"Takaichi met her Vietnamese counterpart, Le Minh Hung, on Saturday in Hanoi, where they signed six agreements on issues ranging from infrastructure to agriculture to space cooperation."
"Both sides agreed to strengthen close coordination to ensure stable supplies and reinforce supply chains regarding critical minerals."
"Japan will assist in arranging crude oil supplies for Vietnam's Nghi Son Refinery and Petrochemical Complex under the $10bn Power Asia Initiative."
"Vietnam has been seeking support from Japan and other countries for oil supplies as conflict in the Middle East drives prices higher and disrupts supply chains."
Japan's Prime Minister Sanae Takaichi signed six agreements with Vietnam, focusing on technology, agriculture, and space. Economic security emerged as a priority for cooperation. Both nations agreed to strengthen coordination on critical minerals to ensure stable supplies. They also emphasized resolving South China Sea disputes peacefully. Japan's investment in Vietnam has significantly decreased, while bilateral trade has increased. Japan will support Vietnam's energy self-reliance through the Power Asia Initiative, assisting with crude oil supplies for the Nghi Son Refinery.
Read at www.aljazeera.com
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