Vietnam and Japan to boost trade and security ties

Japan and Vietnam announced plans to boost trade and economic ties, while also calling for an end to the war in Ukraine, Japan’s Prime Minister Fumio Kishida said during a tour of Southeast Asian nations.

“We’ll strengthen bilateral ties in order to put the economies of both nations back on a clear recovery path in the wake of the coronavirus,” Kishida told reporters in Hanoi. In turn, the two “agreed to boost cooperation in post-pandemic trade, strengthen supply chains and energy transition, in accordance with mutual interests.”

Japan provides more development aid to Vietnam than any other country, and is Vietnam’s third-largest source of foreign direct investment. Bilateral trade rose 8.4% last year to $42.9 billion, according to Vietnam customs data.

Source: asiafinancial.com


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