Vietnam’s Minister of Industry and Trade, Nguyễn Hồng Diên, has called on Japanese businesses to enhance investments in Vietnam, particularly in high-tech sectors. The remarks were made during the Vietnam–Japan Business Forum 2024 in Tokyo, held as part of his official visit to Japan. The event was jointly organised by Vietnam’s Ministry of Industry and Trade, the Vietnamese Embassy in Japan, and the ASEAN–Japan Centre.
Minister Diên highlighted the strong diplomatic ties between Vietnam and Japan, established over 50 years ago. The relationship evolved into a Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World in 2023, marking a new era of cooperation. Japan is Vietnam’s fourth-largest trading partner, with bilateral trade expected to exceed $46 billion this year, accounting for 6% of Vietnam’s total trade turnover.
Praising Japan as a global leader in innovation, clean energy, and advanced technologies, Minister Diên pointed to Vietnam’s dynamic economy, valued at approximately $500 billion, ranking third in ASEAN and 32nd globally. With a total import-export turnover nearing $800 billion, Vietnam is among the top 20 economies in global trade.
The minister emphasised Vietnam’s focus on building a sustainable industrial sector, advancing renewable energy, and reviving its nuclear power development program to achieve energy security and net-zero emissions.
Diên urged Japanese investors to explore opportunities in Vietnam’s high-tech sectors, including semiconductors, manufacturing, electronics, chemicals, and renewable energy. He assured that the Vietnamese Government would provide legal support and favourable policies to facilitate these investments.
“The success of Japanese businesses in Vietnam is the success of Vietnam itself,” he stated, reaffirming the government’s commitment to creating a supportive environment for Japanese enterprises.
He also called on Japanese authorities to help Vietnamese businesses expand their operations in Japan, further strengthening the bilateral partnership.
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