Data from Japan Customs, Vietnam raked in 8.6 million USD from exporting medicinal herbs to Japan in 2021.

There remains large room for Vietnam to promote the export of medicinal herbs to Japan.

The Vietnam Trade Office said that Japan has imported a lot of medicinal herbs from Vietnam. However, Vietnamese medicinal herbs account for a small share in the Japanese market, only 1.1 percent of the East Asian country's total import turnover of medicinal herbs.

According to Vietnam Trade Counsellor in Japan Ta Duc Minh, a number of Japanese pharmaceutical companies are interested in and highly valued Vietnamese medicinal herbs.

Sharing Minh’s opinion, Nguyen Van Giap, Director of Hasu No Hana JSC, the exclusive distributor of many Japanese pharmaceutical companies, said that the demand for importing raw medicinal materials from the Japanese market is huge.

China holds a large market share in most of the medicinal products that Vietnam are exporting to Japan.

However, Makoto Tamura, Director of Tochigi Factory of JPS Pharmaceutical Company, said his company plans to expand to its international projects so besides China, the firm intends to import medicinal materials from other countries, including Vietnam.

In order to boost the export of medicinal herbs to Japan, medicinal herb manufacturers and exporters of Vietnam need to pay special attention to planning planting areas, tending and harvesting medicinal herbs, and processing and post-harvest storage in order to meet Japan's strict regulations on food safety and hygiene, Minh said.

To fully tap opportunities in the Japanese market, Minh said that Vietnam needs to develop production chains associated with processing instead of just raw processing with low efficiency, especially focusing on attracting domestic and foreign investment into the sector towards developing large-scale pharmaceutical production and processing centres, he added.

Experts also recommended pharmaceutical material producers and exporters of Vietnam to pay heed to product traceability.

Taruma said his firm attaches great importance to the traceability and understanding of the production of medicinal herbs by farmers to make sure that the quality of the raw materials for medicine production is good.

PPC Chairman of Bac Giang province urges to ensure conditions for export of lychee to the US

(BGO)- Chairman of the provincial People’s Committee (PPC) of Bac Giang province Le Anh Duong on June 7 visited some production and packaging facilities and inspected consumption of lychee in Luc Ngan district.

Six items with export turnover exceeding 5 billion USD in 5 months of 2022

As many as 26 export commodities posted turnover of more than 1 billion USD in the first five months of 2022, accounting for 89.6 percent of Vietnam’s export turnover. Of them, six items enjoyed turnover exceeding 5 billion USD, making up 62.3 percent.

Bac Giang exports nearly 4,000 tonnes of early ripening lychees

(BGO) – The harvest season for early ripening lychee in Bac Giang province started in late May. So far, over 13,400 tonnes of fruits have been consumed domestically and globally.

Bac Giang pays attention to supporting trade promotion and connection to export lychee to the US

(BGO)- Vice Chairman of the provincial People’s Committee of Bac Giang province Phan The Tuan on June 3 afternoon chaired a meeting with Prof. Nguyen Dinh Phu, Chairman of the Vietnamese Entrepreneurs Network in the United States of America (VENUSA), honourary repesentative of Bac Giang province, on trade and investment promotion in the US and connection to export lychee and some farm products of Bac Giang to this market.

Vietnam’s export to EU benefiting from free trade agreement

Vietnam’s export value to the European Union (EU) grew further in the first five months of this year, with a trade surplus of 13.4 billion USD, up nearly 47 percent, thanks to their bilateral free trade agreement.

Source: NDO/VNA