The 34th ASEAN-Japan Forum At the annual forum, delegates highlighted the strong developments in bilateral all-around cooperation over recent times, which, they said, have contributed significantly to peace, security and stability in the region. ASEAN member nations spoke highly of Japan’s active participation in efforts to promote dialogue, cooperation and trust building in the region, through the forums hosted by ASEAN such as ASEAN+3, the East-Asia Summit, the ASEAN Regional Forum, the ASEAN Defence Ministers’ Meeting Plus and the Expanded ASEAN Maritime Forum. They thanked Japan for its support for ASEAN’s central role and solidarity, as well as its contributions to consolidating the regional architecture that is open, transparent, inclusive and rules-based. Regarding economic cooperation, countries acknowledged the vibrant economic-trade-investment ties between ASEAN and Japan, while welcoming the signing of the first protocol amending the … [Read more...] about VN hosts 34th ASEAN-Japan Forum
Asean japan comprehensive economic partnership
34th ASEAN-Japan Forum held in Hanoi
Heads of delegations to the 34th ASEAN-Japan Forum (Photo: VNA) Hanoi (VNA) – The 34th ASEAN-Japan Forum took place in Hanoi on June 3 under the chair of Vietnamese Deputy Foreign Minister Nguyen Quoc Dung and his Japanese counterpart Takeo Mori. At the annual forum, delegates affirmed the significance of the strategic partnership between the Association of Southeast Asian Nations (ASEAN) and Japan. The comprehensive cooperation between the two sides has developed strongly over the past time, significantly contributing to peace, security and stability in the region, they said. ASEAN member countries spoke highly of Japan’s active participation in efforts to promote dialogues and cooperation, and build regional trust, through forums hosted by ASEAN like ASEAN 3, the East-Asia Summit, the ASEAN Regional Forum, the ASEAN Defence Ministers’ Meeting Plus and the Expanded ASEAN Maritime Forum. They thanked Japan for its support for ASEAN’s central role … [Read more...] about 34th ASEAN-Japan Forum held in Hanoi
Vietnam eyes Japan market potential for its exports
US$500 million trade surplus According to the Ministry of Industry and Trade, Vietnam’s exports to Japan reached US$16.7 billion in 2017, an increase of 14.1 percent compared to the previous year. Meanwhile, imports stood at US$16.2 billion, a year-on-year increase of 7.8 percent. As a result, Vietnam posted a trade surplus with Japan of US$500 million. Vietnam’s key exports to Japan maintained growth in 2017, with garments and textiles up 5.4 percent, vehicles and spare parts up 12.7 percent, machinery and equipment up 9.2 percent, and seafood up 18.2 percent. Exports of mobile phones and spare parts almost doubled (96.1 percent), fruit and vegetables grew 69.4 percent, and steel exports were up 251.7 percent. Vietnam’s imports from Japan were machinery, equipment and spare parts at US$4.2 billion, computers and electronic products with US$3 billion, and steel with US$1.4 billion. According to the Ministry of Industry and Trade, Vietnam controlled imports from Japan … [Read more...] about Vietnam eyes Japan market potential for its exports
Japan reaffirms support for ASEAN’s centrality in region
Tokyo (VNA) – Japan reiterated its support for the central role of the Association of Southeast Asian Nations (ASEAN) in the regional architecture at the 33rd ASEAN-Japan Forum held in Tokyo on June 13. The annual deputy ministerial forum, part of the ASEAN-Japan dialogue relations, aimed to review bilateral cooperation and discuss measures for enhancing their strategic partnership. The ASEAN countries and Japan applauded the outcomes in their strategic partnership and cooperation through the implementation of the 2017 Revised Implementation Plan of the Vision Statement on ASEAN-Japans Friendship and Cooperation. Japan is currently the fourth biggest trade partner and the second largest FDI investor of ASEAN. Japan affirmed that ASEAN is an important partner of the country, and it will continue cooperating with and assisting ASEAN in building its community, enhancing connectivity, and narrowing development gap. In particular, Japan will further cooperate with ASEAN in trade, … [Read more...] about Japan reaffirms support for ASEAN’s centrality in region
Trade with Japan Vietnamese enterprises enjoy double advantage
(VEN) - Vietnamese businesses have not taken full advantage of the many benefits provided by trade agreements with Japan, especially in terms of tariff preferences, according to participants at a recent seminar in Ho Chi Minh City. The seminar, sponsored by the Ministry of Industry and Trade, focused on Japanese market information and related import regulations. The Japan-Vietnam Economic Partnership Agreement (JVEPA) and the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP) were both designed to boost business between the two countries. Under VJEPA, in force since October 1, 2009, Vietnam will abolish 90.64 percent of tariff lines by 2026, and Japan will abolish almost 94.53 percent of its tariff lines within 10 years. Japan has committed to reduce its average tax on industrial products – a major Vietnamese import – to 0.4 percent by 2019. Meanwhile, Vietnam’s textile and garment exports to Japan have benefitted from a zero (0) percent tax … [Read more...] about Trade with Japan Vietnamese enterprises enjoy double advantage