Vietnam, Japan foster trade cooperation

The Vietnamese Government and the Ministry of Industry and Trade (MoIT) always treasure trade cooperation with Japan, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan told Governor of Japan’s Wakayama prefecture Kishimoto Shuhei during a working session in Hanoi on July 27.
Vietnam, Japan foster trade cooperation ảnh 1At the working session (Photo: MIT)

Hanoi (VNA) – The Vietnamese Governmentand the Ministry of Industry and Trade (MoIT) always treasure trade cooperationwith Japan, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan toldGovernor of Japan’s Wakayama prefecture Kishimoto Shuhei during a workingsession in Hanoi on July 27.

Tan welcomed Governor Kishimoto’svisit to Vietnam on the occasion of the 50th anniversary of bilateraldiplomatic ties this year.

He hailed the authoritiesof Wakayama prefecture for working closely with the MoIT to effectivelyimplement the Memorandum of Understanding on trade and industry cooperation signedin 2018 and renewed in 2021.

Since 2019, both the MoITand Wakayama prefecture have maintained the annual exchange of delegations and tradepromotion missions, and business networkings both in-person and online formats,contributing to fostering trade relations and industrial cooperation between theirbusiness communities.

To further strengthen thecooperative relationship between the MoIT, the Vietnamese business community andWakayama authorities and businesses, Tan suggested focusing oncollaborative activities in various areas, such as promoting trade,facilitating investment, technological transfer and green transition in sectorsof strength such as apparel, aquaculture processing and environment treatment,training and supply of Vietnamese workers to Wakayama firms.

Highlighting the success in opening the new directinternational air route between Wakayama prefecture and Hanoi, Da Nang, GovernorKishimoto wished to work closely with the MoIT to further step up collaborationin workforce training to meet the needs of firms in Wakayama.

Additionally, there is aneed to strengthen bilateral trade, including helping enterprises and productsfrom Wakayama to access the Vietnamese market, which is increasingly favouringhigh-quality products originating from Japan, he said.

Speaking highly of theproposed initiatives, Tan invited the authorities of Wakayama prefecture to send businessdelegations to Vietnam International Sourcing in September and the Vietnam Foodexpoin November, both scheduled to be held in Ho Chi Minh City.

Kishimoto promised to foster comprehensive cooperationbetween Wakayama and MoIT, contributing to further tightening ties betweenVietnam and Japan./.

VNA

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