Vietnam’s Finance Ministry Discusses Financing Cooperation with JBIC
Vietnamese Finance Minister Ngô Văn Tuấn met JBIC leaders in Tokyo on November 10 to discuss financing for infrastructure and green energy projects and ways to attract more Japanese investment. The ministry also met investors in Japan to assess conditions for issuing yen-denominated Vietnamese government bonds.
On November 10, Vietnamese Finance Minister Ngô Văn Tuấn met Maeda Tadashi, chairman of the Japan Bank for International Cooperation (JBIC), in Tokyo. Ngô Văn Tuấn asked the bank to work with relevant Vietnamese agencies and Japanese partners on flexible financing mechanisms suited to legal requirements and practical conditions to advance infrastructure and energy projects in Vietnam.
Vietnamese Finance Minister Ngô Văn Tuấn and JBIC Chairman Maeda Tadashi exchange views during their meeting.（VietVance）
Ngô Văn Tuấn said Vietnam needs substantial long-term funding to build infrastructure between 2026 and 2030. He expressed hope that JBIC would share its experience in raising funds on international capital markets and help develop a modern, transparent financial market. The two sides also discussed cooperation on energy transition and climate change.
Vietnam’s Finance Ministry hopes JBIC will provide information and support to help attract Japanese investment, with a focus on green energy, smart infrastructure, semiconductors and high-tech electronics projects, and promote mergers and acquisitions between businesses in the two countries. Maeda Tadashi said JBIC was willing to continue providing flexible financing solutions and encourage Japanese companies to expand their investment and operations in Vietnam.
From November 5 to 10, Vietnam’s Finance Ministry also held a non-deal roadshow for investors in Japan to explore the possibility of issuing yen-denominated Vietnamese government bonds, known as Samurai bonds, in the Japanese market. Japanese investors were interested in the issue size, maturity, timing and yield, and viewed a JBIC guarantee and Vietnam’s sovereign credit rating as important considerations. Most investors interviewed were interested in maturities of three to five years, while some institutions said they could consider longer maturities if suitable guarantee arrangements were available.
The Vietnamese delegation also met rating agency Rating and Investment Information, Inc. (R&I) on November 10. On October 8, the agency raised Vietnam’s foreign-currency issuer credit rating from BB+ to BBB- with a stable outlook, marking the first time Vietnam had received an investment-grade rating from R&I. The two sides agreed to continue strengthening information exchanges.
Source: VietVance
