Prime Minister Nguyen Xuan Phuc (R) and Tatsuo Yasunaga, President and CEO of Mitsui & Co Ltd. (Photo: VNA)
Tokyo (VNA) – Prime Minister Nguyen Xuan Phucreceived leaders of Japanese groups investing in Vie🐼tnam in Tokyo on Julyꩵ 1 aspart of his ongoing visit to Japan.
At the reception for Tatsuo Yasunaga, President and CEO of Mitsui& Co Ltd., the Government leader praised the company’s business performancein Vietnam, particularly in processing and distributing of local aquaticproducts.
PM Phuc welcomed a joint project between Mitsui and Minh PhuSeafood Corporation which could push the shrimp export value of the majorshrimp farming business in Vietnam to 1 billion USD.
Yasunaga informed his host of the success of the jointproject, which has seen over 150 million USD invested in improving Minh Phu’sprocessing, business management and export capacity, adding the sides plan tofocus on upgrading refrigeration equipment and expanding export markets,particularly targeting Russia apart from the US.
In another meeting with Han Chang-woo, chairman and CEO ofMaruhan Corporation, PM Phuc said Vietnam is pressing ahead with effective equitisationof Stated-owned enterprises (SOEs), particularly in transport, infrastructure,construction, telecom, agriculture, trade-services, and tourism.
PM Phuc receives Han Chang-woo, chairman and CEO of Maruhan Corporation (Photo: VNA)
The Vietnamese Government is willing to create favorableconditions for Japanese firms, including Maruhan, to set up strategicpartnerships with the SOEs, he affirmed.
Encouraging the company to join banking restructuringprocess in Vietnam, Phuc wanted Maruhan to not only contribute capital but alsoprovide support in terms of technology and financial skills needed to buildinga digital banking industry.
Han said his firm is looking for such support from the PMand the Vietnamese Government so that it could engage in the local bankingrestructuring.
The same day, the Vietnamese leader also received MitsuoOhya, Senior Vice President of Toray Industries, Inc., who said that his groupis considering a large-scale investment plan in Vietnam that uses advanced andsustainable technologies, and is expecting the Government’s attention.
PM Phuc and Mitsuo Ohya, Senior Vice President of Toray Industries, Inc. (Photo: VNA)
The PM welcomed the company’s investment in fabric weaving,an area of high demand in Vietnam. He noted that with its joining of the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership and signing of theEU-Vietnam Free Trade Agreement, Vietnam is a potential market for the company.
He suggested Toray Industries, when investing in Vietnam,study the building of modern industrial complexes, cooperate with domesticfirms in supplying electronic components, and work with public agencies intraining highly competent managers and engineers for the garment-textileindustry.
Receiving Masayuki Hyodo, President and CEO of SumitomoCorporation, PM Phuc lauded the company’s investment-business collaborationprojects with leading Japanese and Vietnamese firms, particularly those onfintech and smart city development.
PM Phuc and Masayuki Hyodo, President and CEO of Sumitomo Corporation (Photo: VNA)
Hyodo stressed his commitment to make Sumitomo’s investmentin Vietnam a success, contributing to the nation’s growth.
Also on July 1, the PM a𝓰ttended the celebration of the 25th anniversary of the Vietnam Airlines’ Vietnam – Jﷺapan route.-VNA
Scene at the celebration (Photo: VNA) 
