Amid the ongoing Fourth Industrial Revolution, Vietnam is taking advantage of the ASEAN Smart Cities Network in order to formulate several policies on building smart cities and attracting deeper investment.
Hanoi has been working to enhance administrative reform and address difficulties in an effort to create an optimal investment climate for investors, Politburo member and Secretary of the Hanoi Party Committee Vuong Dinh Hue has said.
Japanese insurer Sumitomo Life has registered to buy more than 41.4 million shares of local insurer insurance-finance-banking group Bao Viet Holdings (BVH).
VOV.VN - Chairman of the Hanoi municipal People’s Committee Nguyen Duc Chung has affirmed Hanoi’s readiness to provide all possible support for foreign investors and those from at a working session in the capital city on December 10 with President and CEO of Japan’s Sumitomo Corporation Masayuki Hyodo.
Vietnam will produce its own satellite using radar-tracking technology, LOTUSat-1, following the signing ceremony for the package ‘LOTUSat-1 – Equipment and Capacity Development’ between the Vietnam Space Centre and the Japan-based Sumitomo Corporation on October 18.
Vietnamese developer BRG Group and Japan’s Sumitomo Corporation have officially announced their US$4.2 billion smart city project on the outskirts of Hanoi.
Investing in smart cities is not only a trend in the fourth industrial era but also a new drive and solution for developing urban areas sustainably.
Van Phong 1 coal-fired power plant developed by Van Phong Power Co., Ltd., a Vietnamese company invested by Sumitomo Corporation, is expected to start operation in 2023 with the generation capacity of 1,320MW.
VOV.VN -Japanese trading group Sumitomo Corporation have indicated that they plan to expand their industrial parks throughout Vietnam.
Foreign companies account for 80% of Vietnam`s logistics market, which is likely to be valued at US$87 billion by 2022.
Vietnam now has to ensure fair competition, national treatment for foreigners and nationals equally as well as no quantitative restrictions in foreign trade.
Japan's Sumitomo has invested $37 million in a major port operator to take advantage of Vietnam’s growing logistics demand.
VOV.VN - Prime Minister Nguyen Xuan Phuc had separate meetings with leaders of Japanese groups investing in Vietnam in Tokyo on July 1 as part of his ongoing trip to Japan.
VOV.VN - Nguyen Duc Chung, Chairman of the Hanoi People’s Committee, along with representatives from several Japan’s leading business groups, exchanged memoranda of understanding (MoUs) in Tokyo on July 1 under the witness of Prime Minister Nguyen Xuan Phuc.
The real estate market is expected to gain momentum in 2019 thanks to the heat from several billion-USD property projects that received investment certificates in previous years.
Japanese retailers such as Aeon, Takashimaya, 7-Eleven and FujiMart are expanding operations in Vietnam and changing local consumption habits.
The central province of Quang Tri has been making effort to draw investors into its coastal areas, tourism, and sea ports.
The BRG-Sumitomo joint venture and Hanoi intensify efforts to kick off the construction of Hanoi’s mega smart city project in this December.
The total fund for the first phase of Hanoi's smart city project is estimated at over US$1 billion.
Japan, the second biggest investor in Vietnam, is continuing to pour billions of USD into new projects in the Southeast Asian nation, an investment partnership expected to grow stronger after a State visit to Japan by President Tran Dai Quang.