(Tiểu luận) topic the importation of japan from 2015 to 2022 and suggestion s for vietnam

Top countries that Japan import products from:...11 D.. The same goes for Vietnam,importing goods for industrialization and modernization, contributing to economicand technological restr

NATIONAL ECONOMICS UNIVERSITY

ADVANCED EDUCATIONAL PROGRAM AND POHE

SUBJECT: INTERNATIONAL ECONOMICS

Topic: The importation of Japan from 2015 to 2022 and

suggestion s for Vietnam

Name : NGUYỄN MINH HẰNG

Student code : 11212054

Class : Development economics

Program : Advanced Education

Teacher : Ph.D Nguyễn Thường LạngEmail: langnt@neu.edu.vn, Phone number: 0846902144Study course in : 2 senior nd

Student’s number :0979906893

Email :11212054@st.neu.edu.vn

GUARANTEE

I hereby declare that this assignment is entirely my own work The quotations andmaterials used in the exercise are completely honest, sourced and guaranteed to thehighest degree of accuracy to the best of my knowledge If it is not as stated above,

I take responsibility for my assignment

Hanoi, 14 of Feburary 2023th

StudentsNguyễn Minh Hằng

CONTEN

PART 1: IMPORTS 5

A Definition: 6

B Purposes of Import: 6

C Benefits of Import: 6

D Different types of Import: 7

E Impacts of Import: 9

PART 2: IMPORT OF JAPAN 10

A Overall information about Japan: 10

B Japan's natural conditions: 11

C Top countries that Japan import products from: 11

D Japan import products list: 14

E Why Japanese Yen is falling? 16

PART 3: SUGGESTIONS FOR VIETNAM 18

A The relationship between Vietnam and Japan in the economy: 18

B Vietnam import activities: 19

C Recomanding solutions for Vietnam’s import: 20

CONCLUSION 25

PART 4: REFERENCES AN RELATED DOCUMENTS 26

THANK YOU 27

In the trend of opening up and international economic integration, imports areimportant for the development of economies The same goes for Vietnam,importing goods for industrialization and modernization, contributing to economicand technological restructuring, and promoting production and development.Imports contribute to diversifying products in the market, improving livingstandards and quality of consumption in a number of commodities Importing somegoods for which the country does not have a comparative advantage is completelybeneficial compared to self-producing or exporting Besides, importing specialproducts can absorb technology or learn some aspects of other countries.When a company begins to operate on a global scale, many additional factors canhave a significant impact on its success Importing and exporting goods is not onlythe fundamental basis of any large, successful business; it also aids in the growthand expansion of national economies

Each nation is endowed with unique resources At the same time, a country's ability

to develop and improve its overall economy may be limited For example, whilesome countries are abundant in minerals, precious metals, and fossil fuels, othersare in limited supply Some countries have advanced educational systems andinfrastructure, whereas others do not In the trend of opening up and internationaleconomic integration, imports are important for the development of economies.The same goes for Japan, importing goods for industrialization and modernization,contributing to economic and technological restructuring, and promotingproduction and development Imports contribute to diversifying products in themarket, improving living standards and quality of consumption in a number ofcommodities Importing some goods for which the country does not have acomparative advantage is completely beneficial compared to self-producing orexporting Besides, importing special products can absorb technology or learnsome aspects of other countries

PART 1: IMPORTS.

A Definition:

Import is a process in international trade that involves purchasing goods orservices from other countries Due to limiting factors, this is done legally tomeet basic domestic needs Aside from constraints, another reason is toprofit

Imports are generally made by business actors during the trade process Animporter is someone or something that brings goods into the country.Because the activity is legal, it is necessary to process customs assistance Inaccordance with applicable policies, the government will levy a tax on eachimported good

Because imported goods are obligated to pay, they are more highly pricedbecause the tax rate is already imposed However, not all imported goods arepermitted The government, especially the Customs and Excise Directorate,has strict rules in this regard Illegal drugs, animals, and firearms are amongthe prohibited items

- Importing will end the monopoly status and completely dismantle theclosed economy, self-sufficiency, and self-sufficiency regime

- Importing goods and services that the state cannot produce due togeographical aspects or other constraints helps to meet special needs.

