Vietnam-Japan trade hits 25.6 bln USD

Two –way trade between Vietnam and Japan was estimated at 25.6 billion USD in 2013, according to the General Department of Vietnam Customs.

Of the amount, Vietnam’s commodity exports to Japan reached 13.6 billion USD, a yearly rise of 4 percent, while imports from the market were valued at 11.6 billion USD, a year-on-year increase of 0.7 percent.

Vietnam’s major export commodities to Japan included garment-textile, crude oil, vehicles and accessories.

Meanwhile, the country mainly imported machinery, spare parts, computers, iron, steel, fabric and electronic products from Japan .

The Vietnam-Japan Economic Partnership Agreement, which took effect in October 2009, has facilitated the Vietnamese goods, especially farm produce, garment products, and seafood to penetrate into the Japanese market.

Japan is the biggest supplier of official development assistance (ODA) of Vietnam with 200 billion JPY each year, or 30 percent of ODA inflows in the country.

It is currently Vietnam’s biggest foreign investor, injecting 5.7 billion USD into the country in the first 11 months of 2013, accounting for 26.7 percent of Vietnam’s total foreign investment.-VNA

Source: Vietnamplus

Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.