VietNamNet Bridge – Japan wishes to cooperate with Vietnam for the sake of peace, stability and development in the region.

Japan pledges more aid for development

This was confirmed by Takahiro Yokomichi, the Speaker of House of Representatives of Japan, while receiving Vietnamese Deputy Prime Minister Nguyen Xuan Phuc in Tokyo on July 3.

Yokomichi praised Vietnam’s socio-economic development and political stability as a contribution to promoting peace, stability and development in Asia.

He thanked the Vietnamese Government and people for their timely assistance to Japan during its tsunami and earthquake in March 2011.

For his part, Phuc expressed his hope that the Japanese Diet will support the two governments’ efforts to implement the industrial cooperation strategy between the two countries from now until 2020, including big projects on developing the rare earth industry in Vietnam.

On the same day, Phuc met with Japanese Minister of Economy, Trade and Industry, Yukio Edano who declared that Japan will help Vietnam complete infrastructure construction in line with its industrial development strategy.

He added that the Japanese business community tends to invest more overseas, particularly in Vietnam.

Japan wants to further cooperate with Vietnam in environmental protection and climate change adaptation, Edano said.

Phuc urged Japan to assist Vietnam’s support industry, help build industrial parks in Haiphong and Ba Ria-Vung Tau and encourage its businesses, especially small-and medium-sized enterprises, to invest in Vietnam, particularly in the form of public-private partnership (PPP).

Phuc said that with two-way trade turnover surpassing US$21 billion in 2011, the two sides will continue to promote bilateral cooperation for mutual benefits.

VietNamNet/VOV online