24.10.2020, 00:56

Vietnam-Japan relations: new development phase

Vietnam-Japan relations: new development phase
Japan's Prime Minister Suga Yoshihide. (Photo: Nikkei Asia)

Japanese Prime Minister Suga Yoshihide's visit to Vietnam comes at a time when the deep strategic partnership between the two countries is developing well. Japan remains Vietnam's leading major economic partner, the largest development aid donor (ODA) to Vietnam and the second largest investor in Vietnam.

Consistent policy

The fact that Prime Minister Yoshihide chose Vietnam as the first country to visit after taking office is in line with his announcement to continue the economic and foreign policy of his predecessor Abe Shinzo. This also shows the consistent policy of the Japanese government for Vietnam, which is based on the far-reaching strategic partnership between the two countries for peace and prosperity.

Japan was the first of the group of seven leading industrialized countries (G7) to receive the General Secretary of the Communist Party of Vietnam in 1995 to enter into a strategic partnership with Vietnam in 2009 and to invite Vietnam’s top politicians to the expanded G7 summit in 2016.

Japan has provided development aid to Vietnam since 1992. Currently, Japan's development aid to Vietnam is one third of total foreign development aid to Vietnam. Japan's development aid is mainly used for projects aimed at reducing poverty and for economic development in Vietnam. Numerous projects have become symbols of the friendly relations between the two countries, such as Noi Bai International Airport and the Nhat Tan Bridge in Hanoi and Tan Son Nhat International Airport in Ho Chi Minh City.

Fifty years after the establishment of diplomatic relations, Vietnam and Japan have become mutual reliable partners within the framework of the profound strategic partners for peace and prosperity in Asia. The Vietnamese Vice Foreign Minister Nguyen Quoc Dung:

“Relations between Vietnam and Japan are special. There is a presence of Japan in all areas of Vietnam. Japan's investments in Vietnam are higher than the average in ASEAN. Japan is also one of the largest investors in Vietnam, especially in development aid. "
Important and reliable partner

Vietnam will continue to be a reliable address for Japanese investors, especially in the technology sector. Additionally, Vietnam continues to be a country that can meet Japanese business demand for labor. The Japanese ambassador to Vietnam Yamada Takio assessed the prospects for bilateral relations:

“Vietnam plays an important role in the post-Covid-19 pandemic economic recovery. In the future, economic cooperation between Vietnam and Japan will achieve major development steps. I think the time when both countries celebrate the 50th anniversary of diplomatic relations will be a special time. On the basis of the good relationship, Japan and Vietnam will seek a new relationship. That is the relationship of equality and mutual respect. "
Against the background of numerous challenges for regional security, the sharing of information, unanimity in consciousness and cooperation for peace and stability in the region are important topics in talks between the Japanese Prime Minister and the Vietnamese leadership on Yoshihide's upcoming visit to Vietnam. In addition, measures to promote economic, trade and investment cooperation between the two countries are discussed.

Hong Van - Thu Hoa