Japan continues being a major ODA provider of Vietnam (26/7)
26/07/2012 - 12 Lượt xem
Koichiro
said that the Japanese Government will maintain a high level of ODA for
Vietnam to assist in improving growth and competitiveness, coping with
natural disasters and catastrophes and improving market-oriented
economy institutions. Japan pledged to assist Vietnam to reach the
target of becoming an industrialized country by 2020.
At
the talk between the Vietnamese and Japanese Ministers of Foreign
Affairs, the two parties discussed issues including bilateral
cooperation and international and regional situations while agreeing
upon strengthening national defense and sea security cooperation. The
two Ministers agreed upon a series of measures to promote the
Vietnam-Japan partnership, including maintaining bilateral exchanges as
well as meetings between the two countries' high-ranking officials,
continually improving and bringing into play the role of the existing
external relation policies, and continuing the effective implementation
of agreements of the two countries' high-ranking officials, especially
major infrastructure development projects such as the North-South
highway, Lach Huyen Port, Long Thanh Airport and vital economic
cooperation projects including Ninh Thuan Nuclear Power Plant 2 and
rare earth mining and processing projects.
At
the Vietnam-Japan Cooperation Committee's fourth session, the two
parties agreed upon improving the Vietnamese investment environment,
aimed at attracting more foreign investment, including Japanese
investment, in Vietnam. Earlier this year, Japan became the biggest
foreign investor in Vietnam with 126 newly licensed projects and 38
projects that have increased investment capital, taking the total
Japanese investment in Vietnam to US$4.16 billion in the first half of
2012.
Vietnam-Japan relations have been growing well since the two countries established diplomatic relations in 1973.
Japan
is also one of Vietnam's biggest trade partners. Vietnam-Japan trade
came to more than US$21 billion in 2011, while Japan's pledged
investment for Vietnam amounted to US$26 billion. In the first five
months of this year, Vietnam's exports to Japan grew an estimated 41.6
percent over the same period last year, and Japan was the fourth
biggest importer of Vietnamese goods, accounting for 12.3 percent of
Vietnam's total export revenue.
Vietnam's
main exports to Japan included crude oil, coffee, tea, textile/garment,
footwear, seafood, processed foods, fine art and handicraft products,
ceramics and pottery, and household wooden furniture.
Regarding
industrial cooperation, Japan is one of Vietnam's leading partners with
potential related to sourcing technology, especially the manufacturing
industry.
Results
of the Vietnam-Japan Cooperation Committee's fourth meeting and the
Vietnamese and Japanese Ministers of Foreign Affairs' talks contributed
to developing the Vietnam-Japan strategic partnership strongly and on a
sustainable basis, while strengthening mutual understanding and trust./.
Source: VEN.
Source: VEN.
