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Vietnam emerging as important economy in Southeast Asia: Indian expert

The visit to Vietnam by Japanese Prime Minister Kishida Fumio from April 30 to May 1, along with the visit by his predecessor Suga Yoshihide in 2020, showed that Vietnam is emerging as one of the promising important economies in Southeast Asia, commented Pankaj Jha, Director of Indian Jindal Global University’s Centre for Strategy and Security Research.
Vietnam emerging as important economy in Southeast Asia: Indian expert ảnh 1Electronic meter production (Photo: VNA)
New Delhi (VNA) – The visit to Vietnam by JapanesePrime Minister Kishida Fumio from April 30 to May 1, along with the visit by his predecessor Suga Yoshihide in 2020, showed that Vietnam is emerging asone of the promising important economies in Southeast Asia, commented PankajJha, Director of Indian Jindal Global University’s Centre for Strategy andSecurity Research.

PM Kishida’s visit took place nearly five months after the Japanvisit by Vietnamese PM Pham Minh Chinh in November 2021.

In his article run in website moderndiplomacy.eu, Pankaj Jhamentioned talks between PM Chinh and his Japanese counterpart Kishida, in which PM Chinh highly valued Japanese investment in Vietnam.

Vietnam emerging as important economy in Southeast Asia: Indian expert ảnh 2Vietnamese PM Pham Minh Chinh (R) and Japanese PM Kishida Fumio (Photo: VNA)
The scholar noted that the Japanese government leader’s visit aims to explore possibilities for cooperation between the two countries in areas of developing technology parks,software industry and export processing zones, bringing Vietnam into theJapanese trade network, vocational training and tourismpromotion.

He addedthat the implementation of the Regional Comprehensive Economic Partnership andthe facilitation of regional trade is the priority of both Vietnamese andJapanese governments.

Jha highlighted that Vietnam is seeking to diversify its supply chain, adding that Vietnam and Japan can be seen as each other’s natural partner in strengtheningregional security, trade, investment, innovation and research as well aspromoting peace and prosperity in the region./.

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