The expanded operation would support Vietnam’s economic growth, bolster its artificial intelligence and big data infrastructure, and facilitate electricity exports to other ASEAN nations, the PM told Masayuki Omoto, CEO of Marubeni Corporation, during their meeting in Hanoi on July 14.

Marubeni is one of Japan’s leading investment and trading groups, with an 80-year presence in Vietnam.

PM Chinh affirmed the government’s full support for foreign investors, particularly those from Japan, while emphasizing a principle of “harmonised interests and shared risks.”

He hailed Marubeni’s long-standing presence in Vietnam and its strategic choice to make the country a key operational base. The company, he noted, has contributed to Vietnam’s socio-economic development through technology transfers, job creation, export growth, and tax revenues.

The cabinet leader asked Marubeni to continue treating Vietnam as a strategic hub and to pursue bold, forward-looking ventures. He also shared recent efforts by the Vietnamese government to streamline administrative procedures and carry out innovative policies, expressing confidence that foreign investors like Marubeni would benefit from the improved business environment.

The meeting indicated the strengthening Vietnam–Japan relationship, which PM Chinh described as being at its best yet. He highlighted the complementarity between the two economies, noting Vietnam’s young, dynamic workforce and strategic location in the heart of Southeast Asia’s fast-growing markets, factors that offer major opportunities for Japanese firms.

Hailing Marubeni’s plans to expand its investment footprint in Vietnam, the Vietnamese Government chief said the country has established a clear and feasible legal framework for large-scale power projects, including liquefied natural gas (LNG) and offshore wind. He confirmed that legal obstacles related to the O Mon II gas-fired power project had been resolved.

Beyond energy, PM Chinh encouraged Marubeni to argument cooperation with the Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) to boost coal exports to Japan. He also proposed joint initiatives in agriculture, including crop and livestock breeding, branding, processing, and exporting key Vietnamese products such as coffee, rice, and quality foods.

He further suggested that Marubeni invest in industrial parks and manufacturing facilities for instant noodles, mochi cakes, and pharmaceuticals for both the domestic and export markets.

The PM also called on Marubeni to help integrate Vietnamese enterprises into its global supply chain and to support workforce training, technology transfer, and digital transformation.

In response, CEO Omoto hailed Vietnam’s strategic policy direction and the increasingly favourable business climate. He welcomed ongoing efforts to streamline the administrative system and restructure local government units, noting that these reforms would boost operational efficiency, reduce bureaucracy, and shorten licensing timelines.

Reaffirming Vietnam’s position as a market of strategic importance, he said Marubeni is committed to contributing further to the country’s development through high-quality investments, including a strong focus on human resource development.

Key projects include the O Mon II gas-fired power plant, the Quang Ninh LNG power project, wind and solar farms, the Amata City Halong Industrial Park, export processing facilities, and smart urban development projects in Hanoi and Ho Chi Minh City.

He confirmed that Marubeni will continue implementing high value-added projects across the sectors proposed by the Prime Minister.

Marubeni established its Vietnam office in 1991. Its projects currently employ around 7,500 Vietnamese workers and generate roughly US$3 billion in annual revenue. To date, the corporation has built 11 thermal power plants in Vietnam with a combined capacity of 4,000 MW.

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