Vietnam rolls out carpet for Japanese investment: President
Foreign investments, including those made by Japanese firms, are an important driving force for Vietnam’s socio-economic development and improvement of the national competitive capacity, said President Tran Dai Quang.
President Tran Dai Quang in a dialogue with Japanese large corporations in Tokyo on May 30 (Photo: VNA)
Tokyo (VNA) – Foreign investments, including those made by Japanese firms,are an important driving force for Vietnam’s socio-economic development andimprovement of the national competitive capacity, said President Tran DaiQuang.
In a dialogue with leaders of Japanese large corporations in Tokyo on May 30,President Quang noted that Vietnam always welcomes Japanese investment in thefields of Vietnam’s interest and Japan’s strengths like infrastructureconstruction, support industry, high-tech agriculture, energy, environment,finance, banking, and the equitisation process of state-owned firms.
The Vietnamese state commits to creating favourable conditions for Japanese groupsto invest and operate effective, stable and long-term business in Vietnam, heunderlined.
The President informed the Japanese businesses that Vietnam is striving tomaintain an annual GDP growth of 6.5-7 percent during 2016-2020 along with macro-economicstability while working to promote sustainable development coupled withenvironmental protection.
The moves will help Vietnam maintain its position as a dynamic nation andattractive destination for investment in the ASEAN bloc.
He stressed that the Vietnam-Japan Joint Initiative is an important channel tohelp Vietnam complete its policies and regulations, improve investment climateand attract high-quality foreign investments to Vietnam, particularly thosefrom Japan.
Chairman of the Japan Business Federation (Keidanren) Sadayuki Sakakibara andChairman of the Mitsubishi Chemical Holdings Corporation Yoshimitsu Kobayashi expressedtheir delights to welcome President Quang on his first state visit to Japan.
Speaking highly of Vietnam’s significant roles in the development of Japanesefirms, they believed that the fruitful political relations will bolsterbilateral trade and investment.
Japanese corporations lauded Vietnam’s participation in various economic dealslike Regional Comprehensive Economic Partnership (RCEP) and the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP).-VNA
A MoU on establishing an agency for promoting investment and supporting Japanese enterprises in investing in Vinh Phuc province (Japan Desk Vinh Phuc) was signed in the locality on March 26.
The Mekong Delta city of Can Tho is seeking Japanese investments in nine projects, focusing on high-tech agriculture and industry, centralized IT, logistics and construction, said Chairman of the municipal People’s Committee Vo Thanh Thong.
Ho Chi Minh City calls on Japanese businesses to step up investments in industry, agriculture and tourism in the southern metropolis, said Vice Chairman of the municipal People’s Committee Huynh Cach Mang.
The upcoming State visit to Japan by President Tran Dai Quang and his spouse from May 29 to June 2 is expected to bolster the already sound partnership between the two countries.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
President Tran Dai Quang in a dialogue with Japanese large corporations in Tokyo on May 30 (Photo: VNA) 
