Japan enterprises want to take part in Vietnam’s privatization process

Dec 04, 2019 / 03:19 PM

Japanese enterprises want to be updated on legal procedures so that they could play a more active role in the process of state-owned enterprises privatization in Vietnam.

Japanese enterprises are willing to take part in the restructuring and privatization processes of Vietnam’s state-owned enterprises (SOEs), according to Yoshiki Onoi, chairman of Japan’s International Friendship Exchange Council (FEC) and vice executive of Electric Power Development company (J-POWER).

Minister of Finance Dinh Tien Dung (R) and Yoshiki Onoi, chairman of Japan’s International Friendship Exchange Council (FEC) (L). Source: MoF

Members of the FEC are interested in the privatization process in Vietnam, said Onoi in a meeting with Minister of Finance Dinh Tien Dung on December 2.

Onoi expected the Ministry of Finance (MoF) to provide information on Vietnam’s legal procedures related to build-operate-transfer (BOT), public-private partnership (PPP) models, as well as other regulations and laws, so that Japanese enterprises could play an active role during the privatization of local SOEs.

At the meeting, Minister Dung said Japan is Vietnam’s largest official development assistance (ODA) donor, and the second largest investor out of 106 countries and territories.

Dung said in 2019, Vietnam’s GDP growth rate is set to reach 6.8%, inflation at 2.5 – 2.6%, meaning stable macro-economic conditions.

According to Dung, Vietnam aims to enhance efficiency of SOEs during the 2020 – 2021 period. The MoF is revising regulations regarding SOE privatization, while encouraging foreign investors to take part in the process.

In the coming time, the Vietnamese government would focus on perfecting legal framework and foreign investment policies, aiming to improve the business environment.

Regarding the SOE privatization, Dung stressed the process would be carried out in a transparent and fair manner.

“The MoF is committed to creating favorable conditions for Japanese investors doing businesses in Vietnam,” Dung stated.

1,000 Japanese officials, enterprises to visit Vietnam early 2020

19 Nov, 17:18

The Vietnamese government gives priority to the Vietnam – Japan strategic partnership.

S.Korea and Japan compete for Vietnam’s retail market shares

02 Nov, 18:04

Vietnam’s retail market is growing at an annual rate of 10.9% in the 2013 – 2018 period, while most leading names in the market come from South Korea and Japan, ranging from convenience stores, department stores to e-commerce.

Japan’s ODA to Vietnam to focus on issues of global concerns from 2020: JICA

20 Oct, 12:31

Japan`s funding should be suitable with Vietnam`s role in promoting climate change resilience, universal health coverage (UHC), and sustainable development goals (SDGs).

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

The festival aims to promote and honor outstanding OCOP products and producers and to reaffirm Hanoi’s leading role as the country’s “pacesetter” in the One Commune One Product (OCOP) program.

17 Dec, 07:06 PM

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Despite global economic and geopolitical headwinds, foreign capital flows into Vietnam accelerated in 2025, with investment increasingly concentrated in high value-added sectors, highlighting the country’s growing appeal as a stable, long-term destination for investors.

16 Dec, 10:12 PM

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

16 Dec, 03:35 PM

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.

15 Dec, 07:28 PM

Hanoi urged to train 100,000 digital engineers through online academy

The Capital Strategic Technology Development Forum gathered a wide range of proposals from businesses, experts and investors on how Hanoi should shape its deep-tech development agenda in the coming decades with a long-term vision to 2045.

15 Dec, 07:16 PM

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

14 Dec, 02:17 AM

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam’s startup ecosystem continues to expand rapidly, with strong venture capital inflows and fast growth in digital, AI and green technologies, reinforcing the country’s appeal to global investors.

13 Dec, 04:40 PM

Vietnamese policymakers push for early launch of gold exchange

A transparent gold exchange would not only offer a safe investment channel for the public but also provide a foundation for Vietnam to become a regional hub for jewelry manufacturing and exports.

12 Dec, 04:05 PM