During their talks on May 2, the two PMs agreed on measures to raise Japanese investment in Vietnam to $5 billion per year and bring the bilateral trade turnover to $60 billion by 2030.
A report from the Delegation of German Industry and Commerce in Vietnam noted that the country is seen as a manufacturing stronghold and a strategic alternative hub for German businesses.
As part of its investment attraction strategy, the central province is adjusting land use planning, prioritizing areas for wind and solar energy, and simplifying administrative procedures.