Japan seeks cooperation with Vietnam in semiconductors, rare earths
Japan wishes to cooperate with Vietnam in surveying, exploiting and processing rare earths and developing related industries, said the Northeast country's Minister of Economy, Trade and Industry Nishimura Yasutoshi.
"We spare no effort to carry out projects that lead the development of spearhead industries such as semiconductor production, artificial intelligence, biotechnology, pharmaceutical, healthcare, and fishery processing," the minister told Vietnamese Prime Minister Pham Minh Chinh at a meeting in Hanoi on Friday.
Vietnamese Prime Minister Pham Minh Chinh (right) hosts a reception for Japanese Minister of Economy, Trade and Industry Nishimura Yasutoshi in Hanoi, November 3, 2023. Photo courtesy of the government's news portal.
For his part, PM Chinh called for Japan’s support for Vietnam to carry out industrialization and modernization, and build an independent and self-reliant economy. He also suggested Japan assist Vietnam in boosting green transition, digital transformation and innovation; developing high technology and semiconductor industries; and surveying, mining, processing and producing new materials.
Vietnam also needs Japanese assistance in fostering the biotechnology, pharmaceutical and medical equipment sectors, the Vietnamese government chief added.
PM Chinh called for the Japanese government’s support and provision of new-generation official development assistance (ODA) for the country to develop large-scale strategic infrastructure facilities such as the North-South high-speed railway project.
He affirmed Vietnam’s encouragement and optimal conditions for Japanese firms to invest and cooperate in the country. In addition, Vietnam pledges to coordinate closely and effectively implement the Asia Zero Emission Community (AZEC) initiated by Japanese PM Kishida Fumio.
Japan is a leading economic partner of Vietnam and the country's largest ODA donor, with an accumulated amount of $21.6 billion since 1992. There are around 500,000 Vietnamese people in Japan, the second largest foreign community in the “land of the rising sun.”
The two countries established the extensive strategic partnership in 2014 and plan to upgrade their relationship soon.
- Related News
- Read More
Vietnamese billionaire reaffirms steadfast commitment to EV maker VinFast
Vietnam’s richest man, billionaire Pham Nhat Vuong, says he personally and the conglomerate that he chairs, Vingroup, will continue financing VinFast despite heavy losses incurred by the EV-maker since 2017.
Companies - Thu, April 25, 2024 | 5:32 pm GMT+7
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
Southeast Asia - Thu, April 25, 2024 | 5:10 pm GMT+7
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on Wednesday to discuss the ASEAN-UK economic integration programme.
Southeast Asia - Thu, April 25, 2024 | 5:09 pm GMT+7
Vietnam considers direct power purchase agreements with no restrictions on capacity, usage
A draft decree on direct power purchase agreements (DPPAs) between producers and large consumers via their own power lines has no caps on capacity, connection voltage level and intended usage.
Energy - Thu, April 25, 2024 | 5:07 pm GMT+7
Indonesian central bank raises interest rates to highest level in 7 years
Bank Indonesia (BI) on Wednesday raised interest rates to their highest level in seven years.
Southeast Asia - Thu, April 25, 2024 | 4:58 pm GMT+7
Bosch Vietnam, RMIT University to foster tech-driven workforce development
Engineering firm Bosch Vietnam will collaborate with Royal Melbourne Institute of Technology Vietnam (RMIT Vietnam) to provide students with skills and knowledge to meet changing demands in a “technology-driven landscape.”
Companies - Thu, April 25, 2024 | 4:27 pm GMT+7
Northern Vietnam port city okays $368 mln investment by South Korean firms
The northern port city of Hai Phong granted investment certificates Wednesday to eight Korean-invested projects worth around $368 mln at a forum held in Seoul.
Industries - Thu, April 25, 2024 | 4:03 pm GMT+7
AI giant Nvidia explores Vietnam investment expansion opportunities
U.S. chip and artificial intelligence giant Nvidia says it will consider expanding investment in Vietnam after a high-ranking delegation ends a fact-finding trip to the country.
Industries - Thu, April 25, 2024 | 3:13 pm GMT+7
Construction giant Vinaconex plans rights issue, capital base hike in 2024
Vinaconex, among Vietnam’s top construction companies, plans to issue nearly 120 million shares to existing shareholders at VND10,500 ($0.41) apiece this year.
Companies - Thu, April 25, 2024 | 3:03 pm GMT+7
Vietnam sets aside $1 bln to train semiconductor workforce
Vietnam will spend VND26 trillion ($1.02 billion) by 2030 to develop a well-prepared workforce for the semiconductor industry as the country attempts to seize a “once-in-a-thousand-year” opportunity.
Economy - Thu, April 25, 2024 | 12:16 pm GMT+7
Vietnam’s central province okays S Korea’s SK E&S to process LNG-to-power project
The central coastal province of Quang Tri, SK E&S under South Korean chaebol SK, and Vietnamese conglomerate T&T Group have agreed to cooperate in investment, trade, energy transition, and green growth.
Energy - Thu, April 25, 2024 | 10:31 am GMT+7
Heineken Vietnam’s Q1 revenue expands amid national market decline
The beer market in Vietnam declined by a mid-single-digit in the first quarter of this year, but Heineken’s net revenue (per before exceptional items and amortization-beia formula) was up in the mid-teens, the Dutch brewer said Wednesday.
Companies - Thu, April 25, 2024 | 8:18 am GMT+7
Vietnam fourth largest host of Apple suppliers in the world
Vietnam hosted 35 Apple suppliers as of the end of fiscal year 2023, up from 25 a year earlier, the American tech giant says.
Industries - Thu, April 25, 2024 | 7:57 am GMT+7
ASEAN Future Forum 2024 looks to ensure comprehensive security for community
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
Southeast Asia - Wed, April 24, 2024 | 10:19 pm GMT+7
Rail connects Vientiane, China's Guizhou province
The Guiyang-Laos tourist train will be launched on May 8, signifying a pivotal step in boosting tourism and cultural ties between China and Southeast Asia.
Southeast Asia - Wed, April 24, 2024 | 10:18 pm GMT+7
Vinhomes targets after-tax profit of $1.38 bln in 2024 as market warms up
Vinhomes, a major housing developer under private conglomerate Vingroup, targets to earn an after-tax profit of VND35 trillion ($1.38 billion) this year, up 4.4% year-on-year, given more positive signals from the local real estate market.
Companies - Wed, April 24, 2024 | 10:13 pm GMT+7
