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VIETRADE - Vietnam’s imports from Japan:
Imports from Japan reached more than USD 7.4 billion with the major categories being machinery, equipment and spare parts of computers and electronic products, iron and steel, fabrics and all kinds of transport vehicles. In spite of many efforts, Vietnam’s imports from Japan are not as much as with other markets in Asia.
Table 1. STATISTICS OF MAIN IMPORTS FROM JAPAN IN THE FIRST 9 MONTHS OF 2011
|
Country/Main Exports
|
Unit
|
September 2011
|
First 9 months of 2011
|
| |
Volume
(Ton)
|
Value
(USD)
|
Volume
(Ton)
|
Value
(USD)
|
|
JAPAN
|
|
|
838,940,026
|
|
7,421,929,531
|
|
Fishery products
|
USD
|
|
4,944,082
|
|
28,086,741
|
|
Milk and milk products
|
USD
|
|
95,202
|
|
1,867,257
|
|
Animal fodders and animal fodder materials
|
USD
|
|
190,714
|
|
1,371,381
|
|
Tobacco materials
|
USD
|
|
1,219,691
|
|
27,012,506
|
|
Petroleum products
|
Ton
|
|
|
84,966
|
77,309,406
|
|
Other petroleum products
|
USD
|
|
3,058,527
|
|
24,967,608
|
|
Chemicals
|
USD
|
|
18,115,548
|
|
176,911,348
|
|
Chemical products
|
USD
|
|
21,335,908
|
|
191,389,768
|
|
Pharmaceutical materials
|
USD
|
|
|
|
341,673
|
|
Pharmaceutical products
|
USD
|
|
2,316,457
|
|
14,297,200
|
|
Fertilizers
|
Ton
|
28,745
|
7,504,848
|
184,625
|
40,242,835
|
|
Insecticides, rodenticides and materials
|
USD
|
|
1,731,693
|
|
24,017,723
|
|
Plastics
|
Ton
|
8,960
|
24,326,912
|
85,686
|
225,643,895
|
|
Plastic products
|
USD
|
|
43,285,664
|
|
319,051,749
|
|
Rubber
|
Ton
|
2,127
|
7,363,329
|
19,404
|
67,517,129
|
|
Rubber products
|
USD
|
|
6,574,697
|
|
56,118,954
|
|
Wood and wooden products
|
USD
|
|
408,361
|
|
3,970,318
|
|
Paper
|
Ton
|
3,095
|
4,107,261
|
41,074
|
47,738,086
|
|
Paper products
|
USD
|
|
4,179,239
|
|
39,186,363
|
|
Yarn
|
Ton
|
371
|
2,921,847
|
3,368
|
21,334,332
|
|
Fabrics
|
USD
|
|
42,534,013
|
|
362,332,356
|
|
Textile, leather and foot-wear materials and auxiliaries
|
USD
|
|
13,779,393
|
|
124,494,186
|
|
Precious stones, precious metal and articles thereof
|
USD
|
|
2,635,870
|
|
19,379,051
|
|
Ferrous waste and scrap
|
Ton
|
3,067
|
1,542,870
|
26,936
|
13,808,489
|
|
Iron and steel
|
Ton
|
103,676
|
99,083,445
|
1,395,671
|
1,166,331,312
|
|
Iron and steel products
|
USD
|
|
30,060,097
|
|
261,980,439
|
|
Other base metals
|
Ton
|
2,549
|
13,878,665
|
22,729
|
117,346,975
|
|
Other base metal products
|
USD
|
|
6,806,424
|
|
62,424,181
|
|
Computers, electrical products, spare-parts and components thereof
|
USD
|
|
117,650,574
|
|
754,247,557
|
|
Electric consumer products and parts thereof
|
USD
|
|
500,363
|
|
5,630,739
|
|
Telephones, mobile phones and parts thereof
|
USD
|
|
3,879,972
|
|
12,776,711
|
|
Machine, equipment, tools and instruments
|
USD
|
|
229,918,923
|
|
2,012,819,534
|
|
Insulated wires and cables
|
USD
|
|
11,819,300
|
|
79,301,690
|
|
Motor vehicles
|
Unit
|
167
|
8,827,309
|
4,101
|
136,247,880
|
|
Parts and accessories of motor vehicles
|
USD
|
|
33,472,416
|
|
287,392,905
|
|
Motorcycles
|
Unit
|
|
|
128
|
625,055
|
|
Parts and accessories of motorcycles
|
USD
|
|
9,372,555
|
|
65,923,596
|
|
Other means of transportation, parts and accessories thereof
|
USD
|
|
9,537,182
|
|
197,282,775
|
(Source: General Department of Customs)
In June 2008, the two countries began to work on the third phase of the Vietnam - Japan Joint Initiative for improving Vietnam’s investment environment and its competitiveness, supporting the Development Triangle and cooperation in the East – West Corridor and the Greater Mekong Sub-region, as well as addressing traffic congestion in Hanoi and Ho Chi Minh city. Both sides have already completed the third phase and just launched the fourth phase focusing on 70 articles.
Japan is one of the Vietnam’s largest investors. By October 2011, Japan had 1,600 operational projects in Vietnam capitalized at USD 22.3 billion, ranking fourth amongst foreign investors in the country. Until now, many large Japanese corporations have been present in Vietnam with reputable, competitive and high technical content products, namely, Sumitomo, Toyota, Honda, Mitsubishi, Hitachi, Toshiba, To To. The above groups have invested in infrastructure, support industries and training high quality labor resources. Vietnam hopes that, in the future, not only large Japanese corporations but also small and medium enterprises, especially in supporting industries, come to promote investment into Vietnam. Newer news items:
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