Japan and Vietnam announced plans to boost trade and economic ties, while also calling for an end to the war in Ukraine, Japan’s Prime Minister Fumio Kishida said during a tour of Southeast Asian nations.
“We’ll strengthen bilateral ties in order to put the economies of both nations back on a clear recovery path in the wake of the coronavirus,” Kishida told reporters in Hanoi. In turn, the two “agreed to boost cooperation in post-pandemic trade, strengthen supply chains and energy transition, in accordance with mutual interests.”
Japan provides more development aid to Vietnam than any other country, and is Vietnam’s third-largest source of foreign direct investment. Bilateral trade rose 8.4% last year to $42.9 billion, according to Vietnam customs data.