Business

Vietnam-Japan trade tops 23 billion USD in H1

Vietnam’s total export turnover to Japan reached 11.38 billion USD in the first six months of 2022, up nearly 13% over the same period last year, according to the General Department of Customs.
Vietnam-Japan trade tops 23 billion USD in H1 ảnh 1Vietnamese businesses introduce their products at Foodex Japan 2022. (Photo: VNA)
Hanoi (VNA) – Vietnam’s total export turnover to Japan reached 11.38 billion USD in thefirst six months of 2022, up nearly 13% over the same period last year, according to the GeneralDepartment of Customs.

Meanwhile, imports from Japan in the period reached 12 billion USD,up 10.6% year on year.

The scale of two-way trade between Vietnam and Japan is only after itstrade with China, the United States and the Republic of Korea (RoK).

Vietnam’s export goods are quite diverse, from agriculturalproducts to processing and manufacturing goods.

During the period, three groups of export goods with the valueof more than 1 billion USD include: textiles and garments, with nearly 1.67billion USD; machinery, equipment, tools and spare parts, 1.364 billion USD;and means of transport and spare parts, 1.2 billion USD.

Three groups of imported goods with turnover of more than 1billion USD, included computers, electronic products and components, with morethan 3.5 billion USD; machinery, equipment, tools and spare parts, 2.14 billionUSD; and iron and steel, more than 1 billion USD.

In 2021, bilateral trade between the two countries reached nearly43 billion USD, of which Vietnam’s exports were valued at 20.13 billion USD andimports were worth 22.8 billion USD./.
VNA
#Japan #export turnover #goods #electronic products #Vietnam Plus #Vietnam News Agency Japan
Follow VietnamPlus

Related News

Vietnamese Goods Week underway in Japan

Vietnamese Goods Week underway in Japan

The Vietnamese Goods Week 2022 is taking place at over 350 supermarkets and stores run by retail giant AEON across Japan and on its website until June 3.
CPTPP prompts Vietnam’s aquatic exports to Japan

CPTPP prompts Vietnam’s aquatic exports to Japan

Vietnam is eying great opportunities in exporting aquatic products to the Japanese market thanks to the high level of openness of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to insiders.

See more

Prime Minister Pham Minh Chinh (centre) and other delegates attend the groundbreaking ceremony for the Ninh Binh–Hai Phong Expressway Project’s section passing through Nam Dinh and Thai Binh provinces. (Photo: VNA)

Transport, industrial development essential for Thai Binh to be wealthier: PM

​The groundbreaking ceremonies of the Ninh Binh–Hai Phong Expressway Project’s section and the Hung Phu Industrial Park in Thai Binh affirm the government’s determination to create an attractive investment and business environment for both domestic and foreign investors; foster provincial and regional connectivity, generate momentum and open new development space for Thai Binh and the northern coastal region.

Representatives from Vietnam Airlines and Russia’s state-owned VTB Bank exchange the MOU on cooperation. (Photo: nhandan.vn)

Vietnam Airlines signs MoU on cooperation with Russia's VTB Bank

The MoU also demonstrates Vietnam Airlines' efforts to expand its partnership in the international market, while affirming its pioneering role in connecting Vietnam with the world, contributing to the sustainable development of Vietnam-Russia relations in the new period.

An auto assembly line at Kim Long Motor Hue in the Chân May - Lang Co Economic Zone in the central city of Hue. (Photo: VNA)

Vietnam eyes 8% growth in 2025 through strategic reforms

With decisive policy actions, proactive diplomacy and strategic reform priorities, the country is now aiming for an ambitious GDP growth target of 8% or more this year - a goal lawmakers and experts believe is within reach, provided key breakthroughs are implemented effectively.

Hanoi applies a model providing support in business establishment. (Photo: hanoimoi.vn)

Hanoi targets 30,000 new enterprises in 2025

By the end of 2024, the number of registered enterprises in the capital city reached over 400,000, with about 220,000 operating. Notably, more than 98% of the operating firms are SMEs which create jobs for 55.1% of the local workforce and contribute over 40% of the city’s gross domestic product (GDP).

Delegates press the button to activate TH Group's milk processing plant in Borovsk district in Kaluga oblast of Russia on May 11. (Photo: VNA)

TH Group inaugurates large-scale dairy processing plant in Russia

The plant has a total capacity of 1,000 tonnes per day, with the first phase producing 500 tonnes daily. All milk used at the plant is sourced from TH’s high-tech farms in the Moscow and Kaluga oblasts. TH milk boasts a high nutritional profile, with a fat content of 4.0% and protein at 3.2% — among the highest quality levels in Russia.

General Secretary of the Communist Party of Vietnam (CPV) Central Committee To Lam speaks at the Vietnam-Russia business forum in Moscow on May 11. (Photo: VNA)

Vietnam creates favourable conditions for Russian businesses: Party chief

Lam emphasised that promoting cooperation among businesses of the two sides plays an important role in implementing high-level agreements on socio-economic development. The two sides have important pillars of cooperation in energy, industry, science - technology and human resource training.

Automobile assembly at GMA Automotive Industry in Kim Dong district, Hung Yen province. (Photo: VNA)

Ample room remains for Vietnam-Belarus trade cooperation

The coming state visit to Belarus by Party General Secretary To Lam is expected to create new impetus to consolidate and strengthen the bilateral relations, and open up opportunities for businesses of the two countries in trade and investment cooperation.