Viet Nam is key strategic market of Marubeni: CEO Masayuki Omoto

Omoto hailed Viet Nam's efforts to implement strategic policies and improve its business environment.

In particular, the revolution to streamine the political system and the reorganization of administrative boundaries will enhance operational efficiency, simplify administrative procedures, and shorten the licensing and decision-making process, he added.

Marubeni plans to expand its operations in Viet Nam in the near future with high-quality investments, focusing on human resource development, including O Mon II Thermal Power Plant Project, the Quang Ninh LNG power project, wind and solar farm projects, the Amata City Ha Long Industrial Park project, construction of processing plants for export goods, and smart city projects in Ha Noi and Ho Chi Minh City, shared Omoto.

Pham, for his part, welcomed Marubeni's plan to increase investment in Viet Nam in the near future, affirming that the Vietnamese Government will always create favorable conditions for foreign businesses, including those from Japan, to invest and operate effectively in the country, in the spirit of "harmonized interests, shared risks."

He urged the group to expand operation in energy sector, such as thermal and offshore wind power, the development of artificial intelligence and domestic big data infrastructure, as well as the export of electricity to other ASEAN countries.

The Prime Minister called on the group to strengthen cooperation with the Viet Nam National Coal and Mineral Industries Group to conduct business activities and export coal to Japan.

The group should enhance collaboration in the fields of production of plant and animal breeds, brand building, processing, and exporting Viet Nam's key agricultural products, such as coffee, rice, high-quality food and development of industrial zones, suggested the Government chief.

The Prime Minister recommended Marubeni consider establishing factories in Viet Nam to produce instant noodles, mochi cakes, and pharmaceuticals to meet both domestic demand and export needs.

The group should support Vietnamese enterprises in participating in its global supply chain, provide human resource training, and promote cooperation in science and technology as well as digital transformation, underlined Pham.

Marubeni has been investing in Viet Nam for 80 years, focusing on key sectors such as import and export of goods, including coal, seafood, coffee, grains, and petrochemical products. Currently, the group's projects in Viet Nam employ around 7,500 Vietnamese staff, with an annual revenue of approximately US$3 billion./.