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Jul 29, 2014 / 20:09

Strengthening strategic tie between Vietnam and Japan

Japan’s Foreign Minister Kishida Fumio will pay an official visit to Vietnam from July 31 to August 2 and co-chair the sixth meeting of the Vietnam-Japan Cooperation Committee to further promote extensive strategic partnership between the two nations.

The visit was made at the invitation of Vietnam’s Deputy Prime Minister and Foreign Minister Pham Binh Minh.

Vietnam-Japan relations have grown steadily since the fifth meeting of the Vietnam-Japan Cooperation Committee in 2013. Both nations elevated their ties to a new level of extensive strategic partnership for peace and prosperity in Asia during State President Truong Tan Sang’s visit to Japan in March 2014.     

Japan is now Vietnam’s leading important partner and the first G7 which recognised Vietnam’s market economy status in October 2011. At present, Japan is Vietnam's largest ODA provider, leading investor and the fourth trade partner.

Two-way trade turnover reached more than US$24 billion in 2013 and nearly US$10.7 billion in the first five months of the year, of which Vietnam’s exports to Japan hit nearly US$6 billion, up 12.6% against the same period last year.