The two sides discussed about the Metro Line No. 2 project and explored opportunities for cooperation in smart city development and low-emission initiatives.
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.
The expanded online summit of the Asia Zero Emission Community (AZEC) held amid ongoing tensions in the Middle East and blockade of the Strait of Hormuz.
With Hung Yen province’s development orientations in high technology and energy, combined with Japan’s strengths, the two sides have great potential for cooperation.
The agreement creating new opportunities for businesses from both localities—particularly in industry, high technology, tourism, and human resources training.
Savills HCMC has said that brands from Japan and South Korea occupy nearly half of all retail space in Ho Chi Minh City. CBRE, meanwhile, has said that foreign players continued to expand in the third quarter of the year, with the appearance of many international brands in the fashion, sports, and F&B sectors.
Mr. Shimizu Akira, Chief Representative of the Japan International Cooperation Agency (JICA) in Vietnam, has said that in addition to infrastructure, JICA’s priorities in cooperation with Vietnam are human resources development, healthcare, and carbon neutrality. ODA is expected to continue to play an important role in the development of infrastructure, he said, which is a driving force of Vietnam’s growth.