Tag: japan

MUFG is one of Japan’s three largest banking institutions.

Japan is a traditional and stable tourism market for Da Nang.

A recent JETRO survey found that some 60% of Japanese companies in Vietnam will expand their business over the next two years.

Japanese corporation currently imports 500,000 tons of wood pellets from Vietnam.

Da Nang has welcomed 27,000 Japanese tourists since the reopening of international tourism.

Savills HCMC has said that brands from Japan and South Korea occupy nearly half of all retail space in Ho Chi Minh City. CBRE, meanwhile, has said that foreign players continued to expand in the third quarter of the year, with the appearance of many international brands in the fashion, sports, and F&B sectors.

Mr. Shimizu Akira, Chief Representative of the Japan International Cooperation Agency (JICA) in Vietnam, has said that in addition to infrastructure, JICA’s priorities in cooperation with Vietnam are human resources development, healthcare, and carbon neutrality. ODA is expected to continue to play an important role in the development of infrastructure, he said, which is a driving force of Vietnam’s growth.

Vietnam Social Insurance held a conference on October 11 with Japanese FDI enterprises on the implementation of social insurance and health insurance policies. Data from the conference shows that there are currently more than 2,100 Japanese FDI enterprises in Vietnam with nearly 525,000 employees participating in social insurance. Social insurance revenue in this business sector accounts for 12.9 per cent of the total revenue of FDI enterprises in Vietnam.

After its first export batch to Japan in June, the Tan Long Group is preparing for its next batch of A An brand ST25 rice to go to the country in early 2023. A An ST24 rice has also been exported to Sweden, in early 2022. The brand is increasingly entering high-end international markets.

Figures from the Ministry of Labor, Invalids and Social Affairs show that the total number of Vietnamese workers going to work overseas was more than 103,000 in the first nine months of 2022, or 114.47 per cent of the annual plan, of which the number in September increased more than ten-fold over September last year. Japan continues to be the leading destination for Vietnamese workers, with 52,000, or nearly half.

State President Nguyen Xuan Phuc held talks with Japanese Prime Minister Kishida Fumio on September 26 in Tokyo, as part of his visit to the country to attend the State funeral of late Prime Minister Shinzo Abe. The two leaders agreed to strengthen cooperation in post-Covid-19 economic recovery, boost links between the two countries, consider promoting strategic cooperation in priority areas such as providing new generation official development assistance (ODA) to Vietnam, and developing high-quality human resources.

During talks on September 6 with visiting Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung, Japan’s Minister of Justice Yasuhito Hanashi said the country will be hiring people in a number of professions in the immediate future, with the priority on elderly care. The Ministry of Justice will propose expanding the acceptance of trainees as drivers.

Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung is visiting Japan to strengthen labor cooperation between the two countries. The two have agreed to expand the number of Vietnamese workers going to Japan.

According to the General Department of Customs, in the first seven months of 2022, Vietnam’s exports to Japan reached $13.4 billion, up 13.4 per cent year-on-year, while imports from the country totaled $13.9 billion, up 8.9 per cent. Vietnam therefore posted a trade deficit of $440 million with Japan.

On July 22, when receiving Mr. Maeda Tadashi, Chairman of the Board of Directors at the Japan Bank for International Cooperation (JBIC), Prime Minister Pham Minh Chinh asked for the bank’s support in terms of capital, technology, human resources, and governance for Vietnam to develop its energy conversion industry. Mr. Tadashi affirmed that Vietnam is one of two key partners of Japan in ASEAN in terms of implementing climate change response strategies.

The Vietnam - Japan Festival 2022 took place from July 14 to 17 in central Da Nang city, offering unique cultural activities from the two countries and attracting the participation of many organizations and enterprises from both. The “Japan Tourism - Connecting Vietnam - Japan travel agencies” seminar was also held, to promote tourism cooperation between Japan and Da Nang city in particular and Vietnam in general.

Vietnamese Products Week in Japan in 2022 has just taken place, from July 1-3, at the Aeon Lake Town Mori Trade Center in Saitama Prefecture and at all supermarkets and retail stores of the Aeon network in the country. In addition to traditional products, fresh lychee was the highlight this year. The Week is an annual activity held by the Ministry of Industry and Trade and Hanoi in cooperation with the Aeon Corporation to implement the “Promoting Vietnamese enterprises’ direct participation in foreign distribution networks” project.

On June 20, the Ministry of Labor, Invalids and Social Affairs and the Public Interest Foundation International Manpower Development Organization (IM Japan) from Japan signed an MoU on a program sending Vietnamese to Japan on technical internships. The MoU adds more content to expand the selection pool and improve the benefits for the interns.

On May 23, the Japan International Cooperation Agency (JICA) signed a ¥18.871 billion ($148.17 million) ODA loan with the government for the “Disaster Prevention and Control and Climate Change Using Earth Observation Satellites, Phase II” project. The project will apply high-performance Japanese synthetic aperture radar satellite technology.

The “Innovation in science and technology of natural rubber for the global carbon cycle” project will be implemented in Vietnam for five years, from 2022 to 2027. Funded by Japanese ODA through the Science and Technology Research Partnership for Sustainable Development (SATREPS) and implemented by the Japan International Cooperation Agency (JICA) and the Japan Science and Technology Agency (JST), the project focuses on developing advanced technologies to establish a large-scale protein-free natural rubber production process in Vietnam.