Japan’s Tokuyama to build polysilicon plant in Vietnam
Vietnam and Japan pledged close government-business cooperation to advance high-tech industries of the comprehensive strategic partnership.
THE HANOI TIMES — Japan's Tokuyama Corporation will build a new polysilicon manufacturing facility, an essential component for the semiconductor supply chain, in the southern coastal province of Ba Ria-Vung Tau.
The news was released on April 28 in Hanoi at the Vietnam-Japan Cooperation Forum in Strategic Industries, High Technology, Green Transition and Semiconductors, co-chaired by Vietnamese Prime Minister Pham Minh Chinh and Japanese Prime Minister Ishiba Shigeru.
Tokuyama, a Japanese chemical manufacturer, announced that it is preparing to set up a production base in Vietnam, attracted by the country's strategic policy to promote the development of the semiconductor industry.
Leaders and delegates from Vietnam and Japan at the Vietnam-Japan Forum. Photos: VGP
At the event, Truong Gia Binh, Chairman of FPT Corporation, said that FPT and NVIDIA have recently partnered with Japan's Sumitomo Corporation and SBI Holdings to establish an artificial intelligence factory in Japan.
Taka Fujino, General Director of Panasonic Vietnam, said that the company's establishment of an R&D center in Vietnam is now yielding results, with 180 skilled Vietnamese engineers developing advanced digital solutions for manufacturing transformation.
Exploring Vietnam-Japan cooperation opportunities
The prime ministers of Vietnam and Japan witness the signing of a Memorandum of Understanding between FPT Corporation and Restar Group.
Japanese Prime Minister Ishiba Shigeru described Vietnam as an increasingly attractive destination for Japanese businesses, thanks to its 100 million population and abundant, high-quality labor force.
Amid global economic uncertainties, he said that the two countries have an opportunity to strengthen cooperation in high-tech industries with resilience to external shocks.
Japan will support Vietnam in human resource development and pledge to host 250 Vietnamese Ph.D. researchers specializing in semiconductors.
Prime Minister Ishiba Shigeru committed to helping Vietnam develop its high-tech industry, promoting the reduction of carbon emissions, and building a polysilicon plant.
Vietnamese Prime Minister Pham Minh Chinh affirmed that both governments are committed to supporting businesses operating in the semiconductor industry, high technology, innovation, and circular economy, key sectors for the sustainable development of both countries.
He said Vietnam is actively improving its investment environment, focusing on streamlining regulations, developing infrastructure and a skilled workforce.
Chinh called on Japan to continue supporting Vietnam in technology transfer, green finance, green transition initiatives, and workforce training for the semiconductor and artificial intelligence sectors.
At the forum, the two Prime Ministers highlighted the critical role of the Ministry of Finance's National Innovation Center (NIC) as a central hub for innovation cooperation between Vietnam and Japan.
They also witnessed the signing of several memoranda of understanding between the business communities of the two countries, covering the aforementioned industries.
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Japan is one of Vietnam's top economic partners, ranking first in aid and labor relations, third in investment, and fourth in trade and tourism. As of March 2025, Japan had 5,500 active projects in Vietnam with a capital of US$78.6 billion, mainly in manufacturing, energy, technology, healthcare, and education. In the first quarter of this year, investment rose 20% year-on-year. |
