Business

Japan’s Marubeni Corp. asked to boost ties with Vietnamese firms

Deputy Prime Minister Trinh Dinh Dung received CEO of Marubeni Corporation Masumi Kakinoki in Hanoi on April 16, calling on his firm and other Japanese businesses to increase cooperation with Vietnamese firms.
Japan’s Marubeni Corp. asked to boost ties with Vietnamese firms ảnh 1Deputy Prime Minister Trinh Dinh Dung (R) meets with CEO of Marubeni Corporation Masumi Kakinoki in Hanoi on April 16 (Photo: VNA)

Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dungreceived CEO of Marubeni Corporation Masumi Kakinoki in Hanoi on April 16,calling on his firm and other Japanese businesses to increase cooperation withVietnamese firms.

The deputy PM highly valued Marubeni’sconsideration of Vietnam as an important market in Asia, as well as itsinvestment in the country’s critical industries like export-import, energy,food processing, and garment-textiles.

He described Marubeni’s development in Vietnamas an illustration of the Vietnam-Japan cooperation and friendship, which areflourishing in a substantive and comprehensive manner with high politicaltrust.

Japan is currently a leading economic, trade,and investment partner of Vietnam, he said, elaborating that it is the top supplierof official development assistance with the capital of some 30 billion USD; thesecond biggest investor with 4,020 projects worth 57 billion USD; and the thirdlargest source of foreign visitors, with some 800,000 tourists to Vietnam last year. With 38 billion USD inbilateral trade in 2018, Japan ranks fourth amongst Vietnam’s trade partners.

Dung said that Vietnam attaches great importanceto its economic partnership with Japan and appreciates Japanese businesses’ investmentexpansion in various industries. They have actively contributed to localsocio-economic development.

As Vietnam has signed many trade agreements withforeign partners, he called on Marubeni and other Japanese enterprises tocontinue increasing investment in Vietnam and cooperation with local firms. Hesuggested the group collaborate with Vietnamese partners to produce anddistribute Vietnamese products to the Japanese and global markets.

The Vietnamese Government is determined to pushahead with streamlining administrative procedures and improving the investmentclimate, thereby creating better conditions for foreign investors, includingthose from Japan, to invest and do business successfully in the country, DeputyPM Dung affirmed.

At the meeting, Marubeni CEO Masumi Kakinokithanked the Vietnamese Government, ministries, sectors, and localities forcreating optimal conditions for his firm to operate. 

He affirmed the group’s intention to makelong-term investments in Vietnam in various fields, including export-import,electricity generation, liquefied gas projects, running water production andbusiness, and wastewater treatment. 

Marubeni also wishes to partner with Vietnamesecompanies to expand its investment into many other fields, he added. –VNA
VNA
#Deputy Prime Minister Trinh Dinh Dung #Marubeni Corporation #CEO of Marubeni Corporation Masumi Kakinoki #Marubeni's investment in Vietnam #Japan's investment in Vietnam #Vietnam-Japan relations #updated Vietnam news #Vietnamplus #Vietnam News Agency Japan
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