Many opportunities for cooperation Vietnam and Japan

TT - In terms of knowledge about the market is quite limited, there are many differences in standards and quality requirements of goods between Vietnam and Japan selected the joint venture will help the two countries promote opportunity, business efficiency.
This trend is getting more attention than 200 guests is now Vietnam and Japan in the seminar "Vietnam market Japanese business perspective" by Tuoi Tre newspaper in collaboration with Mainichi newspaper held on 14-3.

This trend is getting more attention than 200 guests is now Vietnam and Japan in the seminar "Vietnam market Japanese business perspective" by Tuoi Tre newspaper in collaboration with Mainichi newspaper held on 14-3.

Open up opportunities

Wong Hong Phuong, a member of the Board of Directors of JSC steel Nguyen Minh Vina (Long An), said shortly after the conference, the company has worked with Kanematsu Corporation and initial information beneficial to the cooperation. Companies are importing iron coils from Japan accounted for 30-40%, so this is an opportunity looking for distribution partners.
Japanese market accounted for 50% of the export turnover of the company, Mr. Le Van Hung, deputy director of trade and services Minh Phuong - Japanese share market requires strict product quality should be outside the enhancements, product changes, looking for partners for joint ventures and also the way businesses choose to penetrate this market.

For consistency in investment cooperation

PM 14-3, at seminars in infrastructure strengths of Japanese firms (one of the workshops of the program for investment promotion Vietnamese enterprises - Japan jointly by Tuoi Tre with Mainichi newspaper organizations), Nguyen Mai Bao Tram, deputy director of CII (HCMC) said that in the next five years, CII is committed to invest at least 23,000 billion in six projects in the roads and bridges, clean water production and wastewater treatment. Therefore, the CII also looking for partners for joint development projects, which are of interest to Japanese investors.
He Morifusa Ueda, director of business Mainichi newspaper said the infrastructure sector is one of the strengths and attract the attention of Japanese investors. However, in order to persuade more Japanese investors, Vietnamese businesses need consistency in plans and projects, should not happen every half year status change request confuse the Japanese business Vietnamese do not know what they have to do.

According to Nguyen Trung Dung, Vietnamese commercial counselor in Japan, Vietnam has strong products for export to the Japanese market are many, including: fruit and vegetables tropical, diverse fishery products, goods handicrafts, agricultural products ... In the group of agricultural and fishery products should be noted that dragon items growth through the Japanese market is quite high, reaching $ 3 million in 2012. Some other items have a lot of potential and strength of the shrimp, market shrimp from Vietnam always head over Thailand, Indonesia. However, Vietnamese goods exported to Japan accounts for only 1.7% of the import demand of the market.

"The Vietnamese exports to Japan is too small and not commensurate with the potential trade between the two countries. Fruits and vegetables, fruits us such delicious but only we know. Except for Japanese tourists to Vietnam, where the Japanese have said, "Dung said.

According to the roadmap implementation of trade agreements signed between the two countries, hundreds of agricultural products and foodstuffs in Japan will be reduction as 2014 many seafood items in the group tax rate of 0% is white octopus, jellyfish, so the opportunity to do business with the Japanese business very much.

According to Dung, Vietnamese enterprises should not only focus on the big items. There are new items heard very little thought, not many business opportunities, but actually has a huge consumer market. As in the case of screws, sounds very normal, but it is very widely used in manufacturing, civil construction, industrial, highway ...

Japanese firms interested in food

According to Japanese businesses, Vietnamese restaurant in Japan is more difficult, but if Japanese firms investing in Vietnam, the production and export to Japan easier than understanding the market and the procedures and standards for imported goods. This is also the trend of Japanese firms are paying attention. He Suetake Jun, Kanematsu trade group, said it is in food production in Vietnam, and then exported to Japan and European countries. In addition, Kanematsu are stepping up joint ventures with Vietnamese enterprises to develop business in Vietnam.

According to Nakajima Kazuo Brain Works Company, specialist broker advising Japanese enterprises in Vietnam market, since the earthquake - tsunami month 3-2011, Japanese firms began to expand business more abroad, they entered the Asian market, including Vietnam. Vietnamese market is expanding, and the opportunity to do something great here. The business sector in Vietnam to seek cooperation not only help enhance the value of products but also goods produced in Vietnam and exported to many countries and can be deployed on the spot market.

According to Nakajima Kazuo, food hygiene and safety issues between Japan and Vietnam have many differences, the clear distance between the two sides is very important and the way joint venture, cooperation will promote effective trade more. For example, food processing, just touching hands will increase the risk of infection or in agricultural products, the Japanese concern the use of pesticides, chemical seafood is ... In Japan, these issues are very strict control. "We've worked hard to learn the agricultural use of fertilizers and pesticides, the production process is. In Vietnam, there are many small scale aquaculture facilities. Need to link these facilities on a clue to Japanese businesses track information "- he Suetake Jun suggestion.

How to work effectively?

Mr. Nguyen Trung Dung said in Japanese human-related products must pass through a very stringent inspection process. Meet or are not in the business itself. However, if done with Japan, as in many other markets. Now the Japanese have adopted a number of laboratories in Vietnam to be tested on Japanese goods. Therefore, Vietnamese businesses have partnership, joint venture with Japanese firms will be more smoothly. Also make use of the science and technology of Japan to limit exports of crude, started a joint venture with each other is also a good way to develop complementary.

Second is the issue of the protection of food safety and hygiene. For years, Vietnamese goods to Japan and returns conditions, if the two countries to accept each other accreditation agencies, will avoid double exports, help pay for the last time. Especially Vietnamese enterprises need to change business practices, from food safety issues, must be thinking, long-term vision, rather than making 1-2 business style.

According to Tran Kim Chung - Chairman CT Group, doing business with the Japanese should be prepared carefully, thoroughly new. Initially difficult, but when done will be very smooth. Enterprise should not be struggling to do that using the consulting firm in Japan, they have a very professional service.