Vietnam Japan Business Cooperation Trade Promotion

Vietnam Japan business cooperation is flourishing, marked by significant events like the recent Global Training School program. This initiative, fostering stronger economic ties, saw JCI South Saigon and JCI Vietnam host approximately 80 Japanese and Vietnamese businesses from June 6-8, 2023. Vu Phong Energy Group, a committed sponsor, underscores its deep expertise and experience in sustainable development, actively contributing to this bilateral growth. This collaboration highlights shared commitments to green energy solutions and strengthens the trustworthiness of Vietnam as a key market for Japanese investors, paving the way for future prosperous ventures.

The Global Training School program, an exchange and trade initiative with the JCI Kinki delegation from Japan, recently concluded. This annual program, hosted by JCI chapters in Japan’s Kinki area (Osaka, Kyoto, Nara, Himeji, Nishinomiya, etc.), aims to facilitate networking and deeper understanding of member businesses and local markets across JCI countries in the Asia-Pacific region. After a three-year hiatus due to the Covid-19 pandemic, the Global Training School resumed this year with Ho Chi Minh City as its destination. This event also commemorated the 50th anniversary of diplomatic relations between Vietnam and Japan, with JCI South Saigon serving as the proud organizer.

Over 80 Japanese enterprises and several Vietnamese businesses participated in the exchange and trade program

More than 80 members from 27 JCI chapters in the Kinki area, including Japanese business leaders and several Vietnamese enterprises from various sectors, actively participated in this significant networking event. The program created an invaluable platform for Vietnamese and Japanese companies to connect, exchange ideas, and explore potential collaboration. Japanese businesses also had the opportunity to visit various factories, gaining first-hand insights into Vietnamese enterprises. Participants attended a seminar on “Enhancing Vietnam-Japan Trade Cooperation” presented by high-level specialists from the Japan International Cooperation Agency (JICA) and engaged in a productive Business Matching session, effectively promoting bilateral cooperation and business collaboration potential.

Vu Phong Energy Group anticipates that its sponsorship of this meaningful Global Training School program will foster effective collaboration between Vietnamese and Japanese enterprises, further enhancing bilateral cooperation. This will lead to robust development and deliver additional value to both individual businesses and society, driving progress towards sustainable development in the region.

Mr. An, Pham Dang – Deputy General Director of Vu Phong Energy Group at the Program

Vu Phong Energy Group is actively collaborating with several Japanese enterprises in Vietnam on the journey toward sustainable development and green energy adoption. At the beginning of 2023, Vu Phong successfully developed and transferred a 1 MWp rooftop solar power system for Vietnam Nippon Seiki, a subsidiary of Nippon Seiki Co., Ltd., a leading global supplier to the automotive and motorcycle industries and one of Japan’s largest measuring instrument manufacturers. Nippon Seiki Vietnam now holds a significant market share in Vietnam for motorcycle speedometers, serving as the main supplier to leading brands such as Honda, Yamaha, and Piaggio. Furthermore, Vietnam Nippon Seiki’s products are exported across ASEAN and beyond.

Recently, Vu Phong Energy Group held discussions regarding business collaboration potential with TMEIC, a Japanese joint venture between Toshiba and Mitsubishi Electric that specializes in comprehensive electrical system and automation solutions for large-scale facilities. Both parties exchanged insights and discussed solutions, their respective strengths, and possible future collaboration prospects in renewable energy solutions.

A 1 MWp rooftop solar power system at Vietnam Nippon Seiki’s factory by Vu Phong Energy Group provided EPC General Contractor services

Since the establishment of diplomatic relations in 1973, Vietnam and Japan have fostered a friendly and cooperative relationship across various areas, including politics, economics, culture, and sports, from national leadership to grassroots levels. The year 2023 marks the 50th anniversary of these diplomatic relations, a time to reflect on the past five decades and lay the foundation for further elevated development of the relationship, extending to regional and global levels as equal, mutually beneficial partners.

Vietnam continues to be regarded as a key market for Japanese investors. According to the Japan External Trade Organization’s (JETRO) Survey on Business Conditions for Japanese Companies Operating Overseas in FY2022, a remarkable 60% of Japanese businesses plan to expand their activities in Vietnam within the next 1-2 years. This represents the highest rate in ASEAN, surpassing Thailand (40.3%), Indonesia (47.8%), and Myanmar (11.7%), demonstrating significant Japanese investment in Vietnam renewable energy and other sectors. For further insights into Vietnam-Japan business relations, please refer to this article.

Vu Phong Energy Group