At a Japan-Vietnam seafood business connection event in Vietnam, which was jointly held by MAFF, the Japanese Consulate General in Ho Chi Minh City, and the Japan External Trade Organisation (JETRO) on March 14 in HCM City, Yoshimatsu Toru, a representative from MAFF, said Vietnam boasts strengths in seafood processing, with numerous large-capacity factories meeting export standards for most global markets.
Japanese seafood enterprises wish to strengthen cooperation by contracting Vietnamese partners to process products destined for export to other markets, he added.
According to Yoshimatsu, in 2023, Japan's total export turnover of agro-forestry-aquatic products and food reached approximately 1.45 trillion JPY (9.77 billion USD). The Japanese government has set a target to increase the figure to 2 trillion JPY by 2025 and 5 trillion JPY by 2030.
The Japanese government is currently implementing activities to promote Japanese aquatic products both domestically and internationally, as well as to diversify export markets, he added.
The business matching event is expected to further step up seafood trade exchange, and cooperation in developing supply chains between the two countries.
