Prime Minister Nguyen Xuan Phuc
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The trip, which is made at the invitation of Japanese Prime Minister Shinzo Abe, aims to affirm Vietnam’s consistent foreign policy of deepening the bilateral ties, for the interests of the two countries’ people, and for peace, stability, cooperation and development in the region and the world at large.
The PM told Japanese media ahead of the visit that Vietnam and Japan have enjoyed a deep and wide strategic partnership and friendship of trust worthiness for mutual benefit, peace, stability and development. The cabinet leader said Japan is Vietnam’s top economic partner with two way trade turnover worth more than US$28 billion last year. 2,000 Japanese investors are doing business in Vietnam with 3,000 projects capitalized at US$39 billion.
Vietnam and Japan have enjoyed a deep and wide strategic partnership and friendship
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Japan is the first G7 member country to have established a strategic partnership with Vietnam and recognised Vietnam’s market economy. Japan is the fourth largest trade partner of Viet Nam with the two-way trade turnover hitting US$28 billion in 2015 and US$6.4 billion in the first quarter of 2016.
As of April 20, 2016, Japan ranked second among 114 nations and territories investing Vietnam with a total registered capital of US$39 billion in 300 projects. Japan is the largest Official Development Assistance (ODA) provider for Vietnam, making up 30% of the total ODA commitments from the international donors.
Projects funded by Japan have made great contribution to Viet Nam’s socio-economic development, especially the second terminal of Noi Bai International Airport, Nhat Tan Bridge and Vo Nguyen Giap Street connecting the bridge and the airport.
The two nations enhanced cooperation in education and training over recent years. As many as 45,000 Vietnamese laborers are working in Japan. A Memorandum of Understanding on sending Vietnamese nurses and caregivers to Japan was signed. Vietnam-Japan University was established in July 2014 in Hanoi.
Vietnam wishes to promote bilateral strategic partnership with Japan in particular and G7 member countries in general for regional peace, friendship and cooperation.
