Vietnam-Japan Investment Ties Poised for Co-Development Partnership

Prime Minister Le Minh Hung emphasized that local collaboration is an important and distinctive feature of Vietnam-Japan relations, and that the Vietnamese Government considers it a practical and effective channel that contributes to the overall development of bilateral ties. Prime Minister Le Minh Hung called on Japanese businesses to continue trusting and choosing Vietnam as a long-term investment destination, expand their operations and work more closely with Vietnamese partners to fully tap the substantial potential for cooperation between the two economies. This move signals Vietnam's commitment to strengthening its strategic partnership with Japan amidst its drive to attract foreign investment and boost economic growth. Under its one-party system, Vietnam prioritizes political stability while focusing on economic reforms and international cooperation. Japan has long been a key investor and development aid provider for Vietnam. Recent diplomatic activities include General Secretary of the Communist Party of Vietnam Central Committee and President To Lam's upcoming state visit to Russia from September 7-9, which is expected to elevate the comprehensive strategic partnership between Vietnam and Russia to a new level. Vietnam is also strengthening ties with Myanmar, with President Min Aung Hlaing visiting Hanoi for meetings with President To Lam and other officials. These engagements highlight Vietnam's efforts to enhance its regional and international influence and build diverse diplomatic relations. Domestically, reforms in the education sector are also underway. The new academic year began on September 5, with the 2026-2027 academic year expected to bring significant changes focusing on school governance, teaching methods, and assessment. The government has also called for efforts to address teacher shortages and surpluses, narrow educational access gaps, and ensure school safety. This underscores Vietnam's emphasis on investing in the education of its younger generation as a key to future national development. Furthermore, initiatives to revitalize local economies are progressing. In Trai Cau commune, Thai Nguyen province, land that previously yielded low economic returns is witnessing a remarkable transformation thanks to a new crop – Luc Truc bamboo. The "2026 Dak Lak Durian Festival" in Dak Lak province successfully integrated culture, tourism, agriculture, and trade promotion, contributing to the local image building. These examples illustrate Vietnam's aim for economic development that leverages regional specificities. Source: VietnamPlus English