Hanoi – Prime Minister Pham Minh Chinh of Vietnam met with Masumi Kakinoki, President and CEO of Japan’s Marubeni Corporation, in Hanoi on November 13. During this meeting, the Prime Minister expressed his hope for Marubeni and other Japanese enterprises to expand their cooperation and investment in Vietnam’s priority development areas.
According to Vietnam News Agency, since its entry into the Vietnamese market in 1991, Marubeni Corporation has invested approximately 90 billion JPY (592.97 million USD), contributing to the creation of jobs for 7,500 workers. Both the Prime Minister and Kakinoki acknowledged the fruitful and strengthening Vietnam-Japan extensive strategic partnership, emphasizing the growing political trust between the two countries.
Prime Minister Chinh highlighted that despite facing numerous challenges, the Vietnamese economy is exhibiting positive signs of recovery. The nation’s macro-economic stability, controlled inflation, and promotion of growth are creating an attractive environment for increasing investment from Japanese enterprises. He described these factors as crucial foundations for the success of foreign investors in Vietnam.
Kakinoki, viewing Vietnam as an important market in Asia, outlined plans to continue investing billions of USD in local projects across seven key sectors, including energy, goods processing and exports, and infrastructure development. He expressed his expectation for the Vietnamese government’s support in expediting these projects.
In response, the Prime Minister assured that Vietnam is actively working to improve its business environment, aiming to offer even better conditions for foreign investors. He emphasized Vietnam’s commitment to protecting the legitimate rights and interests of these investors.
Focusing on areas such as innovation, digital transformation, green transition, renewable energy, and e-commerce development, Vietnam is seeking to become more attractive for foreign investment. Prime Minister Chinh urged Marubeni to contribute to policy and mechanism suggestions, particularly in supporting Vietnam with human resources training, technology transfer, and management experience sharing.
He also encouraged Marubeni to intensify trade promotion and business networking activities, enhance the export of industrial and agricultural products of Vietnam’s strengths, and support the linkage of supply chains between Vietnam and Japan. This would facilitate both countries’ participation in the global value chain.
Furthermore, the Prime Minister suggested Marubeni should collaborate closely with Vietnamese partners in areas like wind, solar, and biomass power. This collaboration would assist Vietnam in transitioning to green, clean, and sustainable energy sources, and contribute to the reduction of greenhouse gas emissions.