Log in
Business

Mekong–Japan relations key to region’s security and prosperity

Five Mekong countries and Japan should continue to boost trade and investment cooperation to ensure long-term development, Prime Minister Nguyen Xuan Phuc has said.

The strategic partnership between Mekong states and Japan remains essential for not only socio-economic development of each member country, but also for peace, stability and prosperity of the region, according to Prime Minister Nguyen Xuan Phuc.

 Prime Minister Nguyen Xuan Phuc at the Mekong - Japan Summit. Photo: Quang Hieu. 

The urgent priority of the partnership at present is to continue containing the Covid-19 pandemic and boosting economic recovery, stated Mr. Phuc at the 12th Mekong – Japan Summit, which was held online on November 13 between Japan and five Mekong countries namely Vietnam, Cambodia, Laos, Myanmar and Thailand.

At the meeting, leaders of the Mekong countries acknowledged progress in the implementation of the Tokyo Strategy 2018 for Mekong – Japan Cooperation, Mekong Industrial Development Vision 2.0, Mekong – Japan Initiative for Sustainable Development Goals toward 2030, and the Kusanone Mekong Sustainable Development Goals Initiative, among others.

The Mekong countries also welcomed a proposal from Japan’s Prime Minister Suga Yoshihide on the Investment Partnership Initiative for Mekong sustainable development, as well as cooperation in expanding regional supply chains, among others.

 Overview of the online Summit. Photo: Quang Hieu. 

Amid severe impacts from the Covid-19 pandemic, natural disasters and geopolitical tensions, leaders at the summit expressed their commitment to continuing fighting the pandemic and rebuilding economies.

Leaders from six countries also stressed the importance of boosting cooperation and economic development along with environmental protection. In this regard, it is essential for countries to ensure the sustainable development of the Mekong river basin and enhance the region’s resilience against climate change.

To further Mekong – Japan cooperation, Mr. Phuc suggested the six countries should continue promoting trade and investment based on their complementary nature and competitive advantages of each other; enhance medical cooperation via information sharing and anti-Covid-19 measures, including the development of vaccines and equal vaccine distribution; and ensure sustainable development of the Mekong river basin and capabilities in tackling climate change.

The leaders agreed on a joint-statement of the 12th Mekong – Japan Summit and plan for Japan to host the 13th Summit in 2021.

Reactions:
Share:
Trending
Most Viewed
Related news
Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam’s startup ecosystem continues to expand rapidly, with strong venture capital inflows and fast growth in digital, AI and green technologies, reinforcing the country’s appeal to global investors.

Vietnamese policymakers push for early launch of gold exchange

Vietnamese policymakers push for early launch of gold exchange

A transparent gold exchange would not only offer a safe investment channel for the public but also provide a foundation for Vietnam to become a regional hub for jewelry manufacturing and exports.

Rosatom commits to advanced-technology Ninh Thuan 1 nuclear plant in Vietnam

Rosatom commits to advanced-technology Ninh Thuan 1 nuclear plant in Vietnam

Rosatom will transfer technology, localize nuclear products in Vietnam and support the development of the country’s nuclear science and industry for peaceful purposes.

Hanoi accelerates innovation reforms to become favorite destinations for investors, technology talents

Hanoi accelerates innovation reforms to become favorite destinations for investors, technology talents

Hanoi is pushing forward a wide range of innovation-driven reforms and investment initiatives as it works to become one of the world’s most attractive destinations for high-tech and strategic investors.

Vietnam mulls sharp rise in casino entry fee for locals

Vietnam mulls sharp rise in casino entry fee for locals

Such higher rates are intended to discourage individuals without adequate financial capacity from entering casinos.

Vietnam’s export strength in 2025 builds solid momentum for 2026 growth

Vietnam’s export strength in 2025 builds solid momentum for 2026 growth

With trade turnover nearing the US$900-billion mark, Vietnam enters 2026 with renewed confidence despite global volatility, rising trade barriers and shifting supply chains. Deputy Director of the Import–Export Department Tran Thanh Hai has outlined the drivers of this growth and the priorities for sustaining momentum next year.

Vietnam sets new trade record as import–export turnover nears $840 billion

Vietnam sets new trade record as import–export turnover nears $840 billion

Vietnam recorded its highest-ever trade performance in January-November as import–export turnover surged, driven by strong export growth and a continued trade surplus.