Meeting with President, CEO and Director of Marubeni, Kakinoki Masumi, the leader spoke highly of the corporation’s operation in Vietnam over the past seven decades and suggested Marubeni continue its long-term investment in the country in other spheres, apart from energy.
Masumi said the corporation is operating the Thai Binh 1 Thermal Power Plant, which was inaugurated last February, and implementing the Nghi Son 2 Thermal Power Plant project whose construction is scheduled to be completed in 2020.
Prime Minister Nguyen Xuan Phuc (right) and President, CEO and Director of Marubeni, Kakinoki Masumi (Photo: VNA) Marubeni wants to invest in electricity production using liquefied natural gas (LNG) and is selecting venues for the the project, he said.
Along with infrastructure and energy, the corporation wishes to engage in other sectors in Vietnam, including large-scale water treatment, distribution, e-commerce, sports, entertainment, health care and smart city, Masumi added.
Marubeni will come to Vietnam – the corporation’s leading important market - with all of its experience and cutting-edge technology, abide by local regulations and protect the environment at the request of the PM, he stressed.
PM Phuc said Vietnam encourage plastic-free packaging projects, contributing to environmental protection.
Sugimori briefed the leader on its cooperation plan with Petrolimex, and called on the PM to continue supporting the collaboration in the time ahead.
JXTG aims to join hands with Petrolimex to help Vietnam diversify its petroleum supply chain and ensure energy security, he noted.
In this regard, PM Phuc assigned Petrolimex to make a detailed report on the project, saying it is necessary to thoroughly assess the project in order to ensure investment efficiency.
In a meeting with Nobiru Adachi, President Commissioner of J Trust, the PM highly valued the bank’s experience and financial capacity in restructuring and restoring the operation of banking organisations with financial difficulties in the region.
He noted that the Vietnamese Government is accelerating the restructuring of the financial and banking system, aiming to make it more healthy.
Speaking highly of J Trust’s wish to participate in bank restructuring in Vietnam, the PM suggested the Japanese bank promptly coordinate with the State Bank of Vietnam to carry out necessary steps.
He also lauded J Trust’s wish to work as a bridge for Japanese small-and medium-sized enterprises to invest in Vietnam, and informed Adachi that Vietnam aims to have 1 million firms by 2020.
This would be an opportunity for banks as well as Japanese businesses in the country, he said.
Adachi said Japanese enterprises have considered Vietnam an attractive investment destination, noting J Trust is interested in Vietnam’s financial and banking sectors and wants to engage in the restructuring of banks in the country.
On the same day, the Government leader met with leaders of the Japan-Vietnam Friendship Associations of the Kansai region and Sakai city as part of his trip to Osaka of Japan to attend the 14th G20 Summit.
Prime Minister Nguyen Xuan Phuc (right) and President of the Japan-Vietnam Friendship Association in the Kansai region Teichi Nishimura (Photo: VNA)
At a meeting with President of the Japan-Vietnam Friendship Association in the Kansai region Teichi Nishimura, PM Phuc applauded the association’s contributions to the friendship between the two countries, and between businesses of Vietnam and the region.
The leader expressed his hope that the association will step up cultural exchange and cooperation activities, as well as economic and trade links between the two countries, with attention paid to products of Kansai’s strength.
He called on the association to create conditions for and encourage Kansai businesses to invest in Vietnam, while assisting Vietnamese investors in the Japanese region.
PM Phuc suggested the association pay more heed to preserving and upholding the friendship between Vietnam and Japan, especially among young people.
Apart from economic cooperation, the association’s activities aiming to promote people-to-people exchanges have also brought about practical outcomes, he stressed.
Nishimura said PM Phuc’s attendance at the G20 Summit as a guest and his visit to Japan have affirmed Vietnam’s increasing role and position in the international arena, as well as the fruitful development of the friendship and extensive strategic partnership for peace and prosperity in Asia between the two countries.
Informing the Vietnamese leader about the association’s activities over the past time, he said the association will increase activities aiming to accelerate the implementation of Japan’s investment projects in Vietnam with more diverse and effective models.
PM Nguyen Xuan Phuc (right) and President of the Japan-Vietnam Friendship Association in Sakai city Hitoshi Kato (Photo: VNA)
Meeting with Hitoshi Kato, President of the Japan-Vietnam Friendship Association in Sakai, PM Phuc stressed that the Vietnam-Japan extensive strategic partnership is developing strongly with high political trust, creating favourable conditions for people-to-people exchanges as well as bilateral economic and trade links.
He applauded sentiments and contributions of the association to intensifying exchanges between citizens of the two countries, and the bilateral collaboration in national defence, economy and culture.
The leader suggested the association encourage its members to cooperate with and invest in Vietnam, promote cooperation in human resources development, receive more Vietnamese students and continue to support the Vietnamese community in Sakai.
For his part, Kato said the association is engaging in some projects in Vietnam, including those on supporting tuna farming, mitigating environmental pollution risks, planting cherry blossom and establishing a Koi fish breeding centre in the central province of Binh Dinh.
The association will work harder to contribute to beefing up the friendship and cooperation between businesses and people of Vietnam and Japan in general and Sakai in particular, he promised./.