Hanoi (VNA) – Deputy Prime Minister Tran Hong Ha hosted a reception in Hanoi on October 8 for President and CEO of Japan’s Sumitomo Corporation Shingo Ueno, during which he affirmed that Vietnam always welcomes and highly values Japanese businesses’ operations in the country, contributing to realising cooperation agreements between Vietnam and Japan.
Ha underlined that the growing comprehensive strategic partnership between Vietnam and Japan is the foundation for the fruitful bilateral economic cooperation.
Vietnam and Japan have paid special attention to implementation of international commitments and agreements on greenhouse gas emission reduction and global green transition, including the Japanese Government's initiative on an Asia Zero Emission Community (AZEC), the Deputy PM noted.
Praising the business results of Sumitomo in Vietnam across different areas, Ha said he hopes the firm and Vietnamese localities will continue to promote new cooperation projects in the coming time, including the north Hanoi smart city, and the west Thanh Hoa industrial park.
The official reminded that Sumitomo’s projects must be adaptable to climate change and resilient to natural disasters, contributing to ensuring their sustainability and effectiveness. He expressed his hope that Sumitomo will share with Vietnam Japanese experience in responding to climate change, preventing floods and landslides.
Ha also listened to Sumitomo’s proposals to invest in the Van Phong No.2 LNG-fuelled power plant as well as ideas on solutions to difficulties of Ho Chi Minh City’s Metro Line No.1 (Ben Thanh – Suoi Tien).
For his part, Ueno expressed his deep sympathy to the Government and people of Vietnam over losses caused by Typhoon Yagi.
He briefed the Vietnamese Deputy PM on the progress of the firm’s projects in Vietnam in the fields of manufacturing industry, energy, industrial park investment, smart city construction, and urban railway.
With the support of the Vietnamese Government, Sumitomo has invested in four industrial parks in Vietnam, generating jobs to about 90,000 labourers, putting Van Phong No.1 thermal power plant into operations, he said, adding that the company is speeding up the construction of the Metro Line No.1.
The corporation is preparing for the implementation of the north Hanoi smart city, and the west Thanh Hoa industrial park, while proposing investment for the Van Phong No.2 LNG-fuelled power plant, he said./.
Sumitomo Group explores 400 million USD investment in IP in Thanh Hoa
Sumitomo Corporation and the People's Committee of north central Thanh Hoa province have signed a memorandum of understanding (MOU) to explore investment opportunities in constructing industrial zones in the west of Thanh Hoa city, along with the establishment of logistics and urban centres.
