Vietnam, Japan in favourable conditions to further investment, trade relations: Amb.

Ngoc Thuy - Khac Kien

Dec 28, 2020 / 10:08 AM

The Japanese Ambassador lauded the comprehensive and strategic partnership between Vietnam’s state-run Vietinbank and Japan-based MUFG Bank over the years, which has served as a bridge for two business communities to boost trade and investment cooperation.

Improved investment environment, friendly policies and effective containment of the Covid-19 pandemic are favourable conditions for Vietnam and Japan to further their bilateral trade and investment cooperation in the coming time.

Overview of the meeting.

Japan’s Ambassador to Vietnam Yamada Takio made the remarks at a meeting with Chairman of VietinBank’s Board of Directors Le Duc Tho on December 25.

The meeting is set to contribute to Vietnam-Japan relations, especially in the field of finance- banking, noted Mr. Takio.

Delegates at the meeting.

“The Regional Comprehensive Economic Partnership (RCEP) with ASEAN, China, Japan, South Korea, Australia and New Zealand as its members will boost trading activities between all parties involved, including Vietnam and Japan,” he added.

Mr. Takio lauded the comprehensive and strategic partnership between Vietnam’s state-run Vietinbank and Japan-based MUFG Bank over the years, which has served as a bridge for the two business communities to boost trade and investment cooperation.

With significant results achieved in investment, trade and economic cooperation between Vietnam and Japan, the Ambassador expected the partnership between Vietinbank and its Japanese peers will continue to go strong in the future.

As of present, the State Bank of Vietnam (SBV), the country’s central bank, is the largest shareholder of Vietinbank with a 64.46% stake, followed by Japan’s largest bank MUFG with over 19.7%. The IFC remains a major shareholder of Vietinbank with 3.35% stake.

Vietinbank’s Chairman of Board of Directors Le Duc Tho said the bank is committed to supporting Japanese companies investing and expanding their operations in Vietnam.

“The long-standing partnership between Vietinbank and MUFG Bank is the strong foundation to help enhance the Vietnam – Japan trade, economic and investment cooperation,” Mr. Tho suggested.

Both Vietinbank and MUFG Bank are giving priorities to support Japanese companies having M&A activities in Vietnam, as well as projects related to infrastructure development.

More Japanese firms to leave China for Vietnam: Ambassador

22 Dec, 14:14

Vietnam is the top choice for Japanese companies looking to diversify their supply chains, the Japanese Ambassador to Vietnam has said.

Vietnam - an ideal option for Japan’s new supply chains: JICA

12 Dec, 16:29

Amid the Covid-19 causing global economic recession, Vietnam stands ready to receive a shift of investment capital from Japanese investors, Prime Minister Nguyen Xuan Phuc has said.

Japan–Vietnam cooperation in tech, digital transformation set to flourish

27 Nov, 14:14

Despite disruption caused by the Covid-19 pandemic, the Vietnam – Japan relations have become even stronger.

Vietnam to tighten biometric authentication for new bank cards next year

Bank card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of organizational customers with their identity documents.

05 Dec, 10:37 AM

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Vietnam will host the seventh National Forum on Vietnamese Digital Technology Enterprises on December 25 in Hanoi, highlighting policy directions, strategic technologies and progress under the “Make in Vietnam” initiative as the country pushes toward a stronger digital economy.

02 Dec, 03:33 PM

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

At the Moscow–Hanoi Business Forum, leaders from both capitals said 75 years of Vietnam–Russia ties provide a strong foundation to deepen economic and investment cooperation, especially in technology, trade and urban development.

02 Dec, 02:17 PM

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam’s manufacturing sector continued to expand in November, marking the fifth straight month of improvement, even as severe storms caused supply-chain delays and slowed production, according to S&P Global.

01 Dec, 09:13 PM

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Hanoi’s Hoan Kiem pedestrian street will host Techfest Vietnam 2025 from December 12 to December 14, welcoming entrepreneurs, investors and the public to explore emerging technologies and celebrate the country’s growing culture of innovation.

01 Dec, 09:07 PM

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

The Vietnam Women’s Entrepreneurship Support Program has surpassed nearly every target set for 2017–2025, empowering more than 118,000 women to launch new ventures and laying the groundwork for a stronger, more inclusive entrepreneurial ecosystem in the next decade.

01 Dec, 07:11 PM

HHTIP accompanies businesses in efficient energy use for sustainability

As green transition becomes a decisive factor shaping future growth, Hanoi is intensifying efforts to push energy efficiency across its industrial zones. The city’s management board is building a development model centered on clean energy, responsible production and sustainable operations.

30 Nov, 02:00 PM

Vietnam launches Semiconductor Alliance to build skilled workforce, strengthen global industry ties

The newly launched Semiconductor Alliance in Vietnam seeks to develop skilled professionals, foster collaboration between universities and businesses while preparing the country to play a more active role in the global semiconductor industry.

28 Nov, 06:15 PM