Sovico Group, MUFG sign deal to boost Việt Nam-Japan investment cooperation

Sovico Group, MUFG sign deal to boost Việt Nam-Japan investment cooperation

Under the agreement, the two groups will explore cooperation in international capital markets, corporate finance and project financing, while connecting Japanese investors with Sovico's businesses in banking and finance, aviation, infrastructure, digital transformation and real estate.

Sovico Group and MUFG exchange a strategic partnership agreement in Tokyo aimed at connecting resources for the development of Việt Nam and Japan. — Photo courtesy of Sovico

Việt Nam's Sovico Group and Japan's Mitsubishi UFJ Financial Group (MUFG) have signed a memorandum of understanding (MoU) to strengthen financial cooperation and mobilise international investment for strategic development sectors in Việt Nam.

The MoU was exchanged at the Việt Nam-Japan Public-Private Forum on Economic, Science and Technology Cooperation during an official visit to Japan by Party General Secretary and President Tô Lâm, who witnessed the ceremony along with senior officials from both countries.

Under the agreement, the two groups will explore cooperation in international capital markets, corporate finance and project financing, while connecting Japanese investors with Sovico's businesses in banking and finance, aviation, infrastructure, digital transformation and real estate.

The partnership will also promote investment and professional exchanges in sustainable finance, infrastructure development and financial innovation.

The companies aim to combine Sovico's investment capabilities, project implementation experience and knowledge of the Vietnamese market with MUFG's financial resources, international network and expertise to mobilise long-term capital and develop investment opportunities into concrete projects.

Nozaki Takao, MUFG's regional head for Việt Nam, said the group would leverage its network of Japanese investors, financial institutions and businesses to connect capital, knowledge and expertise with Sovico.

Vice Chairman of Sovico Group Phạm Khắc Dũng said the partnership would link financial resources with technology and management expertise to generate long-term value for businesses and the economies of both countries.

Sovico has a diversified business portfolio covering finance and banking, aviation, infrastructure, digital transformation and real estate, while MUFG is one of Japan's largest financial groups, with a global presence in banking and investment services.

The agreement is expected to support cooperation in green transformation, digital transformation and modern infrastructure, while creating additional investment links between Việt Nam and Japan.

The two countries upgraded their ties to a Comprehensive Strategic Partnership in November 2023, providing a framework for deeper cooperation in trade, investment, technology and other sectors. 

Bizhub