Prime Minister suggests Japan's Yamato Holdings develop logistics centres in Vietnam
Prime Minister Pham Minh Chinh called on Japan's Yamato Holdings to invest in logistics centres in Vietnam, while receiving its Executive Officer and President Nagao Yutaka in Hanoi on February 17.
Prime Minister Pham Minh Chinh (R) and Executive Officer and President of Yamato Holdings Nagao Yutaka at their meeting in Hanoi on February 17. (Photo: VNA)
Hanoi (VNA) – ♒Prime Minister Pham Minh Chinh called on Yamato Holdings – which holds approximately 46% of Japan’s home delivery market – to invest in logistics centres in Vietnam, while receiving its Executive Officer and President Nagao Yutaka in Hanoi on February 17.
Commending the company’s ongoing projects in collaboration with Vietnam’s FPT Corporation, the PM expressed confidence that they will significantly contribute to Vietnam’s logistics sector and strengthen the two countries’ economic cooperation.
He urged Yamato Holdings to support investment attraction in Vietnam’s logistics industry, promote financial and green development funding from Japan, and collaborate with Vietnamese institutions to train high-quality human resources, particularly for the logistics sector. The PM also suggested establishing logistics centres in northern provinces such as Bac Ninh or Bac Giang.
Additionally, he called for closer cooperation between Yamato Holdings and Vietnamese enterprises, especially FPT, to apply cutting-edge technology, enhance competitiveness, and promote sustainable growth in Vietnam’s transportation sector. He encouraged the Japanese company to expand its investments in areas where it has expertise, such as finance, insurance, and information technology.
The Government leader also hoped that Yamato Holdings would facilitate technology transfer to Vietnamese partners, enabling the country’s deeper participation in regional and global supply chains.
In response, Nagao Yutaka highlighted Japan’s labour shortage in the transportation sector due to an aging population, particularly in trucking. He expressed the company’s interest in establishing a professional driver training centre in Vietnam and launching an AI research lab to develop technology applications for the transport industry. These initiatives aim to supply skilled labour and advanced technology for both Vietnam’s and Japan’s logistics sectors.
Recognising Vietnam’s growth potential, the business leader affirmed the company’s commitment to workforce training, digital transformation, and the application of AI and data science to Vietnam’s logistics and transport industries. He also revealed plans to collaborate with Vietnamese partners to expand investment in semiconductor supply chain development and other key industries recommended by the PM./.
According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.
Ho Chi Minh City pledges to develop an equal and transparent business climate for foreign firms, including those from Japan, to aid in business development plans in the southern economic hub, Vice Chairman of the municipal People’s Committee Vo Van Hoan said on December 9.
Link Station, one of the IT companies in Japan’s Aomori prefecture, has an ambitious plan to develop its branch in Vietnam into one of its central offices in Southeast Asia.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
