HCMC – Vietnam and Japan look to take fresh Japanese investments to US$5 billion per year and bilateral trade to US$60 billion per year by 2030, the prime ministers of the two countries said today.
The target was announced by Prime Minister Le Minh Hung and Japanese Prime Minister Takaichi Sanae at a joint press briefing held in Hanoi City on May 2 following their talks, reported the Vietnam News Agency.
Hung said Takaichi’s visit marked a new milestone for the comprehensive strategic partnership, adding momentum to growing bilateral ties. Japan is currently Vietnam’s largest provider of official development assistance (ODA) and labor partner, its third-largest investor, and fourth-largest trading partner.
In 2025, two-way trade between the two nations exceeded US$50 billion for the first time.
Looking ahead, the two sides identified economic security, artificial intelligence, semiconductors and space technology as priority areas for cooperation. To support these goals, they witnessed the exchange of six cooperation agreements covering information technology, communications and climate-resilient infrastructure.
Among them, the NEXUS program will co-fund 15 joint semiconductor research projects and support Vietnam in developing a one-million-hectare low-emission, high-quality rice initiative.
Beyond economic ties, both leaders agreed to strengthen political trust through expanded cooperation in defense, security and diplomacy.
They also reaffirmed the importance of resolving disputes in the East Sea through peaceful means in line with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).
Takaichi said Japan would continue working with Vietnam to advance a free and open Indo-Pacific, contributing to regional peace and prosperity.
