The Japan External Trade Organisation (JETRO) opened “GOOD GOODS Japan 2019” in Ha Noi on Friday to create trade connections between Japanese and Vietnamese enterprises.
|A Japanese company meets with a Vietnamese partner at GOOD GOODS Japan 2019 programme hold in Ha Noi on September 27. - VNS Photo Hoang Ha |
As many as 52 enterprises from Japan take part along with around 100 Vietnamese companies.
The purpose of the programme is to support Japanese small and medium enterprises operating in consumer goods to exploit and expand the ASEAN market, especially Viet Nam's potential market, with consumer products having quality, safety and outstanding design, said Tomofumi Abe, JETRO's project director.
Viet Nam is a developing economy with an annual GDP growth rate of more than 6 per cent, leading to an increase in income and the demand for high-quality consumer goods, according to JETRO.
Meanwhile, Japanese consumer goods sector is popular in the world market with products such as kitchen utensils, detergents and cosmetics. The Japanese companies hope to expand overseas including a large Vietnamese market.
This is the sixth trade connection for the consumer goods to meet needs of Japanese and Vietnamese enterprises, Abe said. It is one of the activities implemented by JETRO since 2012 to support Japanese enterprises to exploit markets in ASEAN countries.
"In the previous trade connection programme, many Japanese and Vietnamese enterprises reached many agreements to import Japanese goods into Viet Nam to meet the increasing demand for this product," Abe said.
"Besides that, JETRO has cooperated with Vietrade, the Ministry of Industry and Trade and the Ministry of Planning and Investment to organise similar trade connection activities between businesses of Japan and Viet Nam to promote trade between the two countries."