Monday, April 21, 2025

Vietnam, Japan agree to boost trade

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HANOI- Japan and Vietnam agreed on Sunday to boost economic and security ties while calling for an end to the war in Ukraine, Japanese Prime Minister Fumio Kishida said during a Southeast Asia tour.

“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 after meeting with his counterpart, Pham Minh Chinh.

Chinh said the two “agreed to boost cooperation in post-pandemic trade, strengthen supply chains and energy transition, in accordance with mutual interests”.

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

Kishida and Chinh said they discussed regional responses to Russia’s invasion of Ukraine and to disputes in the South China Sea, where China, the Philippines, Vietnam, Taiwan, Malaysia and Brunei have competing territorial claims.

“We agreed that any change in the status quo by force cannot be recognised,” Kishida said, referring to the Ukraine crisis. “We agreed on the need for the war to end immediately.” – Reuters

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