The event was jointly organized by the Department of Economics under the Ministry of National Defense, the Vietnamese Military Business Association, and VJBA.
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Sr. Col. Nguyen Xuan Nghia speaks at the event. |
Speaking at the event, Deputy Director of the Department of Economics Senior Colonel Nguyen Xuan Nghia emphasized that after more than 50 years of diplomatic relations, the friendship and cooperation between Vietnam and Japan are currently at their best, marked by high political trust. Japan remains Vietnam’s top important economic partner, being the largest ODA provider, the second-largest labor cooperation partner, and the third-largest in investment and tourism, while ranking fourth in trade.
The workshop provided an opportunity for military enterprises to showcase their standout products, seek partners, and promote export opportunities in the Japanese market.
Highlighting the significance of the workshop, Trade Counselor of Vietnam in Japan Ta Duc Minh said that it created a strong connection between military enterprises and Vietnamese businesses in Japan, paving the way for mutual development and strengthening the Vietnam-Japan relationship. Experience from VJBA’s member companies will be vital for shortening the Vietnamese businesses' process of penetrating into Japanese market and enhancing their chances of success.
Regarding the potential of the Japanese market for military enterprises, Minh noted that there is still substantial room for cooperation. With a trade volume of approximately USD 50 billion, Japan is Vietnam's leading economic and trade partner.
Japan has signed numerous bilateral and multilateral free trade agreements with Vietnam, including the Vietnam-Japan Economic Partnership Agreement (VJEPA), the ASEAN-Japan Comprehensive Economic Partnership (AJCEP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP). Notably, Vietnam is viewed as a reliable investment destination for Japanese investors. He noted that Vietnamese enterprises must overcome stringent standards to penetrate into this market.
At the event, Vice President and General Secretary of the Vietnamese Military Business Association Senior Colonel Pham Van Thang introduced the potential and strengths of military enterprises, noting their diverse operations across multiple sectors, with many brands in telecommunications, information technology, construction, infrastructure, mining, textiles, leather, shipbuilding, and repairs sectors recognized regionally and globally. In the future, military enterprises aim to enhance their overall development.
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An activity within the workshop |
Additionally, prices of military enterprises’ products are competitive and aligns with consumer preferences for environmentally friendly goods. Therefore, military enterprises are eager to further increase their presence within the Vietnamese business community in Japan and the broader Japanese market.
During the workshop, military enterprises and Vietnamese businesses in Japan discussed trade cooperation opportunities, trade policies, and important considerations for trading in the Japanese market.
Activities within the workshop offered an opportunity for both sides to explore product details, services, and specific needs, thereby increasing commercial collaboration opportunities.
Translated by Tran Hoai