70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
US$3.7 billion deals announced in Suga’s Vietnam visit
Minh Anh 14:27, 2020/10/19
The deals cover fields ranging from digital economy, environment to energy and infrastructure.

Japanese and Vietnamese companies and agencies have announced 12 agreements and memorandums of understanding worth a combined US$3.7 billion on October 19 during Japanese Prime Minister Suga Yoshihide’s Hanoi visit. 

 Japanese Prime Minister Suga Yoshihide and Vietnamese PM Nguyen Xuan Phuc witness the deals. Photo: Minh Tuan

The cooperation covers fields ranging from digital economy, environment to energy and infrastructure. 

Among them, the biggest one is a US$1.9 billion 1,500MW gas-fired power station in Quang Ninh province with the participation of Tokyo Gas Co. and Marubeni Corp.

In addition, Marubeni will invest in the US$1.3-billion O Mon 2 power plant in the Mekong Delta city of Can Tho. 

Meanwhile, AeonMall Vietnam will develop a US250-million mall in Ho Chi Minh City.

“We, Japanese government and enterprises, continue to support Vietnam’s economic development with a flagship infrastructure project being the urban railway in Ho Chi Minh City,” said Mr. Suga at a ceremony also attend by Vietnamese PM Nguyen Xuan Phuc. 

Japan is one of Vietnam’s most important economic partners, the largest official development assistance donor, second biggest investor, third largest tourist source and fourth largest trade partner.

RELATED NEWS
TAG: Japanese Prime Minister Suga Yoshihide Vietnam Nguyen Xuan Phuc
Other news
12:12, 2024/04/12
Vietnam, Thailand advance realization of “Three Connections” strategy
Businesses from both countries are encouraged to expand their trade and investment activities, to increase bilateral trade to US$25 billion in a more balanced and sustainable way.
06:29, 2024/04/12
Vietnamese Gov’t to expand list of electricity buyers under direct power agreement scheme
The direct power purchase (DDPA) mechanism has been repeatedly proposed by foreign-invested enterprises to be piloted in Vietnam, as they believe it will have a positive impact on competition in Vietnam's energy sector.
06:09, 2024/04/12
Viettel opens largest data center in Vietnam to support AI development
By 2025, Viettel will invest in expanding the scale to 17,000 racks.
17:16, 2024/04/11
Vietnam’s economy expected to grow at solid pace in 2024-2025: ADB
Given global uncertainties, policies in 2024 would therefore need to combine short-term growth support measures with long-term structural remedies to promote sustainable growth
18:10, 2024/04/10
Apartment prices in Hanoi are closing in on those in Ho Chi Minh City
The price of apartments in Hanoi has been on an upward trajectory, setting new price benchmarks.
23:11, 2024/04/09
Coffee exports reach record $5 billion
Vietnam needs a plan to build a brand for Vietnamese robusta coffee in foreign markets.