Western Food Processing Export Joint Stock Company (Westfood) has just been a party to nearly 100 exporters and importers of Vietnamese and Japanese agricultural products and foods to participate in the online trade conference of Vietnam – Japan Agricultural and food products 2021.
At the conference, businesses were informed about the market status of Japanese agricultural products and food in 2021 and the following years and updated exporting standards to the Japanese market. This is considered a guideline for Vietnamese export enterprises to penetrate into the market which is considered the most arduous in the world.
View of the conference at the point of the Ministry of Industry and Trade.
In order to facilitate specific access to specialized information, businesses participating in the conference were divided into trading sessions according to each group of fields and products. Based on the needs of Vietnamese enterprises, Japanese enterprises participate in trading sessions and exchange directly with Vietnamese enterprises.
Speaking at the conference, Mr. Vu Ba Phu, Director of the Trade Promotion Department said that in the first 4 months of 2021, despite the epidemic, import and export turnover between Vietnam and Japan reached 16 billion USD, increased by nearly 6% over the same period last year. Vietnam and Japan are members of three free trade agreements, so there are many trade opportunities for businesses, especially the prospect of cooperation and joining the regional and global supply chains.Mr. Makoto Nakamura, an international trade consultant at the Conference also stated that Japan has a great demand for processed foods…
The retail food market such as supermarkets and convenience stores has a size of about approx. 409 billion USD, while the food and vegetable market in hotels and restaurants is about 227 billion USD.
Over the past time, although Japan is the most operose market in the world in terms of importing food in general and vegetables in particular, Westfood has also had a lot of experience working with Japanese partners and exporting high quality canned fruit products to this market. Not only in Japan, the company’s products have also conquered other fastidious markets in Europe, America, the Netherlands, etc. In the current epidemic conditions, the conference is an opportunity for Westfood to expand the export market network further, contributing to strengthen the company’s prestige and brand in the rising-sun country.
Currently, Westfood is investing heavily in raw material areas, especially in areas of GlobalGAP standards, besides, Westfood also constantly focuses on improving and enhancing product quality and design to better meet the increasing demands and requirements of partners not only in Japan but also other nations worldwide.
