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Bilateral Economic Performance Q1
Comparison of year-on-year changes in trade and investment between Japan and Vietnam.
Primary Sources
Japan PM Takaichi arrives in Vietnam to discuss energy supply cooperation
Japanese Prime Minister Takaichi Sanae has arrived in Vietnam's capital Hanoi for her five-day tour of the country and Australia. The tour is aimed at securing stable supplies of energy and critical materials. Before heading to Tokyo's Haneda Airport on Friday, she said cooperation is vital to beef up supply chains in Asia amid tensions in the Middle East. On Saturday, she is scheduled to meet Vietnam's President and General Secretary of the Communist Party To Lam and Prime Minister Le Minh Hung. They are expected to affirm stronger cooperation to secure oil-derived medical products and energy supply. She will also deliver a speech at a Vietnamese university on Japan's foreign policy, including the concept of a free and open Indo-Pacific proposed 10 years ago by then Japanese Prime Minister Abe Shinzo. She will likely also touch on expanding the Trans-Pacific Partnership trade pact, as well as improving coast guard capabilities and other security cooperation. On Monday, she will meet Australian Prime Minister Anthony Albanese. Preparations are underway for a joint declaration on economic security that is likely to spell out cooperation aimed at stabilizing supplies of liquefied natural gas and critical resources.
Japan's Takaichi pledges deeper energy cooperation with Vietnam ...
Takaichi signs six agreements with Vietnam, including on technology, agriculture and space, during a trip to Hanoi.Japan’s Prime Minister Sanae Takaichi says the country will boost ties with Vietnam, with a focus on energy and critical minerals.Takaichi met her Vietnamese counterpart, Le Minh Hung, on Saturday in Hanoi, where they signed six agreements on issues ranging from infrastructure to agriculture to space cooperation.Recommended Stories list of 4 itemslist 1 of 4Japan builds up its ‘southern shield’ as faith in US security cover falterslist 2 of 4Japan lifts ban on lethal weapons exports in major shift of pacifist policylist 3 of 4Philippines accuses China of using cyanide to poison South China Sea atolllist 4 of 4From Australia to Vietnam, the Iran war is fuelling demand for EVsend of list“The two sides identified economic security as a new priority area for bilateral cooperation,” Takaichi told reporters after the meeting.“With regard to critical minerals … both sides agreed to strengthen close coordination to ensure stable supplies and reinforce supply chains,” she added.Hung said the two leaders also “reaffirmed the importance of resolving disputes in the South China Sea through peaceful means based on international law”.Japan and Vietnam share concerns about China’s territorial claims in the East and South China Seas, and both have sought to hedge against United States-driven trade disruptions by broadening economic and security ties.Crude oil suppliesThe push for deeper cooperation between the two states comes after new investment in Vietnam from Japan, one of its largest foreign investors, fell about 75 percent year-on-year to $233m in the first quarter, even as bilateral trade rose 12.3 percent to $13.7bn over the same period, according to Vietnamese government and customs data.Vietnam has been seeking support from Japan and other countries for oil supplies as conflict in the Middle East drives prices higher and disrupts supply chains.Under the $10bn Power Asia Initiative to support Asian countries’ energy self-reliance, Japan will assist in arranging crude oil supplies for Vietnam’s Nghi Son Refinery and Petrochemical Complex, Hung said.Takaichi was also set to meet President To Lam, who is also the general secretary of the Communist Party of Vietnam, on Saturday afternoon and deliver a keynote speech at Vietnam National University, marking a decade since former Prime Minister Shinzo Abe introduced Japan’s “Free and Open Indo-Pacifi...
Japan and Vietnam Forge Economic Security Alliance Amid Global ...
3 hours ago ... Prime Minister Sanae Takaichi pledges deeper cooperation in critical minerals and energy as Tokyo seeks to bolster regional resilience against Middle East ...
Japan's Takaichi to hold talks in Vietnam on economic security ...
Japan's Takaichi to hold talks in Vietnam on economic security, critical minerals Both sides are expected to discuss cooperation in areas such as energy and artificial intelligence 2-MIN READ 1 ...
