Prime Minister Pham Minh Chinh called on Japanese businesses to continue placing their trust in Vietnam while chairing a dialogue with Japanese enterprises in Hanoi on March 21.
Prime Minister Pham Minh Chinh meets with Japanese businesses. Photo: VNA
PM Chinh emphasised that the dialogue reflected the Vietnamese Government’s high regard for cooperation with Japan and for the success of Japanese enterprises in Vietnam, which contribute to prosperity in both countries.
He reaffirmed that the Vietnam–Japan Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World has continued to develop strongly, with economic, trade, and investment cooperation remaining a key pillar. Japan remained one of Vietnam’s leading economic partners, ranking first in cooperation in official development assistance (ODA) and labour, third in investment, and fourth in trade and tourism.
Japanese businesses at the meeting. Photo: VNA
Japanese businesses at the meeting. Photo: VNA
On behalf of the Government, PM Chinh showed his high appreciation and sincere gratitude for the practical and effective contributions made by Japanese enterprises to Vietnam’s development and the friendship between the two countries.
He expressed his hope that Japanese enterprises, with their experiences, resources and strong reputation, will support Vietnam in accessing shifting investment flows and sustainable green finance, including initiatives such as the Asia Zero Emission Community (AZEC), as well as funding for science, technology and innovation, and ODA for key infrastructure projects such as the construction of Hanoi’s Metro Line No. 2.
Prime Minister Pham Minh Chinh meets with Japanese businesses. Photo: VNA
Vietnam prioritises attracting investment projects that emphasise quality, efficiency, advanced technology and environmental protection, particularly in sectors such as the green, digital, circular and knowledge-based economy; science and technology, innovation, electronic components and electric vehicles; semiconductor manufacturing, new energy such as hydrogen, and renewable energy.
The PM called on both sides to further strengthen cooperation in order to consolidate supply chains, develop supporting industries, and build a highly skilled workforce, thereby ensuring stable production activities for mutual benefit in a diversified, transparent and sustainable manner.
He urged the Japanese Government and business community to continue paying attention to and accelerating the implementation of key cooperation projects, particularly in high technology, and address longstanding bottlenecks, including the restructuring of the Nghi Son Refinery and the diversification of crude oil supply sources in the current context.
Japanese investors were also encouraged to further support and create favourable conditions for Vietnamese enterprises to integrate more deeply and substantively into global supply chains.
The Vietnamese Government, he said, remains committed to ensuring political stability, social order and safety; safeguarding investors’ legitimate rights and interests; maintaining a transparent and favourable policy environment; and promoting a spirit of shared vision, shared action, and shared benefits.
Stressing the importance of the “harmonising interests, sharing risks” spirit, PM Chinh encouraged Japanese firms to continue contributing to the shared prosperity of both nations as well as to the Vietnam–Japan Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World.
At the dialogue, Japanese Ambassador to Vietnam Ito Naoki and Japanese enterprises highly appreciated the outcomes of two similar dialogues held in 2025, noting that they had helped address bottlenecks in a timely manner.
Prime Minister Pham Minh Chinh speaks at the meeting with Japanese businesses. Photo: VNA
The diplomat affirmed that the Japanese Government supports Vietnam’s reform efforts, while businesses hold strong expectations for further progress and are keen to expand cooperation, contributing to shaping the country’s new growth model.
Wakabayashi Koichi, President of the Japan Business Association in Vietnam, highlighted growing interest among Japanese firms in the Vietnamese market, pointing to the country’s robust economic growth and improved administrative efficiency. Despite increasing global uncertainties, including tensions in the Middle East and energy price volatility, he assessed that Vietnam’s stable investment environment and reform momentum will stand out as competitive advantages.
Japanese enterprises increasingly view Vietnam not only as a manufacturing base but also as a partner in higher value-added sectors, he added./.