The visit takes place in the context that the two countries are celebrating the 50th anniversary of the bilateral diplomatic ties (September 21, 1973-2023) with many significant activities being held.

President of the House of Councillors of Japan Otsuji Hidehisa.

Two-way trade has been steadily increasing over the years, reaching 40 billion USD in 2020, 42.7 billion USD in 2021, 47.6 billion in 2022 and 24.9 billion USD in the first seven months of this year.

In terms of investment, Japan is the third largest foreign direct investor in Vietnam, following the Republic of Korea and Singapore, with 5,143 active FDI projects worth over 71.2 billion USD as of July 2023.

Japan is also the biggest supplier of official development assistance (ODA) to Vietnam, accounting for around 30% of the total funding from foreign donors to the country. Japan's ODA to Vietnam has amounted to 29.3 billion USD, 1.8 billion USD of which was non-refundable aid.

Apart from economic and trade cooperation, the two countries have also worked effectively together in various areas, including culture, education and training, health care, tourism, locality-to-locality cooperation and labour.

Among the top 10 foreign arrivals in Vietnam in the first five months of this year, Japan was one of the four high-growth Northeast Asian markets, alongside the RoK with over 1.3 million visitors, China 399,000, and Taiwan (China) 252,000 visitors.

The upcoming Vietnam visit by the Japanese official is also expected to contribute to further consolidating and deepening bilateral extensive strategic partnership.

Vietnam, Japan step up labour, employment cooperation

Deputy Minister of Labour, Invalids and Social Affairs Nguyen Ba Hoan has proposed Japan’s Wakayama prefecture pay more attention to vocational training and welfare of Vietnamese guest workers living there.

Vietnam, Japan foster trade cooperation

The Vietnamese Government and the Ministry of Industry and Trade (MoIT) always treasure trade cooperation with Japan, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan told Governor of Japan’s Wakayama prefecture Kishimoto Shuhei during a working session in Hanoi on July 27.

Minister hopes for stronger Vietnam-Japan cooperation

Minister of Public Security To Lam expressed his belief that relations between Vietnam and Japan will grow further in the time ahead while receiving Special Advisor of the Japan - Vietnam Friendship Alliance Takebe Tsutomu in Hanoi on July 26.

Tokyo event connects Japanese investors with Vietnamese localities, enterprises

A conference took place in Tokyo on July 25 to connect Japanese investors with Vietnamese localities, industrial parks, and enterprises.

Luc Ngan receives 10 more lychee growing area codes to export to Australia and Japan

(BGO) – Luc Ngan district (Bac Giang province) has been granted with 9 more lychee growing area codes (GAC) to export to Australia and one code to Japan, reported the Division of Plant Production and Protection (Department of Agriculture and Rural Development).

Source: VNA