Japanese enterprises expected to strengthen investment in Vietnam

Vietnamese Prime Minister Nguyen Xuan Phuc yesterday had a meeting with Mr. Kanetsugu Mike, Executive President of Mitsubishi UFJ Financial Group (MUFG) Bank. 

Vietnamese Prime Minister Nguyen Xuan Phuc (R) and Kanetsugu Mike, Executive President of Mitsubishi UFJ Financial Group (MUFG) Bank

Vietnamese Prime Minister Nguyen Xuan Phuc (R) and Kanetsugu Mike, Executive President of Mitsubishi UFJ Financial Group (MUFG) Bank

On the occasion, the leader of Japan’s core commercial bank hoped that Vietnam would create more and more favorable investment conditions for international banks and financial institutes.

As a strategic shareholder of Vietnam Joint Stock Commercial Bank for Industry and Trade - VietinBank, MUFG is willing to support VietinBank to increase its charter capital.

Prime Minister Nguyen Xuan Phuc affirmed that the Vietnamese Government respectfully appreciated the cooperation ties between MUFG and VietinBank.

The Government issued a development strategy for the banking industry in Vietnam heading to the ASEAN’s fourth largest economic countries.

Additionally, the Vietnamese Government pledged to present the best investment conditions for foreign enterprises including MUFG. 

The Prime Minister hoped that Japanese enterprises would strengthen their investment via large scale projects and lead countries and territories investing in Vietnam.


BY PHAN THAO- Translated by Huyen Huong

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