Trade Envoy: Japan to Buy More Goods from Vietnam
Japan will likely import goods with big volumes from Vietnam including processed, fresh vegetable, fruits, mechanical, domestic utensils and software, Dao Tran Nhan, vice head of Vietnam's Asia-Pacific region under the Ministry of Industry and Trade has said.
Nhan told a meeting on Asean-Japan comprehensive economic partnership agreement and Vietnam-Japan economic partnership agreement, which was held in Ho Chi Minh City on April 14.
Japan is the second biggest buyer of Vietnamese goods, Nhan noted, elaborating Vietnam shipments to the foreign country rose 37 per cent to US$8.5 billion in 2008.
According to the VJEPA, Japan will revoke import tariffs on 2,586 Vietnamese goods from mid-2009, the online VietnamNet said.
Every year, Japan buys average US$550 million of seafood products, and it bought US$820 million of apparels, and US$73 million handicraft.
According to the MOIT, Vietnam had a trade surplus of US$297 million with Japan in 2008.
By end-2008, Japanese firms invested 1,046 projects valued at US$17.16 billion in Vietnam, ranking the third after Taiwan and Malaysia.
Party Chief Nong Duc Manh will visit Japan in the near term at the invitation of Prime Minister Taro Aso two months after Japan resumed ODA for Vietnam. (cpv.org.vn)
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