On the afternoon of November 27, Prime Minister Pham Minh Chinh received Mr. Hori Kenichi, Chairman and CEO of Mitsui Corporation (Japan).
Prime Minister Pham Minh Chinh received Mr. Hori Kenichi, Chairman and CEO of Mitsui Corporation. Photo: VGP/Nhat Bac
Speaking at the reception, Prime Minister Pham Minh Chinh stated that the Vietnam - Japan Comprehensive Strategic Partnership is in a period of strong, comprehensive, increasingly profound and substantial development with high political trust. The Vietnamese Government always appreciates the role of Japanese enterprises in investment and business cooperation with Vietnamese enterprises, including Mitsui Group. The effective operations of Mitsui and other large Japanese enterprises in recent times have made positive contributions to Vietnam's economic development such as increasing technology transfer, increasing export revenue, creating jobs and paying taxes to the State budget.
Emphasizing that there is still a lot of room for economic cooperation between Vietnam and Japan, the Prime Minister thanked and welcomed Mitsui for its strategic and long-term investment in Vietnam, especially its determination to invest in the Block B gas-fired power project, which has been implemented very quickly in recent times; as well as Mitsui's plan to expand investment and business in Vietnam in the coming time.
In the coming time, the Prime Minister said that Vietnam is determined to have double-digit growth each year, so the demand for energy is very large; with a vision of a hundred-year cooperation, Mitsui and the Chairman should continue to pay attention to promoting cooperation contents between Mitsui and Vietnamese enterprises, further speed up the progress of the Block B gas project, put it into operation early; expand operations and markets, improve efficiency in the energy sector (including wind power, solar power, oil and gas exploitation, combustible ice, etc.), and develop power sources.
Along with that, promoting cooperation in the fields of fisheries and trade; establishing research and development centers on fisheries and energy; transferring technology, training human resources, cooperating with Ha Long University... achieving many new, more substantial and effective steps forward, each year more effective than the previous year, each decade better than the previous decade, contributing to the common interests of both sides.
The Prime Minister welcomed Mitsui’s plan to continue promoting the export of value-added products from Vietnam to international markets. This is an orientation in line with the goal of improving growth quality and increasing the processing and technology content in Vietnam’s export structure.
The Vietnamese Government pledges to protect the legitimate and legal rights and interests of investors, continuously improve the investment and business environment, perfect institutions and policies, reform administrative procedures, implement the national one-stop investment mechanism, build strategic infrastructure, train high-quality human resources, develop science and technology, create all favorable conditions for foreign enterprises, including Japanese enterprises, to invest and do business effectively in Vietnam in the spirit of harmonious benefits and shared risks;....
At the meeting, the Chairman and CEO of Mitsui Group said that Mitsui is committed to long-term cooperation and investment and hopes to continue contributing to the national development vision, including the energy sector of Vietnam.
Mr. Hori Kenichi reported on the new progress in the Block B gas project chain, highly appreciated the capacity of the Vietnam Oil and Gas Technical Services Corporation (PTSC - part of Petro Vietnam); said that he will work with Vietnamese partners to speed up the progress of the entire project chain. At the same time, he presented the group's plan to expand its investment business in the energy sector and projects related to carbon emission reduction; export Vietnamese products with added value, especially in the agriculture and aquaculture sectors, especially shrimp, wood pellets, food, and circular economy; promote technology consulting transfer, training, and development of human resources in science and technology.
Mitsui was founded in 1947 and is one of the leading Japanese corporations with global scale in the fields of mineral resource exploitation, energy, equipment, chemicals, food, textiles, finance, etc. The Group has invested in Vietnam since 1991 and is currently expanding its business and investment activities in many fields, including energy, infrastructure, chemicals, mineral resources and metals; steel, information and communication technology (ICT), food and retail, garment and textile, transportation. Some notable investment projects include the Lot B - O Mon power project chain with a total capital of 12 billion USD (through MOECO, a subsidiary of the Group), Minh Phu Seafood Corporation, Vina Koei Steel Company, etc.
Nguyen Hanh
Source: https://congthuong.vn/de-nghi-mitsui-thuc-day-hop-tac-nang-luong-day-nhanh-du-an-lo-b-432396.html
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