President Tran Dai Quang (Source: VNA)
Vietnam and Japan set up their diplomatic ties in September 1973. Over the past years, the two countries have become important partners of each other in many fields. Japan has been a leading economic partner of Vietnam. The two sides have granted each other the most favoured nation tariff since 1999.

In 2017, two-way trade revenue reached 33 billion USD, a rise of 16.8 percent over 2016. In the first three months of this year, the figure reached 8.7 billion USD, up 15.7 percent over the same period last year.

From the beginning of this year to March 20, Japanese investors poured 593 million USD into 96 new projects, 42 underway projects and capital contribution or share purchase deals, turning Japan into the fourth largest foreign investor of Vietnam.

Japan is the biggest ODA provider of Vietnam, focusing on infrastructure building, competitiveness enhancement, high-quality human resource training and climate change, greatly contributing to Vietnam’s socio-economic development.