Gaining Momentum: Exploring Vietnam-Japan Economic Cooperation Expansion

To commemorate the 50th anniversary of Vietnam - Japan diplomatic relations, the Ho Chi Minh National Academy of Politics (HCMA) and the Japan International Cooperation Agency (JICA) jointly organized a seminar on September 18 in Hanoi. The seminar, themed “The Vietnam - Japan Relations and Economic Cooperation Prospects in Alignment with Vietnam’s Development Phases”, aimed to explore potentials and opportunities for cooperation between the two countries in economic development.

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The event was attended by over 800 students who are young leaders and managers participating in advanced political theory classes at the HCMA.

Professor Tran Van Tho, an honorary professor at Waseda University in Japan, emphasized Japan’s significant interest in Vietnam’s growth route and their cooperation, which includes institutional reforms, improved business climate, and assistance for Vietnam’s development of industrialization plans. Notable projects supporting these efforts include the Ishikawa project (1995-2000), the Vietnam-Japan partnership beginning in 2003, and various industrial policy research initiatives.

Professor Tran Van Tho - Honorary Professor of Waseda University (Japan), speaking at the seminar
Professor Tran Van Tho – Honorary Professor of Waseda University, Japan, speaks at the seminar

According to Professor Tran Van Tho, Vietnam has not fully exploited its resources, and further development can be achieved by utilizing domestic resources and effectively coordinating external resources.

Professor Ikebe Ryo of Senshu University, Japan, discussed the impact of the FDI wave on Vietnam’s economic growth and industrialization process, as well as the economic efficiency provided by this capital source. Professor Ryo emphasized the importance of enhancing labor productivity to avoid the middle-income trap and the need for supportive policies that encourage industry development and increase the added value of FDI capital in Vietnam.

Assoc. Prof. Dr. Hoang Van Nghia, Head of the HCMA’s International Cooperation Department, praised Japan’s contribution to Vietnam’s diverse economic development in his speech. Japan’s assistance, including financing, specialists, and technology, has helped Vietnam maintain a stable growth trajectory and transition from a capital- and labor-intensive model to an export-oriented structure.

Seminar on Vietnam - Japan Economic Cooperation Growth
A seminar themed “The Vietnam – Japan Relations and Economic Cooperation Prospects in Alignment with Vietnam’s Development Phases” in Hanoi on September 18.

The seminar, part of the JICA CHAIRS program, aims to share valuable lessons and experiences from Japan’s socioeconomic development journey. The JICA’s Chief Representative in Vietnam expressed hopes that participating professionals would share ideas on efficient collaboration approaches to strengthen the relations between the two countries.

Phuong Nguyen