from TheTimeKnife@lemmy.world to world@lemmy.world on 05 May 14:23
https://lemmy.world/post/46464311
Japan’s Prime Minister Sanae Takaichi announced an updated version of her country’s regional strategy in Vietnam last weekend, underlining Tokyo’s growing reliance on Southeast Asia at a time of intensifying great-power rivalry. Takaichi met her Vietnamese counterpart, Le Minh Hung, on Saturday in Hanoi, where the two leaders oversaw the signing of six cooperation agreements, including on disaster-resilient rural development, climate-resilient infrastructure and satellite data exchange. The visit came as Japan and Vietnam look to deepen their "Comprehensive Strategic Partnership,” which has become increasingly important to both sides. The two governments agreed to work toward raising Japanese investment in Vietnam to $5 billion (€4.3 billion) per year and bilateral trade to $60 billion by 2030, according to Vietnam’s Foreign Ministry. Bilateral trade exceeded $50 billion for the first time last year, while Japan remains one of Vietnam’s largest sources of foreign investment. Japan and Vietnam also share concerns about China’s territorial claims and military activity in the East and South China Seas.
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