 2016, accounting for 15 per cent of total foreign direct investment (FDI) in the Southeast Asian nation.

He added that technology transfer, high-quality human resources training and corporate governance improvement are visible benefits that Vietnamese enterprises can obtain from cooperation with Japanese partners. In addition, they can create opportunities to expand their markets, seek markets for agricultural products and secure sustainable development in agricultural production.

At the meeting, Japanese and Vietnamese businesses met and formed B2B (business-to-business) cooperation. The attendants are active in various industries, ranging from high-tech agriculture, environmentally friendly technologies to health care, pharmacy, transportation, construction and chemicals.

In the framework of the B2B meeting, companies from both nations signed a number of memoranda of understanding on cooperation, which promise to open up opportunities for effective business cooperation.

Fumiyasu Akegawa, President of DEVNET Japan and Chairman of the Association of Multi-trade International Cooperation, said, “Japan became a developed country long after many others in the world but it has proud technical prowess and huge information. DEVNET is an international development interconnection agency. DEVNET and the Association of Multi-trade International Cooperation work to support information for inventors and entrepreneurs. We think that it is essential to quickly and skilfully combine technical capabilities and information of Japanese companies with potential markets in the world in general and developing markets like Vietnam in particular”.
DEVNET has started agricultural projects and supported the poor in Vietnam, Laos and Cambodia and plans to build Japanese-styled agricultural cooperative models in Vietnam.

He proposed that in order to attract Japanese investors, the Government of Vietnam should have preferential policies, provide favourable conditions and reform administrative procedures further. In addition, he emphasised that Vietnam needs to move faster and more effectively in the industrialisation process across all economic sectors, build sustainable supply chains and valorise the currency.

Huong Ly








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