Mid-term review of the Vietnam-Japan Collaborative Initiative

IN BRIEF Meeting evaluation meeting in Hanoi, co-chaired by Deputy Minister Nguyên Thi Bich Ngoc and Deputy Ambassador of Japan Ishikawa Isamu. The Vietnam-Japan Joint Initiative was launched in 2003, aimed at strengthening the economic ties bilateral. Relations have been elevated to the level of Global strategic partnership, facilitating the implementation of the Initiative. Clear objectives to relaunch the cooperation in key areas such as transition green and innovation. Japan reaffirms its role as economic partner major with increased investments in provinces Vietnamese. Emphasis on the development of human resources high quality and improving the investment environment. Japanese proposals include a cooperation mechanism specific and a model of exchange of skills in the field of semiconductors.

A crucial milestone was recently reached with the holding of a meeting in Hanoi, aimed at assessing the mid-term review of theCollaborative initiative between the Vietnam and the Japan. This partnership, launched in 2003, aims to strengthen economic ties between the two nations, thereby creating a framework conducive to productive exchanges and mutual development. The discussions held during this meeting demonstrate the commitment of both parties to overcome current challenges and take advantage of the opportunities offered by their strategic partnership overall.

Recently, a mid-term evaluation meeting of theVietnam-Japan joint initiative was held in Hanoi, marking a significant step in this collaboration which aims to strengthen bilateral relations. Co-chaired by the Deputy Minister of Planning and Investment, Nguyên Thi Bich Ngoc, and the Deputy Ambassador of Japan to Vietnam, Ishikawa Isamu, this meeting made it possible to take stock of the progress and discuss the challenges ahead. overcome to achieve established goals.

Origin and objectives of the Initiative

Launched in 2003, L’Joint initiative between Vietnam and Japan aims to strengthen the economic ties in the long term. It aims to be a real bridge between the Vietnamese government and Japanese companies, encouraging constructive dialogue and regular exchanges. This initiative is all the more relevant in the context of the elevation of bilateral relations to the status of “Global strategic partnership”, a framework that offers a new dynamic to respond to contemporary challenges.

Government support and commitment

During the meeting, Deputy Minister Nguyên Thi Bich Ngoc underlined the will of Vietnamese Ministry of Planning and Investment and other agencies to coordinate with Japan. This commitment is reflected in the desire to share the latest strategic and regulatory information in order to develop appropriate programs. Deputy Ambassador Ishikawa Isamu also expressed satisfaction with the direction relations are taking, emphasizing that the current partnership represents a turning point for the effectiveness of theInitiative.

Economic development and cooperation

Japan, which positions itself as a key economic partner of Vietnam in terms ofinvestment andofficial development assistance, has expressed its intention to strengthen its presence on Vietnamese territory. Japanese companies therefore wish to contribute to digital transformation, green transition, as well as innovation and development of human resources. This represents an opportunity for Vietnam in its quest to become a developed, high-income country by 2045.

Results of the first phase of the Initiative

During this evaluation meeting, representatives of the working groups reviewed the results obtained during the first phase of theJoint initiative. Discussions also took place on cooperation directions in key areas, such as promoting a zero-emission community in Asia and training workforces for emerging sectors, including semiconductors.

Proposals and future initiatives

Vietnam advocated for closer connection between businesses of the two countries to explore investment opportunities in sectors that align Vietnam’s demand with Japan’s strengths. This includes areas such as smart manufacturing, cybersecurity, and artificial intelligence. Japan proposed establishing a specific cooperation mechanism and facilitating investment through clear guidelines.

Priority axes of the Initiative

The first phase of the Initiative is divided into five main axes: promoting green transition, facilitating innovation and digital transformation, improving supply chains, training high-quality human resources, and institutional reform to improve the investmentenvironment. These axes are essential to ensure sustained and sustainable development between Vietnam and Japan.