Vietnamese and Japanese PM agreed to deepen economic, investment, and trade cooperation, particularly through promoting new-generation ODA for strategic infrastructure projects and fast-tracking symbolic joint ventures.
Japan stands as Vietnam’s largest bilateral supplier of official development assistance (ODA), the top partner in labour cooperation, the third largest foreign investor, and the fourth largest partner in trade and tourism. Bilateral trade reached 47.6 billion USD in 2022, 44.98 billion USD in 2023, and 46.2 billion USD in 2024, and 12 billion USD in the first quarter of 2025 alone.
President Luong Cuong's activities as part of his state visit to Laos, the 4th Vietnam – Belarus political consultation, and the WB's new growth forecast for Vietnam this year are among news highlights on April 25.
National Assembly (NA) Chairman Tran Thanh Man proposed Japan continue supporting Vietnam’s industrialisation and modernisation efforts while meeting with Prime Minister Ishiba Shigeru on December 5, within the framework of his official visit to Japan.