Prime Minister Nguyen Xuan Phuc's attendance at the coronation ceremony of Emperor Naruhito is an expression that Vietnam attaches great importance to its extensive strategic partnership and great strides in the bilateral relationship in recent years.

At the invitation of the Government of Japan, Prime Minister Nguyen Xuan Phuc will attend the coronation of Emperor Naruhito on October 22 and 23 in Tokyo, Japan. The relationship between the two countries is at the best stage in history since the establishment of diplomatic relations with high reliability. Senior leaders of the two countries maintain regular visits and contacts at international and regional forums. In 1995, Japan was the first G-7 country to welcome the General Secretary of Vietnam to visit; in 2009, establishing a strategic partnership with Vietnam; 2011 recognized the regulation of market economy of Vietnam

Over the past 45 years, Japan's imprint in economic, investment and trade cooperation with Vietnam has become increasingly bold. Japan is Vietnam's leading economic partner and the largest ODA donor, the number two investor (in cumulative terms), and Vietnam's fourth largest trading partner (in 2018). The two countries have given each other the most favored nation tax rate since 1999. The total import and export turnover in the first 9 months of 2019 reached 29.16 billion USD (up 5.6% over the same period in 2018), of which exports reached 14.98 billion USD (up 8% over the same period in 2018), imports reached 14.18 billion USD (up 3.3% over the same period in 2018)

Regarding investment, in the first 7 months of 2019, Japanese investment capital to Vietnam reached 2.25 billion USD. Accumulated so far, the total registered capital of Japan in Vietnam reached 58.1 billion USD, accounting for 15.5% of the total FDI capital of the country. Japanese investment fields in Vietnam are mainly in processing, manufacturing, retailing, and real estate industries. In particular, there are currently more than 2,500 Japanese enterprises, including many enterprises of large economic groups that have successfully invested in business in Vietnam and are planning to expand the scale of development. A survey by the Japan Trade Promotion Organization (JETRO) in Hanoi also showed that up to 70% of Japanese enterprises want to invest in new Vietnam and 66.6% of Japanese enterprises in Vietnam. have plans to expand production and business activities.

From 1992 up to now, the number of Vietnamese trainees who have come to Japan to study in Japan has continuously increased. Currently, Vietnam ranks first in the number of foreign trainees in Japan with about 160,000 people. The cooperation in education and training between the two countries has developed in many forms, Japan is one of the largest non-refundable aid countries for the education and training sector of Vietnam. The two sides have signed many cooperation documents in this field. The number of Vietnamese international students in Japan by June 2018 is about 80,683 people, ranking 2nd in Japan.

Vietnamese Ambassador in Japan Vu Hong Nam said that the relationship between Vietnam and Japan has become a 'model of friendship and win-win alliances' in order to establish a framework for collaboration in Southeast Asia to ensure stability and peace.

. The Japanese Prime Minister's visit, planned for 18-20 October, will be the second time that a new Japanese Prime Minister has chosen Viet Nam as their first overseas destination upon taking office. According to Ambassador Nam, the decision of Prime Minister Suga to visit Viet Nam and Indonesia on his first trip abroad reflects Japan's respect for the area of Southeast Asia. Over the years, the policies of the Prime Minister towards Vietnam will be a continuation of Japanese policies, especially under the administration of former Prime Minister Abe Shinzo. Viet Nam and Japan have been trusted allies in an ambitious strategic alliance for stability and development in Asia nearly 50 years since the establishment of bilateral diplomatic relations. Japan has made important contributions to Việt Nam’s economic growth and vice-versa. He noted that relations have expanded strongly over the last decade and more, especially during the administration of PM Abe. All indicators on bilateral co-operation rose strongly, especially in the fields of investment, trade, and people-to-people exchange. Japanese investors consider Việt Nam an attractive, reliable, and safe investment destination. Japan now stands as Việt Nam’s second-largest investor with committed investment of more than  US$60 billion. Predicting investment of Japanese businesses in Việt Nam after the pandemic has been contained, the ambassador said there was currently a strong wave of investment capital flowing from Japan to Việt Nam. In 2019, the capital flow was very strong. In 2020, we are concerned that the COVID-19 pandemic could affect that flow. However, up to now, we are still witnessing a rather large inflow of investment capital from Japan into Việt Nam.The investment is mostly in high tech, telecommunication and sectors related to important infrastructure of Việt Nam, he added. At the same time, amid emerging challenges in Asia and Southeast Asia in particular, they will exchange views on security and political matters as well as global diplomatic and co-operative relations. They will also discuss co-operation in COVID-19 prevention and control, especially the re-opening of the border and commercial flights between the two countries to maintain and expand trade, economic exchange, and people-to-people contact.