Japan attaches importance to Vietnam in foreign policy

08:58 | 25/06/2018 Cooperation

(VEN) - During Vietnamese President Tran Dai Quang’s state visit to Japan from May 29 to June 2, Japanese Prime Minister Shinzo Abe emphasized that Vietnam plays a key role in Japan’s foreign policy.

japan attaches importance to vietnam in foreign policy
Vietnamese President Tran Dai Quang (left) meets Japanese Prime Minister Shinzo Abe

PM Shinzo Abe affirmed that Japan will continue supporting Vietnam in socioeconomic development by providing official development assistance (ODA), strengthening cooperation in high-quality infrastructure projects, and committing to the provision of JPY16 billion (US$142 million) in ODA for a project to enhance vocational training capacity of Vietnam.

The two leaders noted with pleasure the pragmatic and rapid development of the Vietnam-Japan relationship across varied fields, with many similarities in strategic interests. They agreed that 2018 would mark the start of a new development phase in bilateral ties. They also agreed to strengthen economic links for mutual benefit, increase Japan’s investments in Vietnam and join hands in major projects on high-quality infrastructure, energy, personnel training and climate change response, as well as in implementing Vietnam’s industrialization strategy. The two sides will work together in an effort to raise bilateral trade revenues and facilitate the entry of Vietnamese seafood and fruits like litchi and longan into the Japanese market.

The two leaders affirmed that their countries would closely coordinate in organizing activities celebrating the 45th anniversary of diplomatic ties, as well as promoting culture, sports and people-to-people exchanges, towards furthering mutual trust and understanding between their people. They stressed that this is an important foundation for sustainable development of Vietnam-Japan relations in the future.

In the first four months of 2018, trade turnover between Vietnam and Japan reached US$11.7 billion. Vietnam’s exports to Japan stood at US$5.8 billion, an increase of 15.2 percent compared to a year ago, and imports reached US$5.9 billion, a year-on-year increase of 16.1 percent. In 2017, Japan poured US$9.11 billion into Vietnam, a four-fold increase compared to the previous year.

In the first quarter of this year, Japan ranked third among the nations and territories having new projects licensed in Vietnam. In particular, more and more Japanese firms are investing and doing business in Vietnam. Vietnam and Japan have also promoted trade liberalization and made significant contributions to the formation of the recently signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The two leaders witnessed the signing of four documents between the two countries’ ministries and sectors. These

include cooperation on urban construction and development, a non-refundable aid for human resources development

scholarships, cooperation in land and water resource management, measurement, mapping and information on

geographical space, hydro-metrology and remote sensing, and a non-refundable aid for the upgrade of water

drainage ditches in Ho Chi Minh City.

Huong Nguyen