Japan wants to cooperate with Vietnam to produce semiconductor chips and rare earths.

The Japanese Minister of Economy , Trade and Industry wants Vietnam and Japan to cooperate in implementing projects on semiconductor chip production, AI, and rare earth survey and exploitation.

This proposal was made by Japanese Minister of Economy, Trade and Industry Nishimura Yasutosh when meeting with Prime Minister Pham Minh Chinh on the afternoon of November 3.

Mr. Nishimura Yasutosh expressed his wish that the two sides cooperate and implement "locomotive" projects that are leading in key areas such as semiconductor chip manufacturing, artificial intelligence, innovation, and biotechnology. Japan also wants to cooperate with Vietnam in surveying, exploiting, and processing rare earths and developing related industries.

He also said that Japan will closely coordinate with Vietnamese ministries and sectors through working groups to promote cooperation in various fields, especially in science and technology transfer and human resource training. The two sides will also strengthen cooperation in multilateral mechanisms, especially the CPTPP.

Prime Minister Pham Minh Chinh received Mr. Nishimura Yasutosh, Minister of Economy, Trade and Industry of Japan, on the afternoon of November 3. Photo: VGP — Prime Minister Pham Minh Chinh received Mr. Nishimura Yasutosh, Minister of Economy, Trade and Industry of Japan, on the afternoon of November 3. Photo: *VGP*

In response, Prime Minister Pham Minh Chinh welcomed the two sides' establishment of working groups to promote cooperation and assigned ministries and sectors to develop specific plans and projects to implement the agreements reached.

He affirmed that Vietnam creates favorable conditions for Japanese enterprises wishing to invest and asked Japan to support Vietnamese enterprises to participate more deeply in the country's global supply chain.

Vietnam aims to become a developed, high-income country by 2045 and build an independent, self-reliant, deeply integrated and efficient economy. In this context, Prime Minister Pham Minh Chinh asked Japan to support and share experiences in building and perfecting institutions, training human resources, transferring technology, providing capital and improving governance capacity so that Vietnam can develop these areas.

The Government leader also wants Japan to support and provide new-generation ODA loans for large-scale infrastructure projects in Vietnam, such as the high-speed railway project. At the same time, Japan is considering simplifying visa procedures, aiming to exempt visas for Vietnamese people entering Japan and creating favorable conditions for the Vietnamese community in Japan to live, study and work.

Previously, in May, Vietnam and Japan signed three ODA cooperation projects with a total value of 61 billion yen (about 500 million USD).

Japan is a leading economic partner in investment and trade. It also provides the largest ODA concessional loans to Vietnam, with about 2,980 billion yen (21.6 billion USD), including ODA loans, non-refundable aid and technical cooperation support since 1992. Japan's ODA accounts for over 30% of bilateral development aid for Vietnam. The new generation of ODA loans will have high incentives, simpler and more flexible procedures than before.

Mr. Minh

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