Prime Minister Nguyen Xuan Phuc arrives in Nagoya's Chubu airport (Source: VNA) Aichi (VNA) – Prime Minister Nguyen Xuan Phuc arrived in Nagoya city of Japan’s Aichi prefecture on the afternoon of May 26 (Vietnam time) for an official visit to Japan and to attend the expanded G7 Summit Japan 2016.
Immediately after his arrival, the PM is scheduled to attend a high-level economic policy dialogue between Vietnam and Japan and have bilateral meetings with leaders of several countries attending the expanded G7 summit.
During the stay, PM Phuc will hold talks with his Japanese counterpart Shinzo Abe, during which they are expected to discuss major orientations and specific measures to intensify the two countries’ relations in the fields of politics, economics, trade, investment, supporting industry, agriculture, climate change response, health, education and training, and science and technology.
They will witness the exchange of cooperation documents between the two countries.
Vietnam and Japan established diplomatic ties with in 1963. The two countries upgraded their relations to a strategic partnership for peace and prosperity in Asia in 2009, and to an extensive strategic partnership for peace and prosperity in Asia in 2014.
Japan has become one of Vietnam’s leading important economic partners. It is now the fourth largest trade partner of Vietnam, with two-way trade hitting over 28 billion USD last year and about 6.4 billion USD in the first quarter of this year. The country ranks second among 114 countries and territories worldwide investing in Vietnam, with over 3,000 direct investment projects worth over 39 billion USD as of April 20, 2016.
Japan remains the largest provider of official development assistance (ODA) for Vietnam, making up about 30 percent of the total ODA committed by international communities for the Southeast Asian country.
Japan is the first G7 member country to have established a strategic partnership with Vietnam and recognised Vietnam’s market economy.-VNA
