Prime Minister Pham Minh Chinh will partake in the expanded G7 Summit in Japan on May 19-21 at the invitation of Japanese Prime Minister Kishida Fumio.

Vietnam's Prime Minister Pham Minh Chinh (right) and his Japanese counterpart Kishida Fumio. Photo: Vietnam News Agency

The host nation also invites Indonesia, the current ASEAN Chair, to the upcoming summit.

The expanded G7 Summit, scheduled for May 20-21, is a part of the G7 Summit that will take place in Japan’s Hiroshima Prefecture on May 19-22.

The summit will be attended by many nations, including seven member states of G7, which are the US, Britain, France, Germany, Japan, Canada and Italy, the European Union (EU), invited nations such as Australia, Brazil, Comoros, Cook Islands, India, Indonesia, Republic of Korea, and Vietnam.

The summit will also feature several international organizations such as the United Nations, the International Energy Agency (IEA), the International Monetary Fund (IMF), the Organization for Economic Co-operation and Development (OECD), the World Bank, the World Health Organization (WHO), and the World Trade Organization (WTO).

Participants of the summit will discuss the topics regarding crisis resolution, climate change, energy transition and development, environmental protection, and economic growth.

The Vietnam-Japan bilateral diplomatic relations began on September 21, 1973. Japan is Vietnam’s fourth largest trading partner, with a bilateral trade value in 2022 reaching US$50 billion.

Japanese investors set up nearly 5,000 projects in Vietnam as of the end of 2022 with total registered capital of US$69 billion, making it the third largest investor in Vietnam globally.

Japan is also the biggest financial provider for official development assistance (ODA) projects in Vietnam, with a total value of US$29.3 billion, including US$1.8 billion worth of non-refundable aid.