During a meeting with municipal leaders on August 12, Eita Fujikawa, General Director of Sumitomo Vietnam, said Can Tho is an important target in the group's industrial park development strategy in southern Vietnam.
Prime Minister Pham Minh Chinh expected Sumitomo Corporation to become a strategic investor of Vietnam with greater contributions to the Vietnamese economy while receiving Yukihito Honda, Group CEO of the Japanese firm's Urban Infrastructure Development Group in Hanoi on July 22.
PM Chinh highly valued Sumitomo's investment projects in Vietnam, describing them as large in scale with strong spillover effects on socio-economic development in the Southeast Asian country.
The Vietnamese Embassy in Japan held a ceremony on November 22 to present the Prime Minister's certificates of merit to Sojitz Corporation and Sumitomo Corporation in recognition of their contributions to Vietnam-Japan friendship and cooperation.
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.
The Van Phong 1 BOT Thermal Power Plant in the Van Phong Economic Zone of the south-central province of Khanh Hoa was inaugurated on March 13, supplying an additional 8.5 billion kWh per year, accounting for approximately 3% of the total electricity output nationwide.
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.
Secretary of the Party Committee of Hanoi Dinh Tien Dung on March 23 hosted a reception for Japanese Ambassador to Vietnam Yamada Takio and representatives of the Sumitomo Corporation of Japan and Vietnam's BRG Group to review the implementation of a smart city project in the northern area of Hanoi.
The northern province of Hung Yen will cooperate with Japan's Sumitomo Corporation in the implementation of the third phase of Thang Long Industrial Park II expansion project under a memorandum of understanding exchanged on November 25 within the framework of the official visit to Japan by Prime Minister Pham Minh Chinh.
Hanoi has been working to enhance administrative reform and address difficulties in an effort to create an optimal investment climate for investors, Politburo member and Secretary of the Hanoi Party Committee Vuong Dinh Hue has said.
Chairman of the Hanoi municipal People’s Committee Nguyen Duc Chung has affirmed that Hanoi always provides all possible support for foreign investors and those from Japan in particular.
The northern province of Hung Yen will spare no efforts to turn it into the optimal investment destination for Japanese investors, Chairman of the provincial People’s Committee Nguyen Van Phong said on September 27.
Hanoi lured more than 6.17 billion USD in foreign direct investment (FDI) in the first seven months of 2018, making it the leading FDI attractor of the country, accounting for 26.9 percent of total FDI commitments in the period.
The Hanoi People’s Committee, BRG Group and Japan’s Sumitomo Corporation signed a cooperation agreement on developing Nhat Tan-Noi Bai urban project with total investment of more than 4 billion USD, aiming to build the most modern smart city of Southeast Asia in the north of Hanoi.
