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Strengthening economic cooperation between Vietnam, Japan and Korea


Japanese enterprises want to shift production to Vietnam

In Hiroshima, on the evening of May 19.5, Prime Minister Pham Minh Chinh and representatives of senior leaders of the Government Vietnam, Japan, Hiroshima Prefecture witnessed the announcement of the first direct flight from Vietnam to Hiroshima (Japan) of Vietjet. The Hanoi - Hiroshima route began serving passengers from July 19.7 with 2 round-trip flights per week on Wednesdays and Sundays.

Strengthening economic cooperation between Vietnam, Japan and South Korea - Photo 1.

Prime Minister Pham Minh Chinh meets with President Yoon Suk Yeol

Besides, Prime Minister Pham Minh Chinh received Mr. Fujimoto Masayoshi, General Director of Sojitz Group. Sojitz currently has 17 joint ventures in Vietnam with a turnover of about 1 billion USD. Sojitz leadership is committed to strong and long-term investment in Vietnam; at the same time, presented some ideas to expand investment activities in the coming time in the fields of industrial parks and renewable energy. He said many Japanese businesses, including large ones, are looking to expand production in Japan Vietnam or shift production to Vietnam. About 70 businesses are learning about the possibility of Sojitz opening more industrial parks in Vietnam.

Prime Minister Pham Minh Chinh suggested Sojitz continue to expand investment in industrial park ecosystems, acting as a bridge to promote businesses with Japanese capital, technology and management capacity to invest in business. business at Vietnam, contribute to bring Vietnam deeper involvement in the global supply chain.

Increase Vietnam - Korea trade turnover to 150 billion USD

On the evening of May 19.5, on the occasion of attending the expanded G7 Summit in Hiroshima, Prime Minister Pham Minh Chinh had a meeting with South Korean President Yoon Suk Yeol.

At the meeting, Prime Minister Pham Minh Chinh expressed his pleasure that the two countries' relations have achieved many outstanding results after more than 30 years of establishing diplomatic relations (1992 - 2022), including upgrading the relationship between the two countries. the two countries to a Comprehensive Strategic Partnership. Vietnam and the Republic of Korea share many similar strategic interests in the development of each country as well as views on many international and regional issues, especially upholding the role of international law, multilateralism. , taking the people as the center of service.

In its foreign policy, Vietnam Consistently attaching importance to relations with the Republic of Korea, and looking forward to working with Korea to further develop the cooperation relationship between the two countries, in which economic and trade cooperation is the focus, and political trust is the foundation. Prime Minister Pham Minh Chinh asked the Republic of Korea to continue cooperation and support Vietnam in 5 specific issues, including: capital, technology, human resources, institutional building, and governance.


Strengthening economic cooperation between Vietnam, Japan and South Korea - Photo 3.

Prime Minister discussed with the Vietnamese community in Japan

Hope Vietnamese people in Japan promote the spirit of entrepreneurship

On the afternoon of May 19.5, right after arriving at Hiroshima airport, Prime Minister Pham Minh Chinh spent time meeting the Vietnamese community living and working in Japan. Vietnamese Ambassador to Japan Pham Quang Hieu said that with more than 500.000 people studying, living and working, Vietnamese are the second largest foreign community in Japan.

Saying that the community of scientists in Japan always looks to their homeland, Prof. Dr. Tran Dang Xuan (Hiroshima University), President of the Vietnamese Association in the south-central region of Japan, shared that scientists are making many discoveries. ideas, research projects that can be applied in Vietnam such as new outstanding rice varieties, calling for Japanese corporations in the field of wind power to participate in investment cooperation in Vietnam.

The spirit of entrepreneurship was also a content throughout the meeting with the Prime Minister. Thereby, Prime Minister Pham Minh Chinh welcomed the spirit of innovation and creation of the Vietnamese community in Japan, who want to develop quickly and sustainably, must rely on innovation. He also advised expatriates to comply with local laws, support to be better together, "turn off the lights and dark together", overcome all difficulties and challenges to rise up, assert themselves, contribute to strengthen relations between Vietnam and Japan.


In particular, the Prime Minister hoped that the two sides would continue to promote economic, trade and investment cooperation, including soon completing the goal of raising trade turnover to 150 billion USD by 2030 in a balanced and healthy direction. . Welcoming Korean businesses to invest in large infrastructure projects, the Prime Minister affirmed the State and the Government Vietnam will continue to create favorable conditions for Korean businesses to invest and expand their investment scale.

President Yoon Suk Yeol shared Prime Minister Pham Minh Chinh's assessment of the outstanding results of the two countries' relations over the past time. President Yoon affirmed to attach importance to relations with Vietnam, see Vietnam is one of the leading important partners in the region, as evidenced by the Vietnam is currently the 3rd largest trading partner of Korea. Regarding the direction of developing relations, Korea is willing to cooperate with Vietnam promote close cooperation in many aspects, especially in areas where Korea has strengths and Vietnam needs such as science and technology, innovation, etc.



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