This article first published by OHMYNEWS on 2006-10-15 15:18 (KST)
Japan is now one of Vietnam's biggest trade and investment partners
At the invitation of Japanese Prime Minister Shinzo Abe, Vietnamese Prime Minister Nguyen Tan Dung will pay an official visit to Japan from Oct. 18-22, Foreign Ministry spokesman Le Dung announced in a regular press briefing in Hanoi on Oct. 12.
During his stay in Japan, the Prime Minister is scheduled to hold talks with PM Shinzo Abe and meet with leaders of the Japanese Parliament (Diet) as well as major Japanese economic groups and organizations. He will also pay courtesy visit to the Japanese King and Queen.
The visit by Prime Minister Dung "aims to reaffirm Vietnam's consistent policy of attaching importance to the friendship and multi-faceted cooperation with Japan," the spokesman further commented.
"The visit is expected to help strengthen and promote Vietnam-Japan cooperation in economic, trade and investment fields and also to offer a chance for the two new Prime Ministers to establish direct contact," Dung said.
This will be PM Dung's first visit to since he took office in July 2006 and he will also be Abe's first foreign guest since he was elected Japanese Prime Minister.
Vietnam and Japan established diplomatic relations in September 1973, after the Paris Agreement that ended the American intervention in the Vietnam War, was signed.
Ever since, the two countries have developed and maintained a trusted, friendship and multi-faceted relationship, especially in economics, trade, and culture.
Japan is now one of Vietnam's biggest trade and investment partners.
Japan is the largest official development assistance (ODA) donor for the Vietnam. Of the US$30 billion ODA that international donors have pledged to provide for Vietnam, one third comes from Japan.
In terms of Foreign Direct Investment (FDI), Japan is the third biggest investor in the country, just after Singapore and China's Taiwan. Vietnamese Ministry of Planning and Investment statistics showed that by the end of 2005, Japan had 600 operational investment projects with total registered capital of nearly $6.3 billion in Vietnam.
Over the last five years, two-way trade between Japan and Vietnam has doubled and is expected to reach $10 billion in the coming year. According to the Vietnamese Trade Ministry, in 2005 alone, two-way trade rose 19.7 percent to more than $8.5 billion.
Japan is now one of Vietnam's biggest trade and investment partners
At the invitation of Japanese Prime Minister Shinzo Abe, Vietnamese Prime Minister Nguyen Tan Dung will pay an official visit to Japan from Oct. 18-22, Foreign Ministry spokesman Le Dung announced in a regular press briefing in Hanoi on Oct. 12.
During his stay in Japan, the Prime Minister is scheduled to hold talks with PM Shinzo Abe and meet with leaders of the Japanese Parliament (Diet) as well as major Japanese economic groups and organizations. He will also pay courtesy visit to the Japanese King and Queen.
The visit by Prime Minister Dung "aims to reaffirm Vietnam's consistent policy of attaching importance to the friendship and multi-faceted cooperation with Japan," the spokesman further commented.
"The visit is expected to help strengthen and promote Vietnam-Japan cooperation in economic, trade and investment fields and also to offer a chance for the two new Prime Ministers to establish direct contact," Dung said.
This will be PM Dung's first visit to since he took office in July 2006 and he will also be Abe's first foreign guest since he was elected Japanese Prime Minister.
Vietnam and Japan established diplomatic relations in September 1973, after the Paris Agreement that ended the American intervention in the Vietnam War, was signed.
Ever since, the two countries have developed and maintained a trusted, friendship and multi-faceted relationship, especially in economics, trade, and culture.
Japan is now one of Vietnam's biggest trade and investment partners.
Japan is the largest official development assistance (ODA) donor for the Vietnam. Of the US$30 billion ODA that international donors have pledged to provide for Vietnam, one third comes from Japan.
In terms of Foreign Direct Investment (FDI), Japan is the third biggest investor in the country, just after Singapore and China's Taiwan. Vietnamese Ministry of Planning and Investment statistics showed that by the end of 2005, Japan had 600 operational investment projects with total registered capital of nearly $6.3 billion in Vietnam.
Over the last five years, two-way trade between Japan and Vietnam has doubled and is expected to reach $10 billion in the coming year. According to the Vietnamese Trade Ministry, in 2005 alone, two-way trade rose 19.7 percent to more than $8.5 billion.
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