Vietnam Japan Economic Partnership Agreement

IIA Navigator This IIAs database - the IIA Navigator - is managed by the IIA section of UNCTAD. You can browse THE IIAs that are completed by a given country or group of countries, view the recently concluded IIAs, or use advanced research for sophisticated research tailored to your needs. Please mention: UNCTAD, International Investment Agreements Navigator, available on investmentpolicy.unctad.org/international-investment-agreements/ IIA Mapping Project The IIA Mapping Project is a cooperative initiative between UNCTAD and universities around the world to represent IIA content. The resulting database serves as a tool to understand trends in CEW development, assess the prevalence of different policy approaches, and identify examples of contracts. The Mapping of IIA Content allows you to browse the results of the project (the page will be regularly updated as new results become available). Please quote: UNCTAD, Mapping of IIA Content, available at investmentpolicy.unctad.org/international-investment-agreements/iia-mapping For more information: Mapping Project page Project Description - Methodology document 2. The importance of the Vietnam Agreement is Japan`s 9th largest export partner and 10th largest import partner (2019 Trade Statistics, Ministry of Finance). JVEPA is expected to advance bilateral economic relations to a new level and the agreement will play an important role in creating a comprehensive economic partnership for Asia`s prosperity. Dezan Shira Associates provides business intelligence, due diligence, legal, tax and advisory services throughout Vietnam and Asia. We have branches in Hanoi and Ho Chi Minh City as well as throughout China, Southeast Asia, India and Russia.

To help you invest in Vietnam, please contact us at vietnam@dezshira.com or visit us at www.dezshira.com As economic cooperation intensifies, Vietnam will continue to be a favorable investment destination among Japanese investors. According to a recent survey of 654 companies in Vietnam by the Japan External Trade Organization (JETRO), 65.1% of companies reported a profit in 2017, an increase of 2.3% over 2016. The majority of the beneficiary companies participate in the transformation of exports in manufacturing and manufacturing. In addition, 70% of Japanese companies plan to expand their operations in Vietnam, which is relatively higher than that of regional countries such as the Philippines, Indonesia and China. According to Le Trieu Dung, a multilateral trade and industry official, AJEPA would bring most of the benefits to Vietnamese agricultural products. By pledging to eliminate taxes on 83.8% of Vietnam`s agricultural trade within ten years, the agreement contains Japan`s largest commitment for each ASEAN country. In particular, Japan has introduced 24 tariff lines that reflect some of Vietnam`s most important products, including honey, ginger, garlic, fabric, durian, shrimp and crabs. Shrimps, crabs and various types of fish products received a zero per cent tariff immediately after AJEPA came into force. Given that Japan is Vietnam`s largest seafood export market, Vietnam`s commitment is essential to achieving its export growth target. The agreement also imposes zero tariffs on Japan for 23 of Vietnam`s 30 largest agricultural, forestry and seafood exports, either immediately or until the end of the 10-year period. (Dong Nai Economics, 2014) For honey, the current Japanese quota for Vietnam is 100 tons per year, it is increased to 150 tons per year, quota tax with a duty on the surplus of 12.8%, the Durians tax rate is now 0%, Japan will phase out the pepper and maize tax within 5-7 years; The tax rate on coffee and tea will be reduced to 0% over the next 15 years, and for processed fruit, the tax rate will remain at 0%.

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