Friday, May 30, 2025

Japan-Vietnam Pact Boosts Semiconductor Cooperation

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Japanese Prime Minister Shigeru Ishiba visited Hanoi to strengthen semiconductor cooperation between Japan and Vietnam. This visit came amid rising global trade tensions, especially involving the United States and China. Ishiba’s trip included the Philippines, underlining Japan’s growing engagement with Southeast Asia. Meanwhile, Chinese President Xi Jinping recently toured the region, promoting China as a trade partner. In response, Japan emphasized its strategic alliances in Southeast Asia.

During the Hanoi visit, Ishiba met Vietnamese Prime Minister Pham Minh Chinh. Together, they signed four major cooperation agreements to enhance economic ties. Two critical deals focused on semiconductor research and clean energy development. These agreements reflect both nations’ desire to build resilient supply chains. Additionally, they aim to secure technological advancement through joint efforts.

A major initiative in the deal involves training 250 Vietnamese doctorate students in semiconductor technologies. Japan pledged strong support to develop Vietnam’s high-tech workforce. This effort supports Vietnam’s ambition to rise in the global supply chain. The country, once known for low-cost goods, now targets leadership in advanced manufacturing. Clearly, semiconductor cooperation between Japan and Vietnam drives this transformation.

Ishiba described Vietnam and the Philippines as central to global economic growth. However, he also warned about disruptions from Trump’s recent trade policies. A blanket 10% tariff affects both Vietnam and Japan. Although extra tariffs on both countries remain on hold, businesses face growing uncertainty. Despite this, Japan continues to expand regional partnerships through strategic investments.

At a press conference, Ishiba pledged support for Japanese businesses investing in Vietnam. He also highlighted Japan’s role in human resource development for high-tech industries. Semiconductor cooperation between Japan and Vietnam stands at the core of this effort. The partnership ensures stronger economic ties and future-ready workforces. With this visit, Japan reaffirmed its long-term commitment to Southeast Asia.

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