MPI signs MoU with Japan's Mie prefecture to strengthen investment ties
The recent signing of a Memorandum of Understanding (MoU) between Vietnam's Ministry of Planning and Investment (MPI) and Japan's Mie prefecture has taken economic and investment cooperation between the two countries, and particularly with Mie, to a new level.
Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc (right) and Ichimi Katsuyuki, Governor of Mie prefecture, sign the MoU. (Photo: Vietnam Investment Review)
Hanoi (VNA) –ꦇ The recent signing of a Memorandum of Understanding (MoU) between Vietnam's Ministry of Planning and Investment (MPI) and Japan's Mie prefecture has taken economic and investment cooperation between the two countries, and particularly with Mie, to a new level.
Speaking at the signing ceremony, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc spoke highly of the growing relationship between Vietnam and Japan, which has been upgraded to a comprehensive strategic partnership. Japan is currently the third-largest investor among 147 countries and territories investing in Vietnam.
Ngoc noted that the MPI has signed MoUs with 13 Japanese localities and praised Mie prefecture for its strong potential and advantages in supporting industries. Mie ranks first in Japan in manufacturing components, electronic equipment, electronic circuits, and houses numerous large companies in the semiconductor industry, which are also key sectors in Vietnam’s recent development strategy.
Vietnam is accelerating the development of science, technology, innovation, and digital transformation. The Vietnamese government has issued a decree regulating the establishment, management, and use of the Investment Support Fund with new contents and approaches.
The MPI will continue to accompany and support Japanese businesses, including those from Mie, in their investment and business activities in Vietnam, contributing to the socio-economic development, and further strengthening the relationship between the two nations for shared prosperity, Ngoc affirmed.
Ichimi Katsuyuki, Governor of Mie prefecture, emphasised that Mie is renowned for its processing, manufacturing, and semiconductor industries, particularly in electronics, where it has led Japan for 19 consecutive years. Mie is one of five prefectures in Japan designated for semiconductor industry development./.
Japanese Prime Minister Shigeru Ishiba on January 10 met with his Malaysian counterpart Anwar Ibrahim during his visit to the Southeast Asian country, pledging to enhance cooperation in addressing urgent regional and international challenges, including tensions in the East Sea, the Middle East, and the ongoing crisis in Myanmar.
Minister of Industry and Trade Nguyen Hong Dien, and Japan's Minister of Economy, Trade, and Industry (METI) Muto Yoji co-chaired the 7th meeting of the Vietnam-Japan Joint Committee on Industry, Trade and Energy Cooperation in Tokyo on December 20.
A mid-term review meeting has taken place recently in Hanoi to look into the first phase of the Vietnam - Japan Joint Initiative in the new era, according to the Ministry of Planning and Investment (MPI).
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
