Vietnam and Japan Discuss Boosting Development Funding and Tech Cooperation
Vietnamese and Japanese officials agreed to expand official development assistance funding to support infrastructure and artificial intelligence, as Vietnam aims for upper-middle-income status.
Vietnamese Minister of Finance Ho Duc Phuc held a bilateral meeting with the head of the Japan International Cooperation Agency (JICA) to advance economic and technological cooperation.
The discussions focused on increasing official development assistance funding to develop infrastructure, artificial intelligence, and advanced technology sectors.
These efforts align with Vietnam's strategy to achieve upper-middle-income status by 2030, a goal requiring massive investments that exceed the capacity of the state budget alone.
Both sides also explored ways to develop capital markets and promote the green transition, with future cooperation targeting transportation, energy, and digital infrastructure.
President To Lam emphasized the importance of building partnerships to develop joint financial markets and accelerate economic growth.