During a meeting on July 2 with Mr. Maeda Tadashi, Chairman of the Japan Bank for International Cooperation (JBIC), who is in Vietnam for a working visit, Prime Minister Le Minh Hung urged the JBIC to continue playing its role as a financial bridge, supporting strategic infrastructure, high-tech, green transition projects, and new supply chain linkages.
The Prime Minister also called for JBIC’s support in enhancing Vietnam’s economic autonomy and resilience by promoting Japanese investment in strategic sectors such as semiconductors, artificial intelligence, batteries, new materials, critical minerals, and high-tech industries.
In addition, JBIC was asked to explore expanding financial support mechanisms, investment guarantees, and co-financing for new investment projects, as well as public–private partnerships, mergers, and acquisitions by Japanese enterprises in Vietnam. These efforts aim to foster technology transfer, improve management capacity, and strengthen supply chain linkages between the two countries.
Welcoming the progress of 5 out of 15 projects already implemented or about to be launched under the Asian Zero Emission Community (AZEC) initiative of Japan, the Prime Minister urged JBIC to adopt more flexible lending procedures for the remaining projects to accelerate their implementation. He also requested JBIC to study and propose recommendations on areas where Vietnamese enterprises could benefit under Japan's Power Asia initiative.
Fully agreeing with the Prime Minister’s views, Mr. Tadashi affirmed JBIC’s desire to continue promoting specific cooperative projects with Vietnam, aligned with the country’s long-term strategic orientation, including foreign-invested economic development, digitalization, green transformation, artificial intelligence, and semiconductors.
According to the JBIC Chairman, in this new stage of development, Vietnam needs to further leverage the private sector and public–private partnership mechanisms to drive strong growth. This is an area where JBIC has extensive experience and wishes to accompany Vietnamese partners in implementation.
JBIC also expressed its intention to strengthen cooperation with Vietnam in 15 projects under the AZEC framework with a total capital of about $20 billion; in power and oil and gas projects; in enhancing energy resilience under the Power Asia initiative; and in promoting collaboration in semiconductor development, artificial intelligence, data centers, startups, and the Vietnam International Financial Center.
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