Vietnam posts 1.86 billion USD trade surplus with Japan

Vietnam saw a trade surplus of nearly 1.86 billion USD from exports to Japan in the first eight months of 2014, representing a 40 percent increase over the same period last year.
Vietnam saw a trade surplus of nearly 1.86 billion USD from exports toJapan in the first eight months of 2014, representing a 40 percentincrease over the same period last year.

According to datareleased by the Ministry of Industry and Trade, Vietnam has exported anestimated 9.74 billion USD in goods to Japan during the eight monthperiod, a yearly increase of 11 percent.

Bizlive.vn quoted theministry as saying that Vietnamese exports of textiles and garments toJapan experienced encouraging growth of 6.5 percent, valued at over 1.6billion USD.

Trade experts forecast that the country's apparelexports to Japan would likely reach 2.7 billion USD by the year-end dueto increasing orders from Japanese importers and the positive influenceof Japanese participation in negotiating the Trans-Pacific Partnership,which would assist in bringing Vietnamese garment exports to the market.

Besidesleather and footwear, seafood, bags and suitcases, exports ofagricultural products to Japan also witnessed a healthy growth, asVietnamese enterprises gradually adapted and then met Japan's technicalbarriers and standards.

In the January to August period,Vietnam's imports from Japan hit 7.88 billion USD, surging 6 percentagainst last year's corresponding period. Among major imports includedmachinery equipment and their parts, computers and components,electronics, steel and steel products, as well as plastic.

Fouryears after inking the Vietnam-Japan Economic Partnership Agreements(VJEPA), many Vietnamese export businesses have effectively exploitedthe advantages of preferential tariffs to boost exports to the Japanesemarket.

However, in order to enhance the share of Vietnam's goodsin this difficult market, exporting companies must study the market fora better understanding of the commitments of the free trade agreements.They must also be prepared to face the challenges of meeting hightechnical standards, especially in overcoming the strict barriersimposed on food products entering the Japanese market.-VNA

See more

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.