HCM City (VNA) – Trade between Vietnam and Japan could reach 16.2 billion USD this year, exceeding the 2010 target of 15 billion USD, according to the Japanese customs agency.
Vietnam ’s exports will be worth 8.2 billion USD, an increase of 21.1 percent over last year.
It the first half of the year, trade was worth more than 8.1 billion USD, up 45.5 percent year-on-year.
Vietnam exported goods worth 4.1 billion USD, up 41.7 percent, while its imports were up 49.8 percent.
According to Vietnam’s overseas trade office in Japan, exports soared in the last few months because crude oil prices ruled high and Vietnam shipped more oil to Japan,
Other key exports like coal, coffee, small motors, electrical and other cables also did well in the first half.
To further increase exports to Japan , the trade office said, Vietnam needs to strengthen quality and distribution networks.
Vietnam seeks to export more products to Japan , including sausages, soybeans, fertilizers, electronics, household electrical lamps, frozen vegetables, and animal feed.
Vietnam also plans to carefully study and set up a distribution network in Japan for garment, textile and coffee products.-Enditem
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