Japan’s Marubeni Corporation plans to invest billions of dollars in projects in Vietnam, focusing on seven areas, including energy, processing, exports, and infrastructure development, according to its President and CEO Masumi Kakinoki.

He revealed the plan during a meeting with Prime Minister Pham Minh Chinh in Hanoi on November 13, the Government News has reported.

Since 1991, Marubeni has invested approximately JPY 90 billion ($592.97 million) in Vietnam, creating 7,500 jobs.

He stressed that Vietnam is an important market for the corporation in Asia.

Prime Minister Chinh welcomed its development plans in Vietnam, including the O Mon Power Plant II, the Quang Ninh LNG Power project, wind and solar power projects, as well as the construction of industrial parks, food processing plants for export, and smart cities.

The government leader noted that Vietnam is making efforts to improve its business climate, creating even better conditions for foreign investors to cooperate, invest, and succeed in the country while protecting their legitimate rights and interests.

Vietnam is focusing on innovation, digital transformation, green transition, renewable energy, and e-commerce development, he said, urging Marubeni to suggest policies and mechanisms to support Vietnam in human resources training, technology transfer, and management experience sharing.

The Prime Minister also expressed a hope that the corporation and other Japanese enterprises would continue expanding cooperation and investment in areas of development priority in Vietnam.