Log in
Business

Vietnam, Japan strengthen economic linkage

Japanese government will provide non-refundable aid of a vaccine storage system worth US$1.8 million for Vietnam and a ship for maritime study.

Given the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in place, Vietnam and Japan would continue to boost economic linkage in trade, investment, agriculture and cooperation between two countries’ localities.

 State President Nguyen Xuan Phuc at the phone talk. Source: VNA

The move was reaffirmed in a phone talk held between State President Nguyen Xuan Phuc and Japan’s Prime Minister Suga Yoshihide on May 11 as the two leaders stressed their commitment for close cooperation for the upcoming 50th anniversary of bilateral diplomatic relations in 2023.

On behalf of the Japanese government and people, Japanese Prime Minister Suga congratulated State President Nguyen Xuan Phuc on his new position, expressing sincere thanks for Phuc’s warmly welcome during the Japanese side’s visit to Vietnam last October.

“Japan gives strong priority to its relations to Vietnam, and is willing to support your country’s development in the next period,” said Suga.

On this occasion, Suga informed the Japanese government would provide non-refundable aid of a vaccine storage system worth US$1.8 million for Vietnam and a ship for maritime study. The government would also launch its General Consulate in Danang in 2022.

State President Phuc expressed his delight at the comprehensive development of Vietnam – Japan relations, including a high level of political trust between the two.

Phuc called for Japan’s further support for Covid-19 vaccines, a proposal that Suga agreed.

The two leaders also stressed the importance of bilateral cooperation in multilateral forum, especially in the UN, ASEAN, and within the Mekong – Japan framework.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam targets to become US’s manufacturing hub in SEA: PM

Vietnam targets to become US’s manufacturing hub in SEA: PM

Vietnam encourages US investors to expand their presence in key sectors such as energy, high technology, semiconductors, AI, aviation, aerospace, and climate change mitigation.

Special consumption tax under scrutiny to avoid negative economic impact

Special consumption tax under scrutiny to avoid negative economic impact

To avoid negative impacts on the economy, specialists and businesses have requested lawmakers to improve their draft on special consumption tax.

Gold hits record highs, market heats up

Gold hits record highs, market heats up

In just one week, SJC gold bars and gold rings surged over VND3 million (US$117.53) per tael, setting new records and fueling a market frenzy.

Vietnam, US businesses sign deals worth US$4.2 billion

Vietnam, US businesses sign deals worth US$4.2 billion

The total value of economic and trade agreements between Vietnamese and US businesses, expected to be implemented from 2025 onwards, is projected to reach approximately $90.3 billion.

Vietnam promises profits for global tech investors: AISC25

Vietnam promises profits for global tech investors: AISC25

Vietnam is actively adopting its approaches to align with global trends in AI and semiconductors.

Vietnam seeks balanced trade relations with US

Vietnam seeks balanced trade relations with US

Both sides agreed on the importance of close cooperation to foster a fair and sustainable business environment.

UOB forecasts Vietnam's GDP growth at 7.1% in Q1

UOB forecasts Vietnam's GDP growth at 7.1% in Q1

Vietnam’s growth momentum will continue, though risks remain.

Clear strategy needed for private sector to thrive: Party Chief

Clear strategy needed for private sector to thrive: Party Chief

It is essential to consistently uphold the principle that citizens and businesses are allowed to do anything that is not explicitly prohibited by law.