Japanese market wide open to local businesses
Vietnam has enjoyed a trade surplus with Japan two years in a row after signing the Vietnam-Japan Economic Partnership Agreement in 2009.

Vietnam has enjoyed a trade surplus with Japan two years in a row after signing the Vietnam-Japan Economic Partnership Agreement in 2009.
The Viet Nam-Japan Economic Partnership Agreement (VJEPA) that took effect in October 2009 has significantly increased trade between the two countries, a conference heard in HCM City yesterday.
The Japanese market was one that carries high potential for Vietnamese firms, but it was also a challenging one, speakers said at a conference held yesterday in HCM City.
Vietnamese exports to the Japanese market have surged as Japanese demands have increase after the earthquake and tsunami disaster and many trade barriers have been reduced
The sharply increasing demand for clean food, including seafood, in Japan is considered a good chance for Vietnamese businesses to increase exports to this market.
Some 200 Vietnamese businesses have sent seafood shipments to Japan, mainly shrimp, on a regular basis. Following the earthquake disaster in Japan, will these businesses be adversely affected?
The HCM City Investment and Trade Promotion Centre (ITPC) has identified the US and Japan as the largest markets for exports this year, the ITPC director said on Wednesday.
Vietnamese firms should pay more attention to to designing and creating unique handicraft products to boost exports to Japan
While Japan stands as one of Viet Nam's largest importers of handicrafts, there is still potential to further increase sales in that particular market, according to Do Kim Lang, deputy director of the Trade Promotion Agency under the Ministry of Industry and Trade's.
Vietnamese businesses need to pay more attention to designing and creating unique handicraft products in order to boost exports to the Japanese market and increase their competitiveness over rivals from China , India and Myanmar , say Japanese experts.
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