Vietnam and Japan Sign Project Loan Agreements Worth Over 40 Billion Yen
The Vietnamese and Japanese finance ministers met on November 10 to discuss cooperation in finance, energy and the green transition. During Tô Lâm’s visit to Japan, the two countries signed loan agreements for two education, training and energy projects totaling over 40 billion yen.
Vietnamese Finance Minister Ngô Văn Tuấn met with Japanese Finance Minister Katayama Katsuki in Japan on November 10. The meeting took place during an official visit to Japan by Tô Lâm, General Secretary of the Communist Party of Vietnam and President of Vietnam. They discussed socioeconomic developments in both countries, bilateral financial cooperation and coordination under the ASEAN–Japan cooperation framework.
During Tô Lâm’s visit to Japan, Vietnam and Japan exchanged diplomatic notes and signed loan agreements for two projects in education and training and energy, totaling over 40 billion yen. The two finance ministers said there was further scope for cooperation in minerals, energy and the green transition, alongside traditional areas such as official development assistance and investment.
Vietnamese Finance Minister Ngô Văn Tuấn meets with Japanese Finance Minister Katayama Katsuki.（VietVance）
The two sides also discussed ways to strengthen coordination at regional and international forums. Katayama Katsuki outlined preparations for the 2027 Asian Development Bank Annual Meeting and invited Ngô Văn Tuấn to attend. Ngô Văn Tuấn said the meeting would offer an opportunity for further discussions on finance, regional economic development and multilateral cooperation.
The Vietnamese and Japanese finance ministers at their meeting.（VietVance）
The ministers agreed to advance bilateral cooperation and implement the joint vision statement reached during Tô Lâm’s visit to Japan. Ngô Văn Tuấn invited Katayama Katsuki to the APEC Finance Ministers’ Meeting in Vietnam in 2027, and Katayama accepted.
Source: VietVance
