Vietnam values cooperation to ensure energy security with Japan
On October 1st, General Secretary and President To Lam received Mr. Maeda Tadashi, Chairman of the Japan Bank for International Cooperation (JBIC).
According to the Ministry of Foreign Affairs, at the reception, General Secretary and President To Lam highly appreciated the role and positive contributions of JBIC to the socio-economic development of Vietnam as well as the development of Vietnam-Japan economic relations through financial cooperation, promoting investment by Japanese businesses and supporting the implementation of important projects in Vietnam in the fields of energy, power generation, infrastructure...
Exchanging about the determination to implement development goals, General Secretary and President To Lam said that Vietnam is promoting innovation in the growth model, implementing industrialization and modernization based on the foundation of science and technology development, innovation and digital transformation; attaching importance to cooperation to ensure energy security with Japan and other countries in the context of a world with many uncertain factors.
General Secretary and President To Lam requested JBIC to continue to promote its role as a bridge, mobilizing and connecting Japan's financial resources with Vietnam's development needs; coordinate to promote and attract high-quality investment capital for new Vietnamese projects in the fields of infrastructure, semiconductors, AI, data centers... ; share experiences in managing and developing economic financial centers, attracting Japanese financial institutions and banks to participate in newly established financial centers in Ho Chi Minh City and Da Nang City.
Regarding energy cooperation, General Secretary and President To Lam requested JBIC to continue to coordinate to promote the practical implementation of projects within the framework of the Asia Zero Emission Community (AZEC), and at the same time strengthen exchanges on cooperation possibilities within POWERR Asia, including the construction of strategic energy reserves.
Chairman of the Japan Bank for International Cooperation (JBIC) Maeda expressed his honor to pay a courtesy visit to General Secretary and President To Lam; said that JBIC values the Vietnamese market and wishes to continue to closely coordinate with Vietnamese agencies and businesses to promote specific cooperation projects in the fields of AI, semiconductors, digital transformation, green transformation, robotics, energy, in accordance with Vietnam's development priorities and the orientation of Vietnam - Japan economic cooperation in the new period; cooperation in power projects to provide stable power sources to serve the development of robots, physical AI are fields suitable for Vietnam.
Chairman Maeda shared information about the Powerr Asia initiative announced by Japanese Prime Minister Takaichi in April 2026 to support ensuring stable energy supply for Asian countries; said Japan is ready to share experiences and support Vietnam in building a crude oil reserve system.
Chairman Maeda also reported to the General Secretary and President about JBIC and the Central Policy and Strategy Committee organizing the first policy dialogue during this visit to Vietnam; announced that JBIC and VP Bank will deploy a financial amount of 27 million USD to build an electricity transmission system under the AZEC mechanism and said that JBIC prioritizes the implementation of new projects in the field of electricity transmission between ASEAN countries.
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