Vietnam, Japan boost cooperation
The two countries are facing maritime disputes with China.
The two countries are facing maritime disputes with China.
Under a “New Level” cooperative relationship, Japan and Vietnam will collaborate at various levels.
It is estimated that 270,000 people will benefit from the project’s interventions with at least 3,500 people from vulnerable groups.
The Japan-Vietnam strategic partnership has been strengthened over the years.
The result remained positive at a time when the Covid-19 crisis led to a 35% contraction in global FDI flows to US$1 trillion, the lowest level since 2005.
Vietnam’s agricultural exports surged 27.8% year-on-year to US$21.4 billion in the first six months, or 13.7% of the country’s total export turnover.
Vietnam offered vaccination to more than 1,000 employees of foreign non-governmental organizations (NGOs).
Japan has recently provided two million doses of the Covid-19 vaccine to Vietnam, not to mention uncountable support since early 2020.
UK-based lexology.com said Vietnam's economy is in a favorable position compared to other countries in attracting FDI during the Covid-19 pandemic.
With this deal, the Japanese firm has become the third-largest shareholder at Petrolimex with a total share amount of 63 million, or a 4.87% stake.