Prime Minister Pham Minh Chinh holds a dialogue with Japanese businesses

Also attending were Deputy Prime Ministers Ho Duc Phoc and Nguyen Chi Dung; leaders of central ministries and branches; Japanese Ambassador to Vietnam Ito Naoki, agencies, organizations, business associations, leading Japanese corporations and enterprises.

Prime Minister Pham Minh Chinh with large Japanese corporations and enterprises.

The Ministry of Finance said that the Vietnam-Japan relationship is a typical example of the success of Vietnam's bilateral cooperation with its partners. Japan maintains its position as Vietnam's leading important partner as the largest ODA provider, the second largest partner in labor cooperation, the third largest partner in investment and tourism, and the fourth largest partner in trade.

More than 50 years since the establishment of diplomatic relations (September 23, 1973), the "Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World" between Vietnam and Japan has continuously developed strongly, extensively and effectively in all fields.

As of July 31, 2025, Japan has 5,608 valid projects with a total registered investment capital of 79.4 billion USD. Japan currently ranks 3rd after South Korea (94.9 billion USD) and Singapore (87.3 billion USD) among 151 countries and territories investing in Vietnam.

In the first 7 months of 2025, Japan's total registered capital reached 2.3 billion USD, up 7.4% over the same period with 158 newly registered projects, ranking 4th out of 97 countries and territories investing in Vietnam (after Singapore with 305 projects, total investment capital of 5.5 billion USD; South Korea with 241 projects, total investment capital of 3.9 billion USD; China with 695 projects, total investment capital of 2.8 billion USD)

Some typical Japanese projects in Vietnam: The largest project is the Nghi Son Refinery and Petrochemical Project in Thanh Hoa with a total registered capital of 9 billion USD (of which Japanese capital accounts for 39.8%, Kuwait 35.1%, Vietnam 25.1%); Smart city project in Dong Anh district (Sumitomo-BRG), Hanoi with a total registered capital of 4.1 billion USD; Nghi Son 2 BOT Thermal Power Plant Project (Thanh Hoa province), with a total registered capital of 2.8 billion USD.

On the other hand, Vietnamese investors have invested in 126 projects in Japan with a total registered investment capital of 20.5 million USD. The projects are concentrated in the fields of science and technology, wholesale and retail. Some typical Vietnamese enterprises such as FPT, Rikkei, VMO... have deployed and expanded investment cooperation activities in Japan, thereby contributing to the common socio-economic development of both countries.

View of the seminar.

The Ministry of Finance recommends a number of solutions to enhance investment cooperation between the two countries:

Firstly, promote comprehensive cooperation in potential areas such as industrialization, high-quality human resource training, innovation, and digital transformation to support the enhancement of the competitiveness of Vietnamese enterprises, promote creative startups, thereby promoting effective cooperation and helping Vietnamese enterprises participate deeply in the global value chain.

Second, promote cooperation in developing supply chains and trade and maintain the role as an important link in the global value chain; encourage strong and substantive cooperation between businesses of the two countries to jointly promote the development of Vietnam's production and innovation ecosystem on the principle of mutual benefit.

Third, we propose that Japan continue to pay attention to increasing ODA support to help Vietnam implement important and synchronous infrastructure construction investment projects, which will act as a driving force for economic development in the new era.

Fourth, Japanese enterprises are requested to accelerate research progress and expand investment projects in Vietnam. At the same time, they should strengthen cooperation in human resource training, research and technology transfer.

Fifth, strengthen cooperation in the financial sector, especially attracting green finance, supporting the construction and development of two regional and international financial centers in Ho Chi Minh City and Da Nang. At the same time, support policy consultation to build and perfect the legal framework to promote new economic models, as well as continue to improve the business investment environment....

Speaking at the seminar, Japanese Ambassador to Vietnam Ito Naoki expressed his sincere thanks to the Vietnamese Government and Prime Minister for always paying attention to and supporting Japanese corporations and enterprises to invest and do business in Vietnam; stating that the recent visit of Japanese Prime Minister Shigeru Ishiba to Vietnam was very successful.

During the meeting with Prime Minister Pham Minh Chinh, the two sides confirmed that the fields that Vietnam attaches great importance to and has a need for cooperation, such as semiconductors, digital transformation, green transformation, natural disaster prevention and control, etc., are the pillars of bilateral cooperation in the future. Prime Minister Shigeru Ishiba welcomed Vietnam's reform orientation; the two Prime Ministers agreed to emphasize that both sides need to improve the investment and business environment on the basis of promoting the strengths of Japanese enterprises.

The Ambassador stated that Japanese enterprises closely follow the reforms of the Vietnamese Government, especially administrative procedure reforms; and expect opportunities to enhance cooperation with Vietnamese enterprises.

This seminar demonstrates Japan's desire to accompany Vietnam in achieving high economic growth, becoming a partner to support Vietnam in this process; hoping that the two sides will have constructive discussions, aiming at more sustainable development for Vietnam.

In the previous discussion with Japanese businesses, Prime Minister Pham Minh Chinh gave strong instructions and set a deadline to resolve the problems between the two sides, and thanks to that, there were good developments.

On that basis, at this seminar, the two sides need to make efforts to discuss and completely resolve the difficulties, review the progress of the work implemented in the past 5 months, and provide solutions in the coming time, especially sharing investment directions for the future and reform directions, thereby contributing to Vietnam's reform process.

The Ambassador also said that Japan will propose a number of new Japanese investment projects in Vietnam, as well as new loan packages within the framework of the Asian Zero Emission Community (AZEC); emphasizing that this seminar is also an opportunity to strengthen cooperation between private enterprises of the two countries.

At the seminar, Japanese corporations and enterprises also raised difficulties and obstacles in projects they are investing and doing business in Vietnam; and made recommendations to the Government, Prime Minister, ministries, branches and localities of Vietnam to resolve them, thereby creating favorable conditions to further promote Japanese investment in Vietnam.

According to Nhan Dan

Source: https://baobacninhtv.vn/thu-tuong-pham-minh-chinh-toa-dam-voi-cac-doanh-nghiep-nhat-ban-postid423951.bbg