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.
Scheduled for implementation between 2026 and 2030, the project will include a comprehensive system of stations, depots, and auxiliary facilities and is expected to be carried out under a Public-Private Partnership (PPP) model.
Under a newly-issued resolution of the Government, the validity of Decree No. 72/2026/ND-CP, which lowers preferential import duty rates on selected fuel products and raw materials to 0%, is extended until the end of June 30 this year.