Japan has been Vietnam's third largest trading partner and the two largest export market in recent years.

The bilateral trade between Vietnam and Japan in 2011 amounted to US $21 billion.

Exports to Japan amounted to $11 billion, up 39% from the same period a year earlier.

The bilateral trade between Vietnam and Japan in the first 7 months of this year amounted to US $14 billion, of which Vietnam's exports to Japan amounted to US $7 billion, and the amount of imports from Japan amounted to US $6 billion.

Vietnam exported the most important products to Japan in the first 7 months of this year, including crude oil ($1 billion 600 million) and

(US $1 billion 50 million), accounting for 21.6% and 13.9% of the total value of Vietnam's exports to Japanese products.

After nearly 40 years of diplomatic relations between Vietnam and Japan, Japan has become an important partner of Vietnam in many fields such as politics, economy, trade, investment and tourism. The two countries signed assistance in 2009 to build a strategic partnership.

According to Mr. Masaaki Okano, the representative of Japanese Asia New Power, Vietnamese enterprises should actively study the Japanese market, especially the quality requirements, design aspects and relevant laws and regulations of the products, so as to promote Vietnamese goods to enter the Japanese market.

In Vietnam, Japanese and foreign-funded companies continue to grow in exports, accounting for Vietnam's products to Japan.

More than 50% of the total amount.

Vietnam and Japan have signed bilateral agreements to promote bilateral economic, trade, investment and tourism cooperation.