Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates


Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

Vietnam, Japan ink economic partnership deal   2008-12-25 - VNA

Vietnam and Japan signed an economic partnership compact in Tokyo on Dec. 25, laying the ground for a stronger bilateral economic, trade and investment cooperation.

Japanese Foreign Minister Hirofumi Nakasone (left), Japanese Minister of Economy, Trade and Industry Toshihiro Nikai (right) and Vietnamese Minister of Industry and Trade Vu Huy Hoang at the signing ceremony (Photo: AFP/VNA)

The Vietnam-Japan Economic Partnership Agreement (VJEPA), signed by Japanese Foreign Minister Hirofumi Nakasone and Vietnamese Industry and Trade Minister Vu Huy Hoang, is expected to come into effect early next year after the two countries complete domestic ratification procedures.

The pact covers a wide range of areas, including goods, services, investment, business environment improvement, labour and technical cooperation.

The enforcement of the VJEPA will help elevate to a higher plane multifaceted cooperation between the two governments, businesses and people of the two countries and lay a firm foundation for building a strategic partnership as agreed upon by Vietnamese and Japanese leaders in 2006, said a joint statement released after the signing ceremony.

Vietnam and Japan started negotiations on the agreement in January 2007 and came to a successful conclusion in October this year after nine rounds of talks. The signing of the VJEPA took place at a time when the two nations are celebrating the 35th anniversary of diplomatic ties.

The same day, Minister Hoang and Japanese Minister of Economy, Trade and Industry Toshihiro Nikai inked a memorandum of understanding on cooperation in the supporting industry.

In the first 10 months of this year, Vietnam-Japan trade value reached 14.4 billion USD, which is estimated to exceed 16 billion USD by the year end, much higher than the target of 15 billion USD set for 2010.



Other news

Vietnam’s economy in 2009: how to fly in bad weather?   2008-12-25

Real estate 2008: hot at first, cold at close   2008-12-25

Black market’s exchange rate soars to VND17,520/US$1   2008-12-25

Electronic sector grows since joining WTO playground   2008-12-25

BUSINESS IN BRIEF 25/12   2008-12-25

Exports reach nearly $63 billion in 2008   2008-12-25

Christmas eve slows trading in HCM City   2008-12-25

Economic growth topped 6 percent in 2008   2008-12-25

Formosa gets tax discount for steel mill   2008-12-25

Official calls for delay in personal income tax law   2008-12-25

HCMC market edges up as investors remain wary   2008-12-25

2009 to be difficult year, but will still offer opportunities: economists   2008-12-24

More advantages for small and medium enterprises in 2009   2008-12-24

Vietnam to put rules on gold trading floors   2008-12-24