The Vietnam Chamber of Commerce and Industry in collaboration with the Japan External Trade Organisation (JETRO) chaired the Vietnam-Japan economic forum 2015 in Hanoi on October 14.
The event was attended by Deputy Prime Minister (PM) Hoang Trung Hai and more than 300 delegates from associations, organizations and enterprises of the two countries.
The forum was focused on three key themes: cooperation after concluding the TPP agreement negotiations, in agriculture and in restructuring of state-owned enterprises.
The event aims to discuss measures to strengthen Vietnam-Japan investment trade cooperation, suggest policy orientations with the aim to boost bilateral economic cooperation after concluding the TPP agreement negotiations.
According to a representative of the JETRO, the rate of using locally-produced components in Vietnam is now about 33%, compared to 55% and 43% in Thailand and Indonesia, respectively.
He noted that in order to become a manufacturer and supplier of spare parts for foreign countries, Vietnam needs to develop support industry and small-and medium-sized enterprises (SMEs).
The JETRO will implement business connectivity between the two countries and introduce the latest agricultural technologies of Japan to Vietnamese partners, he added.
Addressing the forum, Deputy PM Hoang Trung Hai affirmed that Vietnamese Government pledges to work closely with the Japanese Government to improve business environment in order to make the country an attractive market for businesses in the coming time.
The TPP agreement is expected to help Vietnam and Japan move forward with win-win economic cooperation, specifically in the fields of support industry and agriculture, said the Deputy PM.
Deputy PM Hai expressed his hope that the Japanese Government and businesses will continue to increase more investments in Vietnam, particularly in electronics, agricultural machines, agro-forestry processing, shipbuilding, environment, energy saving, and automobile spare parts manufacturing.
Japan is one of the biggest trade partners of Vietnam with over 37.7 billion USD of registered investment capital in 2,661 projects operated by 1,500 businesses. Two-way trade hit 27.6 billion USD last year and 19 billion USD in the first eight months of this year.
The event was attended by Deputy Prime Minister (PM) Hoang Trung Hai and more than 300 delegates from associations, organizations and enterprises of the two countries.
Deputy Prime Minister Hoang Trung Hai attends the forum.
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The event aims to discuss measures to strengthen Vietnam-Japan investment trade cooperation, suggest policy orientations with the aim to boost bilateral economic cooperation after concluding the TPP agreement negotiations.
According to a representative of the JETRO, the rate of using locally-produced components in Vietnam is now about 33%, compared to 55% and 43% in Thailand and Indonesia, respectively.
He noted that in order to become a manufacturer and supplier of spare parts for foreign countries, Vietnam needs to develop support industry and small-and medium-sized enterprises (SMEs).
The JETRO will implement business connectivity between the two countries and introduce the latest agricultural technologies of Japan to Vietnamese partners, he added.
Addressing the forum, Deputy PM Hoang Trung Hai affirmed that Vietnamese Government pledges to work closely with the Japanese Government to improve business environment in order to make the country an attractive market for businesses in the coming time.
The TPP agreement is expected to help Vietnam and Japan move forward with win-win economic cooperation, specifically in the fields of support industry and agriculture, said the Deputy PM.
Deputy PM Hai expressed his hope that the Japanese Government and businesses will continue to increase more investments in Vietnam, particularly in electronics, agricultural machines, agro-forestry processing, shipbuilding, environment, energy saving, and automobile spare parts manufacturing.
Japan is one of the biggest trade partners of Vietnam with over 37.7 billion USD of registered investment capital in 2,661 projects operated by 1,500 businesses. Two-way trade hit 27.6 billion USD last year and 19 billion USD in the first eight months of this year.
