Workshop seeks ways to attract Japan’s green investment to Vietnam

The event was jointly organised by the ASEAN Japan Centre (AJC), the Japan External Trade Organisation (JETRO), Vietnam’s Viglacera Group, and Mizuho Bank with the aim of further attracting Japanese green investment to Vietnam.

Speaking at the opening ceremony, Minister Nguyen Duc Minh at the Vietnamese Embassy in Japan said that green investment is of strategic significance not only for Vietnam but also for the whole region, in the context of the global trends towards sustainable development and greenhouse gas emission reduction.

The workshop aims to introduce to Japanese businesses investment trends in Vietnam and its pioneering industrial parks with carbon neutral initiatives. (Photo: VNA)

He emphasised Vietnam’s policy on attracting selective foreign investment, targeting high-quality investment with high efficiency, technology and environmental protection.

One of the important strategies for Vietnam to achieve sustainable development goals is to closely connect the industries that Vietnam prioritises calling for investment and the development of green industrial parks. This combination not only attracts more foreign investment but also helps Vietnam build a sustainable industrial production ecosystem, meeting the requirements of economic efficiency for businesses and protecting the environment.

He also mentioned the key role of banks in providing financial support and connecting businesses to promote foreign direct investment (FDI) flows into Vietnam.

Hiroshi Imano, Executive Vice President of THK Corporation - one of Japan's leading mechanical components companies, said that his corporation is expanding its investment into Vietnam.

Imano said that in order to supply its products to customers around the world, THK has stepped up its production system in four regions, namely Japan, America, Europe and Asia. In that trend, THK has decided to expand to Tien Son Industrial Park in the northern province of Bac Ninh and is planning to expand further in Vietnam.

One of the reasons for THK to invest in Vietnam is about environmental protection because THK products are very environmentally friendly, requiring very little energy. In addition, in Vietnam, the manufacturing industry is growing strongly, so the demand for THK products will continue to increase, Imano said.

Noriyuki Urabe, Executive Director, Head of Global Strategy Advisory at Mizuho Bank, said that the bank is supporting its clients expand their operations overseas. In that trend, consultations related to Vietnam are at a very high level and this trend has continued in recent years.