Archive for November 3, 2010

Vietnam and Japan Become Partners in Mineral Exports and Nuclear Power

Posted in Economics, Politics with tags , , , , on November 3, 2010 by Ian Pham

The Vietnamese government has come to a new agreement with Japan, making them partners in mineral exports and nuclear development.  Vietnam will become a supplier of rare minerals and earths to Japan, and the two will cooperate in the development of nuclear power.

The previous supplier of most of Japan’s mineral and earth resources was China, but the recent developments in the Pacific has caused Japan to look for new business associates.  The recent clashes prompted China to impose an embargo on the Japanese, but they have since then been lifted.

Japan has made promises to assist Vietnam in the development of nuclear power, as Vietnam aims to construct eight nuclear plants by 2030.  The new agreements took place at the meeting of East Asian leaders on saturday in Hanoi.  Top officials from Russia and the U.S., including Hilary Clinton, were also in attendance.