Tokyo, Hanoi Seal Strategic Trade Pact

At a summit in Hanoi, Japanese Prime Minister Sanae Takaichi and Vietnamese Prime Minister Le Minh Hung agreed to expand trade to $60 billion by 2030 and accelerate Japanese investment in Vietnam. The deal includes support for high‑tech projects, technology transfer, and Vietnamese business ventures in Japan. Priority areas include resilient supply chains for critical minerals and oil procurement for the Nghi Son Refinery, a joint venture with Japanese and Kuwaiti partners. Tokyo’s pledge aligns with its broader $10 billion support package for Asian countries facing energy shortages. The leaders also signaled interest in nuclear energy cooperation by 2040 and defense collaboration under Japan’s Official Security Assistance framework. The agreement reflects Japan’s strategy to deepen economic and security ties with Vietnam as regional tensions rise.

Source: Newstimehub