Saturday, March 31, 2007

Vietnam and Japan build trade before Asian Cup

With the Vietnam Football Federation getting ready to host the national men's team of the Japan Football Association during the group stage of the Asian Football Confederation's prestigious Asian Cup in July, their governments have just completed the second round of talks for an Economic Partnership Agreement. Trade between the two countries is expected to rise to US$17 billion in 2010 from nearly $10 billion dollars last year. Vietnam exported nearly $6 billion worth of goods to Japan last year, mainly crude oil, coal, textiles, garments, seafood, and farm products.

Vietnam hosts Group B of the Asian Cup, which includes Japan and the two oil-rich Arab Gulf states of Qatar and UAE. The Vietnam National Administration of Tourism expects to double the number of Japanese tourists to 500,000 in 2007.

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