Vietnam’s Exports to Japan Surge 45 Percent
Two-way trade turnover between Vietnam and Japan in the first six months of 2012 reached US$12 billion, up 28 percent against the same period last year.
Vietnam’s export value to Japan is estimated at US$7 billion, up 45 percent.
On lifting Vietnam-Japan trade ties to a new development phase, a conference was jointly held in Tokyo on August 28 by the Business Affairs Section of Vietnam’s Embassy in Japan, the Vietnam Chamber of Commerce and Industry and the ASEAN-Japan Center.
Exports of several Vietnamese commodities to Japan experienced a sharp increase in the first half, such as crude oil, which brought home nearly US$934 million, or up 245 percent in value from the same period last year.
Currently, Japan is Vietnam’s largest crude oil importer, accounting for more than 40 percent of the country’s crude oil export value.
Commercial Counselor of the Vietnamese Embassy in Japan Nguyen Trung Dung revealed that Japan has become the third largest trading partner and second largest exporter of Vietnam in recent years.
In 2011, the two countries’ trade reached more than US$21 billion, of which export value of Vietnam to Japan was worth nearly US$11 billion, up 39 percent.
VGP
Vietnamese
