Top legislator suggests Japan’s Tokyu Group expand investment in Vietnam

Commending Vietnam’s rapid economic growth in recent years, he noted Tokyu's desire to continue its cooperation and share expertise in urban development to transform Binh Duong into a green, smart city, and to scale up its urban infrastructure investments across Vietnam.

Chairman of the Vietnamese National Assembly Tran Thanh Man (R) receives Chairman of Japan’s Tokyu Group Hirofumi Nomoto in Tokyo on December 5. (Photo: VNA)

For his part, Man lauded Tokyu and its joint venture, Tokyu-Becamex, for their effective real estate projects in Binh Duong, significantly contributing to creating a new ecosystem for living and working, attracting investment, and accelerating the smart city project in the locality.

The top legislator expressed his impression of the group’s subway projects in Tokyo and suggested it support Binh Duong in speeding up the implementation of transport infrastructure projects, including urban railway, while expanding its investments to other Vietnamese localities, helping to build more green, modern urban models nationwide.

Highlighting the robust and comprehensive development of the Vietnam-Japan Comprehensive Strategic Partnership, he said as of October 31, 2024, Japan had run 5,456 valid projects in Vietnam, with total registered capital of 77.4 billion USD.

The NA Chairman also stressed that at its recent 8th session, the Vietnamese legislature approved 18 laws, including the amended Law on Public Investment, which would facilitate the operations of both domestic and foreign investors, remove obstacles, and create breakthroughs in infrastructure development, thus fostering sustainable socio-economic development.

Hirofumi appreciated the NA Chairman’s suggestions and shared Tokyu’s mission that goes beyond profit-making by building sustainable ecosystems in smart cities and building safe and civilised living environments.

Tokyu, one of Japan's oldest and largest conglomerates, operates in various sectors, including railway, transport, retail, culture, and education, with a particular focus on urban development.

In Vietnam, Tokyu-Becamex Co., Ltd., established in March 2012, has been operating in real estate investment, sale, and leasing.