Japan is Vietnam’s third largest import market, trailed after China and the Republic of Korea, according to the General Department of Vietnam Customs.
Vietnam imports from Japan inched up 1.56% to more than US$12.2 billion in ten months leading up to November this year.
Machines, equipment and tools ranked first among import products with US$3.35 billion (down 13.4%), followed by computers, electronics and components (US$2.26 billion, up 18.9%) and steel (US$989.6, down 6.7%).
Import products that saw a robust growth in the reviewed period included milk and dairy products (up 99%), animal feed and materials (up 91.6%), cameras, film cameras and components (up 153.2%) while those with a sharp decline were petroleum (down 98%), fertilizer (down 52%) and telephones (down 44%).
A seminar was held in Ho Chi Minh city on November 17 by the Japan External Trade Organization (JETRO) within the framework of a program to promote connectivity between Vietnamese and Japanese businesses. It was participated by 37 Japanese businesses which are interested in exporting products to Vietnam.
Michiyo Uehara, representing JETRO said most of the participating businesses are small and medium-sized. They introduced Vietnamese distributors to their household, ceramic, kid and healthcare products.
It was the third seminar of this kind ever held by JETRO with the aim of connecting Japanese businesses with Vietnamese distributors to boost exports of Japanese products to Vietnam.VOV