Tô Lâm Meets Japanese Companies to Advance Financial and AI Cooperation

Vietnam’s Party General Secretary and State President Tô Lâm met representatives of Mitsubishi UFJ Financial Group (MUFG), Sumitomo Corporation and SoftBank Group Corp in Tokyo on November 11 during his official visit to Japan. They discussed cooperation in finance, infrastructure and artificial intelligence.

Meeting MUFG Chairman Hironori Kamezawa, Tô Lâm expressed hope that the group would expand its operations in Vietnam, work with Vietnam to raise long-term funding for national strategic infrastructure, channel Japanese capital into high-tech industries and take part in developing Vietnam’s international financial center. Kamezawa said MUFG hoped to help raise capital and connect businesses. MUFG currently works with VietinBank.

Tô Lâm meets the chairman of Mitsubishi UFJ Financial Group.（VietVance）

Sumitomo Corporation President and CEO Shingo Ueno said the group is working with BRG Group on a smart city project in northern Hanoi and the FujiMart supermarket business. It is also involved in insurance-related business and has recently invested in Vietnamese technology companies. Tô Lâm proposed a long-term cooperation plan covering industrial parks and infrastructure, sustainable urban development, energy transition, and digital transformation and services that improve quality of life. He called for a clear list of projects, their scale and locations, and implementation schedules.

Tô Lâm meets the president and CEO of Sumitomo Corporation.（VietVance）

Meeting SoftBank Group representatives, Tô Lâm expressed hope that the two sides would study the development of AI data centers and supporting digital infrastructure in Vietnam, with electricity supply, connectivity and workforce training included in their plans. SoftBank representatives said they hoped to explore opportunities with Vietnamese partners in data centers and related digital infrastructure. Tô Lâm said Vietnam would continue improving its investment and business environment and protecting investors’ lawful rights and interests.

Source: VietVance