📋 Tender Overview
On the afternoon of July 22, Prime Minister Pham Minh Chinh received Mr. Yukihito Honda, General Director of the diverse urban development block of Sumitomo Group (Japan). Attending were the Japanese Ambassador to Vietnam ITO Naoki. Prime Minister Pham Minh Chinh received Mr. Yukihito Honda, CEO of the diverse urban development block of Sumitomo Group (Japan) - Photo: VGP/Japan Bacsumitomo Corporation (Japan) is a multi -sectoral corporation, operating mainly in the field of manufacturing industry, energy, smart city, electronic component production. As of March 3, 2025, the Group has an equity of US 3.2 billion, about 83.3 thousand employees around the globe, the profit of the Group reaches US 3.9 billion, in the ranking of 500 leading companies and corporations in the world (Fortune Global 500). Activities in Vietnam 70 years, Sumitomo has invested in Thang Long 1 industrial parks (Hanoi), Thang Long 2 (Hung Yen), Thang Long 3 (Vinh), Phuc Long 3 (Vinh Phuc), now Phuc Tho Tho). Thanh Hoa Industrial Park and Quang Tri Industrial Park (joining the joint venture); participate in the construction of EPC Urban Railway Project No. 1 in Ho Chi Minh City - Package 2; BOT Van Phong I Thermal Power Project, capacity of 1,320 MW. Industrial Zones of Sumitomo attracted more than 6 billion USD of investment capital, creating nearly 100,000 jobs. Prime Minister Pham Minh Chinh highly appreciated Sumitomos investment projects in Vietnam - Photo: VGP/Nhat Bac at the meeting, Mr. Yukihito Honda reported the Groups activities in Vietnam, the progress of investment projects for construction and business of Thanh Hoa industrial park infrastructure (phase 1), participating in the joint venture of North Hanoi smart city project; Proposing Van Phong 2 Gas power plant project. Yukihito Honda said Sumitomo wants to make the North Hanoi smart city project a symbol in Vietnam - Japan relations. The Group wants to continue promoting cooperation in the field of energy, rail, smart urban and will continue to make efforts to contribute to the better and better relations between the two countries. Appreciating Sumitomos investment projects in Vietnam, Prime Minister Pham Minh Chinh said that these are all projects with large investment capital, have a spillover impact on socio -economic development in localities with projects of the Group in particular and Vietnam in general, contributing to promoting Vietnam -Japan relations. The Prime Minister and the delegates attended the meeting - Photo: VGP/Nhat Bac in the context of the comprehensive strategic partnership of Vietnam - Japan is developing very well, the Prime Minister suggested that the two sides promote actual and effective cooperation projects. The government, ministries, branches and localities will support and create favorable conditions for Japanese enterprises in general and Sumitomo corporation in particular, in the direction of business and efficiency declare, transparently, reduce administrative procedures and comply with the provisions of law, soon solve problems, bring projects to be put into operation soon. Regarding the proposal of Van Phong 2 Gas Power Plant project, the Prime Minister welcomed Sumitomos proposal to convert the project to LNG use, the Ministry of Industry and Trade coordinated to resolve the necessary procedures, and asked the research group to access capital within the framework of the Asian community of net emissions of 0 (AZEC). Regarding the North Hanoi smart city project, the Prime Minister asked the Group to coordinate with the Vietnamese partners to implement seriously, quickly, in accordance with the law, in the spirit of equality, harmonious benefits, shared risks and combined with Vietnamese and Japanese culture. Mr. Honda thanked the attention, facilitate and promptly handled difficulties and problems of the Government, the Prime Minister and ministries and localities with Sumitomos investment projects in Vietnam, affirming that it would promote the projects to implement quickly, seriously, effectively and sustainably as the Prime Minister directed it.
