Vietnam, Japan eye $5 bn yearly investment, $60 bn trade by 2030

Vietnam and Japan signed six bilateral cooperation agreements, setting targets of $5 billion in annual Japanese investment in Vietnam and $60 billion in bilateral trade by 2030. Both sides also agreed to promote high-tech investments with technology transfer, support Vietnamese firms investing in Japan, and expand agricultural market access.

Vietnamese Prime Minister Lê Minh Hung and Japanese Prime Minister Sanae Takaichi signed the agreements and addressed a joint press conference on Saturday following summit talks at the government headquarters, marking a key milestone in bilateral ties.

Hung said the visit would create fresh momentum, noting that Japan is Vietnam’s top provider of official development assistance (ODA), its largest partner in labour cooperation, third-largest investor and fourth-largest trading partner.

Vietnam and Japan aim to boost ties with $5 billion in annual investment and $60 billion in trade by 2030.
Leaders signed six agreements, while 2025 saw trade surpass $50 billion alongside rising ODA and investment.
Both sides plan to deepen cooperation in technology, energy and security, and expand high-tech and supply chain partnerships.

Both sides agreed to deepen their Comprehensive Strategic Partnership through stronger cooperation in defence, security and diplomacy, while maintaining ministerial-level mechanisms across trade, industry, energy and technology. A Deputy Minister-level 2+2 dialogue on foreign affairs and defence will also be implemented.

The partnership has already gained traction. In 2025, ODA cooperation rose by over $600 million, bilateral trade exceeded $50 billion for the first time, and investment increased by nearly $4 billion across around 300 new projects.

Takaichi described Vietnam as a crucial link in global supply chains and highlighted economic security, covering energy, critical minerals, artificial intelligence, semiconductors and space, as a new priority area. She also stressed the importance of expanding the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) while maintaining high standards.

Dozens of joint initiatives are underway in science and technology, semiconductors, digital transformation, green transition, renewable energy and space.

They plan to hold a Joint Committee on Science and Technology Cooperation meeting in 2026, organise a public–private high-tech exchange event, and roll out projects under the POWERR ASIA2 Initiative to support energy self-reliance in Asia.

Fibre2Fashion News Desk (CG)