Vietnam, Japan elevate ties to comprehensive strategic partnership
Vietnam and Japan have lifted their relations to a "comprehensive strategic partnership for peace and prosperity in Asia and the world".
At a joint press conference following their talks in Tokyo on Monday, Vietnamese President Vo Van Thuong and Japanese Prime Minister Kishida Fumio said they had adopted a joint statement on the elevation of ties, affirming both countries’ endeavors to bring the current cooperation in all areas to new heights and further expand it to new fronts.
"This is an important event, opening up a new chapter for the Vietnam-Japan relationship to develop substantially, comprehensively and effectively, meeting the interests of both sides and contributing to peace, stability, cooperation, and development in the region and the world," stated President Vo Van Thuong.
Thuong and his spouse are making an official visit to Japan at the invitation of the Japanese State.

Vietnamese President Vo Van Thuong and Japanese Prime Minister Kishida Fumio at a joint press conference following their talks in Tokyo on November 27, 2023. Photo courtesy of Vietnam News Agency.
In the joint statement, the two leaders highly valued the impressive and comprehensive growth of the friendship and cooperation between Japan and Vietnam since the establishment of diplomatic relations in 1973, and particularly since the elevation of bilateral ties to an "extensive strategic partnership for peace and prosperity in Asia in 2014".
Prime Minister Kishida reaffirmed Japan’s commitment to supporting "a strong, independent, self-reliant, industrialized and modern Vietnam" as well as the importance of Vietnam in the implementation of Japan’s foreign policy in the Indo-Pacific region, and highly valued its active and constructive contributions to regional and international affairs.
President Thuong noted that Vietnam always considers Japan a leading and long-standing partner and expressed his wish that Japan will continue to play its leading role in maintaining peace, stability, cooperation, and development in the region and the world.
Regarding multi-layered and multi-level dialogues and engagements, the two sides agreed to maintain high-level engagements on an annual basis, people-to-people contact, and province-to-province cooperation.
They concurred on effectively implementing current bilateral dialogue mechanisms, including at ministerial level, as well as periodic dialogue mechanisms at deputy ministerial level in fields such as diplomacy, defense, security, construction, transport, and disaster risk reduction.
Both sides welcomed close cooperation between the two foreign ministries and concurred on continuing with their support and cooperation for the smooth operation of both countries’ diplomatic and consular agencies.
The two leaders affirmed to bolster their substantive and effective defense cooperation, step up cooperation in the UN Peacekeeping operations, and address war remnant issues, such as ordnance disposal and dioxin remediation, military medicine, humanitarian aid and disaster relief (HA/DR), human resource training, and defense equipment and technology transfer to the Ministry of Defense of Vietnam.
Based on the agreement concerning the transfer of defense equipment and technology signed in September 2021, both sides concurred on the importance of steadily working on procedures for the transfer.
Prime Minister Kishida explained that Japan has established a new cooperation framework “Official Security Assistance (OSA)” for the purpose of deepening security cooperation and contributing to maintaining and strengthening international peace and security.
The two leaders agreed to bolster cooperation in maritime security and safety through the enhancement of cooperation activities, including joint training, information sharing, and capacity building between coast guards from both sides.
Vietnam and Japan agreed to continue strengthening economic links and affirmed the importance of cooperation to ensure economic security.
Japan reaffirmed it would continue supporting Viet Nam’s development of an independent and self-reliant economy that deeply engages in international integration, and Vietnam’s industrialization and modernization with the goal of becoming a developed country by 2045.
The two leaders welcomed the prospect that the actual amount of yen loans this fiscal year (FY) of Japan could exceed 100 billion yen for the first time since the Japanese FY 2017. The sides will accelerate their efforts to resolve outstanding difficulties, including through a cooperation framework to solve those issues.
The two leaders confirmed the enhancement of supply chain resilience to ensure stable production activities for the benefit of both sides, recognizing the importance of a transparent, diverse, secure, sustainable, and reliable supply chain.
Regarding human resources development, culture and tourism, interregional exchanges, and people-to-people exchanges, the two sides confirmed the enhancement of efforts to encourage Vietnamese students to study in Japan, to strengthen exchanges in the field of education between the two countries, and to promote Japanese language education in Vietnam.
They will strengthen people-to-people exchanges between the two countries through activities, including tourism-culture festivals held in each country, as well as create a good environment for their citizens’ traveling.
Both sides will promote exchanges for Vietnamese technical intern trainees and workers in fields that suit the demands of both countries.
The two countries will bolster cooperation in emerging areas, such as energy, environment science and technology, green transformation, digital transformation, and innovation.
They will promote cooperation in the fields of smart power grids, smart cities, power market development, and localization of the energy industry, and further promote cooperation in the development of the digital economy and innovation in that field, thereby creating momentum for rapid and sustainable economic development.
The two leaders acknowledged the importance of facilitating free flow of data across borders, developing digital connectivity, and strengthening consumer and business trust in the digital economy.
In other areas, the two countries will continue to promote cooperation in the fields of law and justice, construction, transport, disaster risk reduction, and urban development.
Regarding regional and international issues, the two leaders emphasized the importance of the free and open international order based on the rule of law and principles of upholding the UN Charter to promote cooperation and achieve peace, stability and prosperity in the Indo-Pacific region and the world.
Vietnam and Japan reaffirmed the importance of ASEAN unity and centrality and concurred on working together to increase the effectiveness and role of Mekong-Japan cooperation in the time to come.
The two leaders expressed their concerns on the situation in the South China Sea, known in Vietnam as the East Sea, and reiterated the importance of refraining from any unilateral attempts to change the status quo by force or coercion, or escalating tensions.
The two leaders affirmed the importance of maintaining peace, security, safety, freedom of navigation and overflight and unimpeded lawful economic activities in the South China Sea, exercising self-restraint and resolving disputes peacefully in accordance with UNCLOS, while reaffirming that UNCLOS is the most comprehensive international legal basis for the maritime domain.
- Read More
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7
Sun Group, US Embassy foster aviation-hospitality cooperation
Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.
Companies - Mon, September 15, 2025 | 9:54 pm GMT+7
Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1
Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.
Companies - Mon, September 15, 2025 | 8:10 pm GMT+7
Central Vietnam to have new airport Mang Den
Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.
Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.
Economy - Mon, September 15, 2025 | 2:20 pm GMT+7
Agribank introduces sizable $4.17 bln preferential credit package
Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.
Companies - Mon, September 15, 2025 | 1:32 pm GMT+7
'Precious space' in Vietnam's monetary policy
The Federal Reserve's continued cuts in 2025, with the most recent in September, are considered a valuable policy "space" for the State Bank of Vietnam (SBV) to maintain low interest rates to support growth without having to worry too much about exchange rates.
Economy - Mon, September 15, 2025 | 10:15 am GMT+7
Vietnam’s central bank sells $1.5 bln to stabilize currency: broker MBS
The State Bank of Vietnam (SBV) intervened in the foreign exchange market by selling approximately $1.5 billion via 180-day cancelable forward contracts from August 25-26, in an effort to ease pressure on the Vietnamese dong, according to a recent report by MB Securities (MBS).
Banking - Mon, September 15, 2025 | 8:04 am GMT+7
Hanoi aims to break ground on $11.4 bln Red River Boulevard & Landscape project by Jan 2026
A consortium of “tunnel king” Deo Ca Group and real estate developer Van Phu Invest has been assigned by the Hanoi People’s Committe to prepare an investment proposal for the VND300 trillion ($11.37 billion) Red River Boulevard & Landscape project.
Real Estate - Mon, September 15, 2025 | 7:55 am GMT+7