Japan and ASEAN vow to bolster Comprehensive Strategic Partnership and invest $35 billion for Sustainable Development
- 135
- Business
- 16:45 19/12/2023
DNHN - "Based on the trust between Japan and ASEAN, we will collaborate more closely than ever to create a prosperous and sustainable future together," Japanese Prime Minister Kishida declared.
Over the next five years, Prime Minister Kishida aims to invest $35 billion (4.9 trillion yen) in the ASEAN area to help efforts to address climate change and other issues. At the joint news conference, Kishida declared, "Japan will stand with ASEAN, which plays a pivotal role in realising a free and open Indo-Pacific amid deepening divisions and confrontations."
The joint declaration of the conference called for collaboration in the energy sector, supply chain strengthening, and investments in high-quality infrastructure. The leaders also committed to fostering coordination in the domains of cybersecurity, misinformation control, and maritime security, as well as creating a new framework for collaboration on electric and next-generation cars.
The prime minister of Japan also announced his plan to actively utilise Official Development Assistance (ODA), a programme that equips the militaries of countries that share Japan's vision with defence hardware and other support.
A comprehensive programme involving over 10 million people over the next ten years is planned in the area of people-to-people contacts, with funding of up to 40 billion yen coming from Japan. Additionally, the Tokyo government promised to contribute 15 billion yen over the following five years to a project that will fund other studies and worldwide cooperative research.
"We will cooperate more closely than ever before to build a prosperous and sustainable future together, based on the trust between Japan and ASEAN," Kishida, the prime minister, said.
The Japan-ASEAN summit takes place when Japan is expanding its ties with developing nations, commonly referred to as the "Global South," which includes ASEAN members. Japan views the alliance as strategically significant, particularly in light of the bloc's advantageous location astride one of the most significant maritime channels in the world—the South China Sea.
The Japan-ASEAN summit came to an end before a separate gathering of the ten ASEAN leaders—among them Japan and Australia—that was slated to occur on December 18 as part of the East Asia Summit and centre on decarbonisation.
Thanh Ha
Related news
- QuickPack Group (Germany) invests Eur30 million in Dong Tam Group'S Southeast ASIA Long An Industrial Park in Long An (Vietnam)
- "The Vietnam-Korea Investment Cooperation Forum 2024 is a testament to the spirit of innovation and sustainable collaboration."
- KBIZ's 60-year journey in building a solid foundation for South Korea's small and medium enterprise community
- Gold peaks, stocks languish: Experts identify opportunities for investors
- What categories are included in the additional audit subjects?
- General Secretary Tô Lâm sounded the alarm on preventing and combating waste
- The potential of the blockchain and cryptocurrency
- Electricity price hike and the long-term energy dilemma
- Institutional obstacles "tie up" enterprises and challenge economic growth
- Vietnam stands poised to seize opportunities in the semiconductor industry
- Southeast enterprises integrate renewable energy into production
- ‘'Bầu Đức'’ and the banana revolution at Hoang Anh Gia Lai
- Foxconn expands investment with additional $80 million for chip production in Bắc Giang
- The National Assembly supports strong decentralization in public investment
- Dr. Nguyễn Văn Thân, Chairman of Vinasme: The 15-17% preferential tax rate fails to truly support small and micro enterprises
- Real estate capital faces risks from credit to bonds
- Vietnam emerges as a new hub in the global semiconductor industry
- Foreign investment: A key driver of Vietnam's economic growth
- Draft resolution on commercial housing: A new opportunity for the real estate market
- VINASME Championship SHB Cup 2024 Golf Tournament: Business leaders shine with elite swings
Đọc thêm Business
QuickPack Group (Germany) invests Eur30 million in Dong Tam Group'S Southeast ASIA Long An Industrial Park in Long An (Vietnam)
On November 18, 2024, in Cologne, Germany, Dong Tam Group (Vietnam) officially signed a Memorandum of Understanding (MOU) for an investment cooperation with QuickPack Group (Germany).
Gold peaks, stocks languish: Experts identify opportunities for investors
Gold prices have peaked due to political and monetary factors, but face the risk of adjustment. Stocks remain difficult to recover due to weak liquidity and ongoing foreign net sales.
General Secretary Tô Lâm sounded the alarm on preventing and combating waste
General Secretary Tô Lâm has addressed visible waste and identified invisible forms of waste, delivering a powerful message with profound awakening implications...
Electricity price hike and the long-term energy dilemma
With EVN's third price hike since 2023, rising electricity costs burden households and industries. Experts warn that sustained losses threaten future power projects, urging reforms to boost investment and ensure energy security.
Vietnam stands poised to seize opportunities in the semiconductor industry
In the context of a rapidly evolving global economy driven by digitalization, the semiconductor industry has emerged as a key strategic pillar.
Pilot project for commercial housing to expand land use rights
The National Assembly Standing Committee has submitted a pilot project on commercial housing through land use rights agreements for National Assembly consideration, aiming to unlock resources.
The National Assembly supports strong decentralization in public investment
The National Assembly has approved a policy of decentralization in public investment management, demonstrating a commitment to economic development and creating opportunities for local governments to mobilize resources.
Assoc. Prof. Dr. Tran Kim Chung: The 1987 Land Law laid the foundation for the real estate market
Assoc. Prof. Dr. Tran Kim Chung, former Deputy Director of the Central Institute for Economic Management, states that the 1987 Land Law laid the groundwork for the development of the real estate market.
Bank interest rates on 31st October: Major players compete fiercely
Bank interest rates have been highly volatile, with one bank making its second rate adjustment in the month as of October 31, 2024, underscoring the competitive landscape.
Amendment of the PPP Law: A new direction to unlock investment resources
To address obstacles in investment through the PPP model, the Ministry of Planning and Investment has submitted a proposal to amend the PPP Law, creating a more favorable legal framework for investors.