Japan remains one of Vietnam’s leading economic partners, ranking first in ODA and labour cooperation, third in investment, and fourth in trade and tourism.
Komeri Group is particularly interested in partnering with Vietnam's northern province in two key product categories: agricultural supplies and equipment, and household goods.
Japanese enterprises are keen to expand localization efforts in Vietnam because their localization ratios remain low. Meanwhile, according to the Japan External Trade Organization (JETRO), Vietnamese businesses depend on imports for more than 60 per cent of production inputs, while the impact of Covid-19 continues to disrupt supply chains and increase transportation costs.