PM calls on MUFG to support building and operation of international financial centre

PM calls on MUFG to support building and operation of international financial centre

Mitsubishi UFJ Financial Group (MUFG) is one of Japan’s three largest banks, operating more than 770 branches domestically and 76 overseas. In Việt Nam, MUFG Bank has been present since 1998.

Prime Minister Phạm Minh Chính meets Hironori Kamezawa, CEO of Japan’s Mitsubishi UFJ Financial Group (MUFG) in Hà Nội on Thursday. — VNA/VNS Photo Dương Giang

Prime Minister Phạm Minh Chính on Thursday hosted a reception for Hironori Kamezawa, CEO of Japan’s Mitsubishi UFJ Financial Group (MUFG), during which he invited the Japanese financial giant to participate in the development of an international financial centre in Việt Nam.

MUFG is one of Japan’s three largest banks, operating more than 770 branches domestically and 76 overseas. In Việt Nam, MUFG Bank has been present since 1998. In 2013, it became a strategic partner of the Việt Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) by acquiring a 19.73% stake in the Vietnamese financial institution.

Reporting on MUFG’s partnership with VietinBank and its future plans in Việt Nam, Kamezawa expressed appreciation for the support provided by the Vietnamese government leader and relevant ministries, which, he said, had enabled the partnership to grow steadily and strengthened VietinBank’s governance and stability.

Kamezawa noted that Việt Nam remained one of the most attractive investment destinations in the region and was increasingly important to Japanese businesses. He affirmed MUFG’s commitment to contributing to the development of Việt Nam’s banking sector, the Vietnamese economy, and bilateral cooperation with Japan.

MUFG aims to continue serving as a bridge between the business community and Vietnamese regulatory authorities, according to the CEO. It also hopes to support Việt Nam in establishing an international financial centre - an important step of Việt Nam and an area in which MUFG has strong expertise.

The group is also actively supporting start-ups and sustainable innovation in the agro-food sector, promoting environmental and social responsibility, and assisting with green transition in the financial and banking industry.

PM Chính welcomed MUFG’s effective business activities in Việt Nam, particularly its results of strategic cooperation with VietinBank over the past years. He highlighted the strong Việt Nam–Japan relationship and affirmed the importance of learning from Japan’s development experience.

He also praised MUFG and VietinBank’s collaboration with the Ministry of Finance in successfully organising six roundtables between the Vietnamese government leader and major Japanese corporations, which served to address business concerns and reinforce investor confidence.

The PM welcomed MUFG’s future investment and business plans, especially initiatives that support Việt Nam’s net-zero goal by 2050, digital transformation in banking, and the development of a start-up ecosystem.

He called on MUFG, as a leading and trusted bank in Japan’s business community, to continue expanding cooperation with Việt Nam, contributing to promoting the Việt Nam-Japan Comprehensive Strategic Partnership.

He affirmed that the Vietnamese Government would continue to create favourable conditions for Japanese banks to cooperate and invest in Việt Nam, describing it as a sound and strategic investment direction.

PM Chính proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Đà Nẵng and HCM City. He also encouraged the group to share development experience, contribute to policymaking, and collaborate in emerging areas such as digital, green, and circular economy.

The PM called for MUFG’s support in developing Việt Nam’s capital market, green finance, carbon credit mechanisms, and access to capital under the Asia Zero Emission Community (AZEC). He also urged the bank to promote innovation, support start-ups, and help organise investment and development conferences in Việt Nam to mobilise resources and connect Vietnamese businesses with international partners. 

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