Investment

General Secretary and President To Lam of Vietnam has proposed that Vietnam and Japan shift from a relationship of capital supply and reception to one of jointly developing financial markets, designing modern capital mobilization solutions, and investing in strategic infrastructure projects.

A constantly-changing global landscape has led to the development model for Vietnam’s energy sector becoming outdated and in need of renewal.

Data center capital inflows of nearly $1 billion into Saigon Hi-Tech Park are expanding digital infrastructure while forcing strict energy efficiency and green transition commitments.

Total funding reaching nearly VND500 billion ($19 million).

During a meeting with Kanagawa Governor on November 10, General Secretary and President To Lam of Vietnam stressed that local-level cooperation is an important channel for translating high-level agreements into concrete outcomes and providing a sustainable foundation for the bilateral relations.

Vietnam’s new era of development and ambitious growth targets require that the oil and gas industry evolve from its role as a traditional growth pillar.