PM encourages Japan’s Mitsui to expand investment in Vietnam
(VOVWORLD) - Prime Minister Pham Minh Chinh urged Mitsui & Co., Ltd of Japan to accelerate the implementation of the Block B gas-electricity project and expand its cooperation and investment in other sectors in Vietnam, especially offshore wind energy development.
 Prime Minister Pham Minh Chinh (R) receives Mitsui Chairman Tatsuo Yasunaga in Hanoi on September 11, 2024. |
He was speaking during a reception for Mitsui Chairman Tatsuo Yasunaga in Hanoi on Wednesday.
PM Chinh reaffirmed the Vietnamese Government's commitment to supporting and creating favorable conditions for Japanese businesses in general and Mitsui & Co in particular to conduct effective and sustainable investment and business activities in Vietnam.
He asked the Japanese firm to invest in building a feed mill, broaden its business activities in Vietnam in sectors of its strength; collaborate, support and transfer technology and management experience with Vietnamese partners to help them become more deeply involved in regional and global supply chains.
Chairman Yasunaga said that Mitsui has invested 1 billion USD in 22 projects in Vietnam, especially in mineral resources, energy, equipment, and textiles. Among these, the Block B gas-electricity project totaled over 700 million USD.
He asked for support for expanding Mitsui's investment and business into other areas in Vietnam, such as farming, processing and export of aquatic products; pelletised wood production and export; as well as human resources training and labour cooperation.