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Marubeni plans to expand investment in Vietnam’s energy sector

By Truc Dao

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HCMC – Marubeni Corporation, a Japanese conglomerate, has unveiled plans to invest billions of U.S. dollars in Vietnam, with a primary focus on energy and infrastructure.

During a meeting with Prime Minister Pham Minh Chinh in Hanoi on November 13, Kakinoki Masumi, President and CEO  of Marubeni Corporation mentioned his company’s investment expansion plan in Vietnam in the future. The corporation will explore business opportunities in sectors such as energy, processing, export, and infrastructure development, the representative said.

The Vietnamese Government’s leader committed to further improving the investment environment, creating the most favorable conditions for foreign investors, and protecting their legitimate rights. PM Chinh also pledged to facilitate foreign investment by addressing infrastructure and energy requirements and being open to removing obstacles for businesses.

Given Vietnam’s emphasis on innovation, digital transformation, green transition, renewable energy development, and e-commerce growth, the PM requested that the corporation support Vietnam in manpower training, technology transfer, and management experiences in these sectors.

Japan is currently Vietnam’s largest official development assistance (ODA) donor and one of the major foreign investors in the country.

Marubeni Corporation has invested around 90 billion yen in various projects in Vietnam, specializing in import-export, thermal power plant construction, industrial factories, food processing, and garment and textile factories. The corporation has provided employment for 7,500 individuals thus far.

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