Tô Lâm Invites Japanese Firms to Invest in Green Energy and Other Sectors

On the morning of November 9, during an official visit to Japan, Vietnam’s General Secretary and President Tô Lâm met representatives of major Japanese companies in Tokyo. He invited Japanese firms to consider investing in smart infrastructure, green energy projects, green logistics and green industry, and to work with Vietnam on new technologies to reduce emissions and safeguard energy security.

Tô Lâm also said he hoped Japanese firms would help develop a modern banking and financial ecosystem and capital markets that meet international standards, while exploring opportunities in high-tech healthcare, pharmaceuticals and biotechnology. He said such technology cooperation should take account of reasonable costs and the competitiveness of Vietnam’s economy.

At the meeting, representatives of the Japan Business Federation (Keidanren) said they hoped Vietnam would play a role in the regional economy and in securing supply chains, uphold free trade, improve its investment environment and strengthen bilateral cooperation mechanisms. Tô Lâm said the two sides should deepen their ties across value chains and supply chains, moving from traditional technology receipt and transfer toward joint creation.

Tô Lâm said Vietnam would maintain political and social stability, continue reviewing and streamlining administrative procedures, address obstacles to investment, build a transparent and consistent legal environment, and protect investors’ lawful rights and interests. He also said Vietnam would provide businesses with stable electricity and water supplies, telecommunications infrastructure, available land and human resources.

Source: VietVance