Promoting a new wave of Japanese investment in Vietnam in many fields

Prime Minister Pham Minh Chinh and Japanese Prime Minister Kishida Fumio in Hiroshima, Japan, May 21. (Source: VNA)

 This is the first Vietnam-Japan high-level meeting held in Hiroshima, the hometown of Prime Minister Kishida, and the fifth meeting of Prime Minister Pham Minh Chinh and Prime Minister Kishida in more than a year. Congratulating Prime Minister Kishida and the host country Japan for successfully organizing the G7 and G7 Summits, Prime Minister Pham Minh Chinh highly appreciated Japan's coordinating role to reach consensus in resolving the issue. address global challenges such as food security, emission reduction, etc.

 Prime Minister Kishida expressed his pleasure to meet with Prime Minister Pham Minh Chinh again and welcomed the active and effective participation and contribution of the Vietnamese delegation, contributing to the success of the G7 Open Meeting; affirming that Vietnam has a leading position in the implementation of Japan's foreign policy in the region. In the atmosphere of friendship, friendliness and trust, the two leaders expressed their satisfaction about the strong, comprehensive and substantive development of the two countries' relations over the past time; agreed on major directions and specific measures to promote the Vietnam-Japan Extensive Strategic Partnership for peace and prosperity in Asia to new heights.

The two Prime Ministers agreed to strengthen political trust by promoting high-level visits and contacts in 2023, the 50th anniversary of the establishment of diplomatic relations between Vietnam and Japan. Prime Minister Pham Minh Chinh conveyed the invitation to visit Vietnam from the leaders of the Party and State of Vietnam to the Emperor and Empress of Japan. The two sides agreed to promote defense-security cooperation in the fields of overcoming war consequences, training human resources, transferring defense technology and cyber security; promoting the exchange of Japanese support for Vietnam in industrialization and modernization and building an independent and self-reliant economy; affirming to strengthen linkages between the two economies through boosting investment and trade cooperation. The two leaders highly appreciated the completion of procedures for committing capital to the new generation ODA program for economic recovery after the Covid-19 pandemic with a scale of 50 billion yen and agreed to assign ministries and sub-sectors Responsible for discussing Japan's ability to provide new generation ODA with high incentives, simple and flexible procedures for large-scale strategic infrastructure development projects in Vietnam such as the Northern high-speed railway. - South, urban railway construction, climate change fight, digital transformation, green transformation and health; affirmed to direct the ministries and branches of the two countries to accelerate the progress of a number of ODA cooperation projects such as Cho Ray Hospital 2, the construction project of urban railway No. 1 Ben Thanh-Suoi Tien. About Nghi Son Oil Refinery Project. Prime Minister Pham Minh Chinh suggested businesses of the two countries actively exchange in the spirit of harmonizing benefits, sharing risks, and solving difficulties of the project. Prime Minister Pham Minh Chinh suggested the two sides work together to promote a new wave of Japanese investment in Vietnam in the fields of high-tech industry, energy conversion, production capacity improvement and competitiveness. compete for Vietnam to participate more deeply and widely in the supply chain of Japanese enterprises and the global supply chain.

At the same time, the Prime Minister suggested that Japan encourage strategic investors in the field of clean energy and renewable energy in Vietnam; support Vietnam to increase the value chain of agricultural products through technology transfer, capacity building in the field of distribution and processing; promote procedures and coordinate the early announcement of Japanese grapes into Vietnam and Vietnamese green-skinned pomelos into Japan. In addition, the Prime Minister also proposed the Japanese Government to create favorable conditions and simplify procedures in granting visas towards visa-free entry for Vietnamese citizens to promote tourism cooperation between the two countries.  two countries; soon deploy the form of study tourism, pay attention to and create favorable conditions for the community of nearly 500,000 Vietnamese people to live, study and work conveniently in Japan, becoming a bridge in cooperation between the two countries. two countries.

 The two sides affirmed to coordinate their stances on issues of mutual concern at multilateral and regional forums such as ASEAN, the United Nations, and APEC. Prime Minister Kishida invited Prime Minister Pham Minh Chinh to visit Japan again. and attend the ASEAN-Japan Summit in December 2023.

Overview of talks between Prime Minister Pham Minh Chinh and Japanese Prime Minister Kishida Fumio. (Source: VNA)

 Regarding the East Sea issue, the two leaders emphasized the importance of ensuring security and safety of navigation and aviation, and resolving all disputes and disagreements by peaceful means on the basis of international law. economy, especially the United Nations Convention on the Law of the Sea (UNCLOS) 1982; fully implement the Declaration on the Conduct of Parties in the East Sea (DOC), and soon complete an effective and substantive Code of Conduct in the East Sea (COC).

 Before the talks, Prime Minister Pham Minh Chinh and Prime Minister Kishida Fumio witnessed the exchange of documents to sign three ODA cooperation projects with a total value of 61 billion Yen (about 500 million USD), including: Budget support program New generation ODA for post-Covid-19 socio-economic recovery and development, public transport infrastructure improvement project in Binh Duong province, agricultural development infrastructure improvement project in Lam Dong province.