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.
Under these resolutions, the Government decided to abolish 184 administrative procedures, simplify 394 administrative procedures, and decentralize 134 administrative procedures to local authorities.