Japan's Marubeni plans to inject billions of dollars into Vietnam

The information was shared during a working session between Prime Minister Pham Minh Chinh and president and CEO of Marubeni Corporation Masumi Kakinoki in Hanoi on November 13.

Kakinoki said, "Marubeni Corporation has been present in Vietnam since 1991. So far, the corporation has invested $593 million here, creating jobs for 7,500 people. The corporation is engaged in import-export activities, the development of thermal power and industrial plants, food processing, and textile factories."

He added, "Vietnam is one of our most important markets in Asia. Marubeni Corporation plans to invest billions of dollars with a focus on energy, processing, exports, and infrastructure development. We hope the government will direct its ministries and local authorities to facilitate the implementation of these projects."

PM Chinh welcomed the upcoming development plan, including the O Mon II Thermal Power Plant, the Quang Ninh Liquefied Natural Gas Power project, wind farms, solar power, industrial parks, food processing factories, timber products, raw materials for export, and smart city projects.

The PM requested Marubeni Corporation to bolster trade promotion and its networking activities while promoting the export of industrial, agricultural, and seafood products. He asked the corporation to support the linkage of supply chains between Vietnam and Japan, further increasing the nation's participation in global value chains.

In addition, the PM also suggested that the corporation should coordinate closely with Vietnamese partners to promote cooperation on alternative energy sources such as wind power, solar, and biomass to facilitate Vietnam's transition to green, clean, and sustainable energy.

Marubeni to foster investment in green energy projects Marubeni Corporation will foster its investment in renewable energy, biomass, and hydrogen project to support Vietnam in achieving decarbonisation.

Japan’s Marubeni takes a stake in AIG Marubeni Corporation has scooped up a stake in AIG Asia Ingredients Corporation (AIG), a major supplier and manufacturer of food ingredients and packaged food products in Vietnam.

Japan’s Marubeni becomes strategic partner of AIG Marubeni Growth Capital Asia Pte (MGCA), a subsidiary of the Marubeni group, acquired a significant minority stake in Vietnam-based Asia Ingredients Group (AIG) on November 6.