Hanoi: Prime Minister Pham Minh Chinh has asked Japan’s Marubeni Corporation to expand operations in Vietnam, particularly in energy, including gas-fired and offshore wind power. This is to support Vietnam’s economic growth, bolster its artificial intelligence and big data infrastructure, and facilitate electricity exports to other ASEAN nations, the PM told Masayuki Omoto, CEO of Marubeni Corporation, one of Japan’s leading investment and trading conglomerates with an 80-year track record in Vietnam, during their meeting in Hanoi on July 14.

According to Vietnam News Agency, the Prime Minister emphasized the importance of Marubeni’s continued investment in Vietnam as a means to enhance the country’s energy sector capabilities and its technological growth. The focus on renewable energy sources like offshore wind power is seen as a strategic move to ensure sustainable development and energy security in the region.

Marubeni Corporation has been a major player in Vietnam’s economic landscape, and its potential expansion in energy projects aligns with the country’s goals to increase renewable energy output and infrastructure. The collaboration is also expected to open avenues for electricity exports, strengthening Vietnam’s position within the ASEAN energy market.