- Importing serves as a link between different domestic and foreigneconomies and markets, facilitating division of labor and internationalcooperation whereas promoting a country's comparative advantages based

on specialization

C Benefits of Import:

In terms of trade, importing refers to the purchase of goods or services fromanother country The importing company or individual then offers theseproducts or services to customers, broadening their purchasing options

to import goods and save money In most situations, they end up ordering inbulk in order to get a better price and reduce spending

2 Becoming an industry leader:

One of the primary advantages of importing products is the possibility ofbecoming a market leader in the field of interest Because developing newand improved products is a never-ending process, many companies all overthe world take advantage of the opportunity to import new and innovativeproducts before their competing companies Being the first to import a latestbrand can quickly propel you to the top of your industry

3 Offering elevated products:

Discover more from:

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Another advantage of importing is the ability to market high-qualityproducts Numerous successful business owners travel to other countries tovisit factories and other highly professional sellers in order to find high-quality products to import into their own nation Furthermore, manufacturersmay provide informative courses and training, as well as introduce standardsand practices, to ensure that the company that sells their goods abroad iswell prepared This happens because manufacturing companies are quitewell conscious that the quality of their products has a significant impact ontheir reputation

D Different types of Import:

1 Importing directly:

The buyer and seller transact directly with each other in this manner, and thepurchase and sale are not binding The buyer cannot buy without firstselling, and the seller cannot sell without first buying Domestic enterprisesimport goods and materials from foreign markets for consumption in thedomestic market To enter into an import business contract, an enterprisemust carefully study the domestic market demand for importing materialsand equipment, fully calculate the costs to ensure effective import business,and so on Thoroughly negotiate trading conditions with exporters whileadhering to national legal corridors and international practices

must provide the entrusting party with financial data, prices, customers, andentrustment order conditions, as well as negotiate and sign the entrustmentcontract The entrusting party must carry out import procedures and iscompensated with an entrustment cost

3 Import and re-export:

Each nation has its own definition of re-export, but they all agree on onepoint of view: re-exporting goods that were imported from other countriesbut had not yet been processed in the re-exporting country That is, importsare not for domestic consumption, but for profit export to a third country.Re-export transactions include imports and exports with the goal ofobtaining more foreign currency than the initial investment This transactionalways involves three countries: the exporting country, the re-exportingcountry, and the importing country

4 Import by joint venture:

Joint-venture import is the practice of importing goods through the voluntarytechnical association of enterprises (including at least one direct import-export enterprise) to coordinate skills and techniques techniques to jointlytransact and propose policies and measures related to import activities,promote this activity to develop in the most beneficial way for both parties,and share profits if losses are incurred

E Impacts of Import:

1 Positive impacts:

- Lower-cost goods or materials This is the most common reason forimporting, and it is true that you can get products for a fraction of theprice here

- Better in quality It is frequently possible to find elevated items abroad,particularly when sourcing high-tech goods

- Increased variety Many items are sold in other regions are not available

in the United States If you put in the effort, you might be able to obtainnew items that will sell well in this market

- Improved access to new items Despite globalization, obtaining newitems is still significantly quicker if you live in the manufacturer'scountry So, if you want to be first, nothing beats working in the item'smanufacturer

2 Negative impacts:

- Some businesses import competitors or substitutes for domestic goods.Because of all of these factors, locally made products in your country'smarket may suffer

- There is a risk that the currency exchange rate will change dramatically.This might result in a loss if the peso falls in value

- There is a risk of piracy Regardless of whether it is unlikely, thispossibility must be considered

- Legal risk This problem comes from both sides What is legal oracceptable in ones country could be a criminal or civil offense in another

- Cultural risk Differences in beliefs and practices can lead to a variety ofmisunderstandings This can be reduced, but not eliminated, by taking acrash course in the culture and practices of the country

PART 2: IMPORT OF JAPAN.

