Export value to Japan increased
Japan is one economic partner, a leading trade in Vietnam and has always played a role as an important market for the export activities of Vietnam in general and HCM City in particular. For years, governments of both countries are interested in directing, promoting the expansion of economic relations and trade between the two countries and always facilitate the two countries in the business activities of goods export .
On 25/12/2008, Vietnam and Japan has officially signed Economic Partnership Agreement VJEPA, creating a stable regulatory framework, facilitate trade and investment between the two water companies. Formal agreement with effect from 01.10.2009 and the free trade agreement first bilateral Vietnam.
Vietnam Business is committed to the "credit" when exported to Japanese market
Two years, in the context of export markets like the U.S. city market, the EU is affected by economic difficulties. Therefore, the reduction of barriers to the exports of Vietnam to the Japanese market through the implementation of agreements VJEPA has been contributing to the objectives of promoting exports of goods in Vietnam in general and exports of HCM City in particular. After more than two years of the agreement VJEPA, some exports of the city has to make good use of preferences in the Agreement to achieve export growth to Japan, especially textiles, aquatic products.
Although in 2009, due to the global economic crisis, the total export turnover of the city with Japan reached $ 3.3 billion, down 19.7% (the country reached 13.76 billion USD, 26.2% reduction) in 2010, the turnover has reached USD 3.87 billion, up 17.4% (the country reached 16.744 billion USD, up 21.7%). Japan continues to be the market's No. 2 exporter of Vietnam after the United States.
Appreciate the word "credit" with Japanese partners
Now, though influenced by the financial crisis and global economic recession but still is a Japanese foreign direct investment has made the largest capital and business delegations from Japan to market survey , looking for opportunities in Vietnam.
However, many businesses that are still difficulties in exporting to Japan as technical barriers to agricultural, fisheries technical standards; strict requirements on product quality, high cost and complex distributed systems ... "There are those goods, when imported into the United States, the EU is approved, but Japan still refused because of the technical requirements, rigorous quality "Bui Huy Son, Director of the Asian market - Pacific, Ministry of Trade and Industry said. Japanese consumers have aesthetic, sophisticated and very detailed attention to quality, durability, reliability and usability of the product. The small scratches, samples cut just left on textile products, packaging disproportion ... often difficult for consignment sale, affecting long-term production plans.
Two years, fishery exports to Japan had the largest increase.
Prior to these challenges, the Department of Industry and Commerce City leaders have shared the experience with businesses in exporting to Japan. Accordingly, Vietnam business concern, establish good relations with your country companies, managing product quality and strict attention tends to consumer tastes. Besides, Vietnam enterprises to take full advantage of the support channel of Vietnam and Japan as trade promotion agencies, associations, trade promotion organization in Japan (JETRO) ... to have more business opportunities ...
"The Japanese companies are often very technical process learn about potential partners before you decide to do long term though sometimes order a quantity not greater. Some Vietnam enterprises have a good business results in the U.S., EU but no similar results in Japan. Therefore, Vietnam needs to keep business the word "credit" when dealing with partners, particularly the export of goods into the Japanese market ..., "Mr. Huynh Khanh Hiep, Vice Director of HCMC Department of Trade and Industry said .
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