Vietnam expects Japan to continue leading role in multilateral trading system

Vietnam expects that Japan will continue to play a leading role in strengthening the multilateral trading system, facilitating trade and investment, and contributing to regional and global development and prosperity, said Ambassador Le Thi Tuyet Mai, head of the Permanent Mission of Vietnam to the UN, WTO and other international organisations in Geneva.

Thursday, July 09, 2020 20:31

Vietnam expects Japan to continue leading role in multilateral trading system ảnh 1

Ambassador Le Thi Tuyet Mai, head of the Permanent Mission of Vietnam to the UN, WTO and other international organisations in Geneva (Photo: VNA)

Geneva (VNA) - Vietnam expects that Japan willcontinue to play a leading role in strengthening the multilateral tradingsystem, facilitating trade and investment, and contributing to regional andglobal development and prosperity, said AmbassadorLe Thi Tuyet Mai, head of the Permanent Mission of Vietnam to the UN, WTO andother international organisations in Geneva.

Speaking at Japan’s 14th Trade Policy Review session at the WTOheadquarter in Geneva, Switzerland, from July 6-8, Mai said Vietnam highlyvalued Japan's role in the global economy, in the Asia-Pacific region and forVietnam, and welcomed Japan as one of the important members in the rules-basedmultilateral trading system.

While highlighting the fruitful development of trade and investment relations betweenVietnam and Japan, the ambassador affirmed that Japan has been one of Vietnam'sleading trade and investment partners over the past decade.

In 2008, the two countries signed the Comprehensive Economic PartnershipAgreement - the first comprehensive free trade agreement of Vietnam, she added.

New-generation free trade agreements that both Vietnam and Japan are joining suchas the ASEAN-Japan Agreement on Comprehensive EconomicPartnership (AJCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as wellas the RegionalComprehensive Economic Partnership (RCEP) that the two sides are joining negotiations, are paving the way for the two countries to step up cooperative relations,contributing significantly to bilateral trade and investment ties, and their cooperationin other areas such as sustainable development, she stated.

According to the ambassador, Japan has actively participated in and promotedcommitments to trade and investment liberalisation in the WTO and other forumssuch as the Group of Seven (G7), the group of world leading developing andemerging economies (G20), the Asia-Pacific Economic Cooperation Forum (APEC),and other regional mechanisms to address challenges to global trade.

The 14th Trade Policy Review session provided an opportunity for WTOmembers to comprehensively examine economic, trade and investment policies ofJapan - one of the world’s largest commodity and service economies.

Most of the WTO members said Japan's trade and investment policies are opening andtransparent, and the country is one of the members playing an important role inthe global trading system. The country has contributed to supporting anddefending the rule-based multilateral trading system, promoting trade andinvestment liberalisation, and strengthening the role of the WTO./.

VNA

#multilateral trading system #Japan #Vietnam #investment partner #ASEAN-Japan Agreement #Trade Policy Review session #rule-based multilateral trading system #le Thi Tuyet Mai #Vietnamplus #Vietnam news #Vietnam News Agency Japan Vietnam

See more

Residents walk in front of uninhabitable houses in Pagarsih, Bandung, West Java, Indonesia, on May 3. (Photo: ANTARA)

ꦫ Indonesia accelerates programme to reduce housing inequality

09/08/2025 05:03

According to the Ministry of Housing and Settlements, about 9.9 million families are homeless, while 26.9 million others live in uninhabitable houses.

Thailand to escalate measures to counter fake news. (Photo: nationthailand.com)

Thailand tightens control over fake news

09/08/2025 04:17

The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).

A cargo port in Bangkok, Thailand, on April 3, 2025 (Photo: Reuters/VNA)

🌺 Optimism rises for Thailand’s economy after US tariff cut

09/08/2025 01:19

The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.

MyFintech Week 2025 takes place in Malaysia from August 4 - 7, gathering nearly 1,000 industry leaders, regulators and innovators to explore the future of finance and technology. (Photo: antaranews.com)

﷽ Banks, fintech players strengthen presence in ASEAN

08/08/2025 23:01

Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.

Delegates cut the ribbon to inaugurate the ASEAN Hall in Seoul (Photo: VNA)

ASEAN Hall inaugurated in Seoul

08/08/2025 19:53

Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.

Rice displayed for sale at a supermarket in Bangkok, Thailand. (Photo: AFP/VNA)

Thailand promotes rice exports to key markets

08/08/2025 19:32

Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.

Malaysia PM calls on ASEAN countries to continue promoting peace. (Illustrative photo: Bernama)

ౠ Malaysia PM calls on ASEAN countries to continue promoting peace

08/08/2025 17:34

The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.

Ambassadors of ASEAN member states pose for a photo at the ceremony. (Photo: VNA)

♋ ASEAN Day in Prague celebrates bloc’s founding anniversary

08/08/2025 16:58

Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.

Indonesian Agriculture Minister Andi Amran Sulaiman (right) and New Zealand Minister of Agriculture, Forestry, Trade, and Investment Todd McClay pose for a photo after signing a memorandum of understanding on agricultural cooperation in Jakarta on August 7. (Photo: en.antaranews.com)

൲ Indonesia expands export of key agricultural products to New Zealand

08/08/2025 14:37

The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.

Thai Finance Minister Pichai Chunhavajira (//www.nationthailand.com/)

༒ Thailand unveils 6-point plan to boost innovation among businesses

08/08/2025 14:37

Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.

Vietnamese Ambassador to Israel Ly Duc Trung speaks at the event celebrating ASEAN's 58th founding anniversary. (Photo: VNA)

ASEAN’s founding anniversary marked in Israel

08/08/2025 14:00

Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.

A general view inside a shopping mall in Bangkok, Thailand, on June 20, 2025. (Photo: Reuters)

ꦿ Thai consumer confidence hits lowest level in over two years

08/08/2025 11:25

The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.

Vietnamese Ambassador to Hungary Bui Le Thai (second, left) poses for a group photo with Deputy Speaker of the Hungarian National Assembly Istvan Jakab (centre) and other ambassadors of ASEAN countries (Photo: VNA)

ꦅ Hungarian NA Deputy Speaker hails ASEAN’s role, backs stronger ties

08/08/2025 11:22

Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.

༺ Thai prosecutors indict 23 over deadly building collapse

08/08/2025 11:11

The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.

🅰 Indonesia seeks to prevent 70% of waste from entering sea by 2029

08/08/2025 06:58

Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.

A worker installs the battery of a Hyundai IONIQ 5 electric car on April 6, 2023, at the Hyundai Motor Manufacturing Indonesia (HMMI) assembly plant in Cikarang, West Java. (Photo: Jakarta Post)

💖 Indonesia doubles lithium imports to boost EV battery production

08/08/2025 04:03

Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.

Malaysia boosts investment in innovation

08/08/2025 03:13

Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.