A Overall information about Japan:

Japan is also known for having the most advanced and earliesttechnological, scientific, and industrial innovation in Asia Here areseveral reasons why:

1 Japan had no invasion and this country escaped colonial fate:

Japan, like other Asian countries, faced becoming a colony of Westerncountries, particularly the United States, in the nineteenth century.However, this nation was not invaded Japan can freely developeconomically because it had avoided colonial fate, putting it far ahead ofother countries in the region This is also a solid stepping stone for thiscountry to become an Asian superpower.

2 Have a policy of cooperation and the right direction:

Japan has always been on the right track when it comes to focusing onthe manufacturing industry to promote economic development Manytechnology companies were established and still occur in Japan from theend of the nineteenth century to the beginning of the twentieth century,including Sharp, Panasonic, Toshiba, and Sony Furthermore, because ofits "handshake" policy with the US, Japan is not required to investheavily in defense Their entire budget goes to manufacturing and themanufacturing industry Besides that, Japan has another massive marketthanks to the bilateral security and cooperation treaty with the UnitedStates Therefore, the policy of cooperation with the US plays asignificant role in the formation of the "Japanese miracle" Moreover, theJapanese's inherent creative nature has helped them to improve manyproducts available from other countries and have many uniqueinventions The Japanese economy grew at its fastest between 1960 and1970

3 The government's Abenomics economic policy:

Faced with a favorable development movement, the Japanesegovernment has consistently implemented policies to start raisingpeople's living standards while increasing economic strength TheJapanese government implemented and applied the Abenomics EconomicPolicy, particularly in 2013 After 5 years of implementing this policy,Japan has made notable achievements such as reducing the budget deficitfrom 8.8% to 2.8%, lowering the unemployment rate from 4.3% to 2.8%,and increasing manufacturing industry profit from 4.6 to 8.9% As can

be seen, Japan has always maintained its position in terms of economic

growth as a result of this policy This country currently has the world'sthird largest economy, trailing only the China and the United States.

B Japan's natural conditions:

Japan has a scarcity of natural resources Minerals like iron ore, copper,zinc, lead, and silver, as well as important energy resources like oil andcoal, must be imported The topography and climate of Japan makefarming difficult, and because only a few crops, such as rice, can begrown there, approximately half of Japan's food must be imported fromabroad Along with the European Union and the United States, Japan isone of the world's top three importers of agricultural products in terms oftotal output to meet domestic agricultural product needs, and it alsoimports fish and other agricultural products

C Top countries that Japan import products from:

Japan's main trading partners are China (25% of total imports), theUnited States (11%), Australia (7.1%), South Korea (4.3%), and SaudiArabia (3.7%) Japan is the EU's second-largest trading partner in Asiaafter China, and the two nations account for roughly a quarter of globalGDP The two parties signed an Economic Partnership Agreement in

2019, which became effective in 2019 Furthermore, Japan signed theRegional Comprehensive Economic Partnership (RCEP), arguably theworld's largest free trade agreement (signatories include China, Australia,South Korea, and others, totaling approximately 30% of global GDP).The RCEP agreement went into effect on January 1, 2022

Japan Imports By Country Value Year

Indonesia $28.72B 2022

D Japan import products list:

During 2021, the following product groupings have the greatest dollarvalue in Japan's import purchases:

1 Mineral fuels including oil: US$153.6 billion (20% of total imports)

2 Electrical machinery, equipment: $113.2 billion (14.7%)

3 Machinery including computers: $71.1 billion (9.3%)

4 Pharmaceuticals: $37.2 billion (4.8%)

5 Ores, slag, ash: $33.7 billion (4.4%)

6 Optical, technical, medical apparatus: $28.2 billion (3.7%)

7 Gems, precious metals: $23.9 billion (3.1%)

8 Vehicles: $23.1 billion (3%)

9 Plastics, plastic articles: $17.3 billion (2.3%)

10.Organic chemicals: $16.7 billion (2.2%)1

Mineral Fuels & Oils

The energy industry's major import commodities are crude petroleum oil,petroleum gas, and coal Japan's top energy industry exporting nations are