JavaScript is off. Please enable to view full site.

Japanese firms to boost investment in Vietnam agriculture: embassy official

Japanese firms to boost investment in Vietnam agriculture: embassy official

Thursday, November 13, 2014, 14:41 GMT+7

The Vietnamese agriculture sector has become more appealing to Japanese businesses, which are expected to launch a new wave of investment in the industry, an official from the Vietnamese Embassy in Japan has asserted.

A number of business delegations from different Japanese localities have visited Vietnam to seek cooperation opportunities in the agro-industry following high-level meetings between the two countries, Nguyen Trung Dung, the embassy’s trade counselor, told Tuoi Tre (Youth) newspaper in an interview published Thursday.

Vietnamese leaders and the local agriculture ministry met with Japanese leaders early this year, while Japan’s Agriculture, Forestry and Fisheries Minister, Yoshimasa Hayashi, discussed agriculture cooperation with his Vietnamese counterpart Cao Duc Phat in June, Dung – head of Vietnam’s trade office in Japan – elaborated.

“These signs indicate that not only the two countries’ leaders but also businesses are interested in investing in Vietnam’s agriculture after a long time of focusing on the industrial sector,” Dung said.

The trade official attributed the shift of focus to the participation of Japan in many trade pacts, including ones with Vietnam, and especially the negotiation of the Trans-Pacific Partnership agreement.

These trade deals require the stakeholders to reduce or eliminate their agriculture protection, and Japan has to comply, he added.

“Japanese food and agriculture firms are boosting outbound investment to increase competitiveness and seek new motivation for development,” Dung said.

Vietnam is one of the ideal destinations for such Japanese firms as the country’s land and weather conditions are favorable for agriculture, but its technology, cultivation techniques and plant seeds are outdated, according to the trade official.

“In the meantime, Japan’s agriculture is assisted by advanced technology, so the two countries can fill in what the other lacks,” he said.

Vietnamese and Japanese relevant agencies are in talks to bring Japan-grown apples to Vietnam in return for the Southeast Asian country’s dragon fruit and mango, Dung said.

Some Japanese firms have also invested in vegetable and mushroom processing plants in Vietnam for export back to Japan and other strict markets, he added.

“It is hoped that Vietnamese rice can grow further in the global market thanks to Japanese technology,” he said.

In order to embrace the new wave of Japanese agriculture investors, Dung said Vietnamese businesses have to seek partners and carefully study the technical barriers they may face when selling fruits to the East Asian country.

“The technical barriers are intended to protect Japanese consumers rather than to discourage exporters,” Dung noted.

“So [Vietnamese] businesses have no choice but to increase the quality of their products.”

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!



Read more




‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news

India bans many single-use plastics to tackle waste

India imposed a ban on many single-use plastics on Friday in a bid to tackle waste choking rivers and poisoning wildlife, but experts say it faces severe headwinds from unprepared manufacturers and consumers unwilling to pay more