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  • July 2015
  • Signing of a Memorandum of Cooperation (MOC) between the Ministry of Economy, Trade and Industry of Japan and the Ministry of Industry and Trade of the socialist republic of Viet Nam on the Establishment of Joint Committee between Japan and Viet Nam on Cooperation in Industry, Trade and Energy

Signing of a Memorandum of Cooperation (MOC) between the Ministry of Economy, Trade and Industry of Japan and the Ministry of Industry and Trade of the socialist republic of Viet Nam on the Establishment of Joint Committee between Japan and Viet Nam on Cooperation in Industry, Trade and Energy

On July 3, 2015, Mr. Yoichi Miyazawa, Minister of Economy, Trade and Industry, had a meeting with Mr. Vu Huy Hoang, Minister of Industry and Trade of Viet Nam, and signed a Memorandum of Cooperation (MOC) between the Ministry of Economy, Trade and Industry of Japan and the Ministry of Industry and Trade of the socialist republic of Viet Nam on the Establishment of Joint Committee between Japan and Viet Nam on Cooperation in Industry, Trade and Energy.

The economic relationship between the two countries is expected to be strengthened even further by trying to resolve pending matters in various fields through intensive discussions between the two ministries in this committee.

1. Background

At the meeting which was held between Mr. Toshimitsu Motegi, then Minister of Economy, Trade and Industry, and Mr. Vu Huy Hoang, Minister of Industry and Trade of Viet Nam, in December 2013, Minister Hoang proposed the creation of a working group through cooperation between the Ministry of Economy, Trade and Industry (METI) and the Ministry of Industry and Trade (MOIT) of Viet Nam to discuss various pending matters, and Minister Motegi agreed to the proposal.

Minister Miyazawa and Minister Hoang agreed to establish a committee to discuss pending matters in the fields of industry, trade, and energy between the two ministries, with both ministers serving as co-chairs of the committee meetings from this point forward, and signed the Memorandum of Cooperation (MOC) between the Ministry of Economy, Trade and Industry of Japan and the Ministry of Industry and Trade of the socialist republic of Viet Nam on the Establishment of Joint Committee between Japan and Viet Nam on Cooperation in Industry, Trade and Energy on July 3, 2015.

2. Overview of the proposed Committee between Japan and Viet Nam on Cooperation in Industry, Trade and Energy

The ministers of METI and MOIT shall be co-chairs of the committee, and meetings of the committee shall be held alternately in each country approximately once a year to provide opportunities to discuss pending matters in the fields of industry, trade, and energy.

In addition to the committee, a Task Force (TF) shall be established under the committee, with deputy director-general level officials from each ministry as co-chairs.

Release date

July 3, 2015

Division in Charge

Asia and Pacific Division, Trade Policy Bureau

Related Information

Regional Affairs / Viet Nam

Ministry of Economy, Trade and Industry
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