Vietnam is a major assembly center for major Japanese manufacturers, including Honda, Canon and Panasonic, with a total of $ 78 billion invested in the Southeast Asian country by Japanese companies, according to the Vietnam Ministry of Finance. Japanese banks also have strategic participations in the best Vietnamese lenders.
“The two countries have agreed to maintain the global free trade order on the basis of international rules,” said Chinh, after the two leaders signed four cooperation agreements, in particular on the trade in energy transition products and research and development on semiconductors.
The content of the agreements was not disclosed and Reuters could not determine whether they involved a binding or financial commitment.
The senior Vietnam leader in Lam urged Japan to increase investments in infrastructure projects after meeting Ishiba on Sunday, according to a report on the Government Portal in Vietnam.
Japan has been involved in preliminary studies for the future construction of a high-speed railway connecting Hanoi to the southern shopping center of Ho Chi Minh Ville, which with an estimated cost of $ 67 billion is the most ambitious infrastructure project in Vietnam.
The leaders, however, did not explicitly mention the railways between the areas of cooperation. Vietnam said that it was planning to finance the project largely.
