Vietnam-Japan Relations on the Rise as Japanese Investments Accelerate in ...
As the two countries celebrate 50 years of diplomatic relations, expectations are high that Japan will accelerate its investment in Vietnam.
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Moody's, a global credit rating agency, has forecasted a gradual decrease in inflation in the Asia-Pacific region, including Vietnam.
Foxconn Technology Group, Apple's largest contractor, has secured a new production site in Vietnam as the company continues to diversify its supply chain away from mainland China, SCMP reported.
China has remained Vietnam's sole trading partner with an import-export turnover of over $10 billion in January 2023, according to statistics from the General Department of Vietnam Customs.
As the two countries celebrate 50 years of diplomatic relations, expectations are high that Japan will accelerate its investment in Vietnam.
In the second half of January 2023, Vietnam's import-export activity saw a 44% decline, reaching $18.08 billion, compared to $32.6 billion recorded in the same period in 2022.
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