Welcoming the delegation were Representative Director President and Chief Executive Officer of Sumitomo Corporation Ueno Shingo, who is also Co-Chair of the Japan-Viet Nam Economic Committee, and Sojitz Chairman Fujimoto Masayoshi, another co-chair of the committee, along with representatives of Keidanren and Japanese businesses.
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At the working session between the Ha Noi delegation and representatives from the Japan Business Federation (Keidanren), the Japan-Viet Nam Economic Committee and the leadership of Sumitomo and Sojitz corporations in Tokyo on November 10 |
Representatives of the Japanese corporations spoke highly of Ha Noi's development potential, advantages and investment environment, describing the capital as an attractive destination with considerable room for further growth.
Both Sumitomo and Sojitz are implementing investment and business projects in Ha Noi, contributing to the city's socio-economic development and strengthening economic ties between the two countries.
The Japanese business leaders pledged to continue serving as a bridge for deeper economic, trade and investment cooperation between Viet Nam and Japan. They also called for further efforts to develop specific mechanisms and policies to facilitate business connections, investment expansion and sustainable development.
For his part, Thang thanked the Japanese partners for their warm reception and acknowledged the contribution of Keidanren, the Japan-Viet Nam Economic Committee, Sumitomo, Sojitz and the wider Japanese business community to Ha Noi's development.
Building on the Comprehensive Strategic Partnership between Viet Nam and Japan, Ha Noi wishes to promote long-term, substantive and mutually beneficial investment cooperation, he said.
Japan is one of Ha Noi's most important partners and its largest foreign investor, he noted, highlighting the contribution of Japanese companies such as Canon, Panasonic, Sumitomo Electric, Yamaha, Aeon and Nidec.
According to Thang, Ha Noi's investment environment is posed for a breakthrough, with the 2026 Capital Law and the capital's 100-year vision master plan expected to create major institutional and spatial development opportunities. The city is stepping up administrative reform and investment in key infrastructure while improving the business environment, particularly for enterprises operating in high-tech sectors.
He proposed that Ha Noi and its Japanese partners focus on investment attraction, co-investment and joint development in priority areas, including high technology and innovation, the digital economy and digital infrastructure, clean energy and environmental protection, and smart logistics.
He called on Sumitomo to mobilize resources, complete necessary procedures and accelerate the North Ha Noi Smart City project, while exploring further cooperation in high-tech industrial parks and clean energy.
Congratulating Sojitz on its 40 years of operations in Viet Nam, Thang encouraged the corporation to explore projects in smart logistics and supply chains. He also welcomed its proposals for cooperation in developing green industrial park infrastructure, using clean energy and promoting digital transformation.
He invited both corporations to explore additional investment opportunities in areas where Japan has strengths, including digital transformation and healthcare.
Also on November 10, a Ha Noi delegation led by Vice Chairman of the municipal People's Committee Do Anh Tuan held a working session with the Japan Bank for International Cooperation (JBIC) to promote financial cooperation and mobilize resources for the capital's strategic infrastructure and green development projects.
The delegation was received by Kawakami Nao, Senior Managing Executive Officer and Head of JBIC's Global Infrastructure and Environment Finance Group, and other senior officials.
Kawakami welcomed the delegation and said Ha Noi's development plans require substantial financial resources beyond Japanese official development assistance (ODA). JBIC wishes to play a more active role in supporting private-sector businesses investing in the capital, he said.
Tuan praised JBIC's longstanding contribution to Viet Nam and Ha Noi, describing it as one of Japan's leading development financial institutions.
He noted that the Comprehensive Strategic Partnership between Viet Nam and Japan is at its best period of development. During Japanese Prime Minister Takaichi Sanae's visit to Viet Nam in May, economic security was identified as a new pillar of bilateral cooperation.
In this regard, JBIC plays an important role through projects under the Asia Zero Emission Community (AZEC), the POWERR Asia initiative and green credit facilities, he said.
He proposed that JBIC use its extensive network to introduce capable Japanese companies in semiconductors, electronic components, precision engineering, automation, R&D, digital infrastructure and environmental technologies to explore investment opportunities in Ha Noi. He also called for cooperation in organizing investment promotion activities focused on specific sectors.
Ha Noi reaffirmed its commitment to accelerating administrative reform and digital transformation, making planning information more transparent and improving the investment climate to facilitate long-term cooperation with Japanese businesses and financial institutions.
Source: VNA