Breaking the disadvantage, increasing Vietnamese exports to the Japanese market

Published 2023년 5월 1일

Tridge summary

The article highlights the potential for export growth to the Japanese market for Vietnamese textiles, footwear, agricultural, and aquatic products. Despite being the fourth largest export market for Vietnam, the country only accounts for a small percentage of the market share in some categories. Factors limiting export growth include strict Japanese import standards, lack of market knowledge, and weak management capabilities. To improve export performance, Vietnamese businesses are encouraged to collaborate with Japanese enterprises, understand market trends, and focus on producing diverse, customizable, and quickly turnaround products. Additionally, efficient transportation for agricultural products and competitive pricing are key strategies for success in the Japanese market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Lots of room for development Assessing the potential of exports to the Japanese market at the seminar "Promoting trade relations between Vietnam and the Japanese and Korean markets in the new situation" held recently, Mr. Do Quoc Hung, Deputy Head of Department Head of the Asia-Africa Market Department, Ministry of Industry and Trade, said that Japan is the fourth largest trading partner (after China, South Korea and the United States), and the fourth largest export market (after the United States). , China, Korea), the 3rd largest import market (after China, Korea) of Vietnam. From the statistics of Vietnam's export turnover to Japan and the size of this country's consumer market, it is possible to see the potential and opportunities for export to the Japanese market. Especially in the key fields of Vietnam such as textiles, footwear, agricultural and aquatic products, the export potential to this market is still very large. Typically, Japan's textile and garment import turnover ...

Source: Haiquanonline