Prime Minister presses MUFG for backing in establishment and management of global financial hub
Mitsubishi UFJ Financial Group (MUFG) has reaffirmed its commitment to significantly expanding its investment and business activities in Vietnam. The plans, which were emphasized during a recent meeting with Vietnamese Prime Minister Pham Minh Chinh, focus on supporting Vietnam's net-zero emissions goal by 2050, digital transformation in the banking sector, and the development of a vibrant start-up ecosystem.
During the meeting, Prime Minister Chinh invited MUFG to participate in building international financial centres in Da Nang and Ho Chi Minh City and to contribute expertise in green finance, digital economy, and circular economy sectors.
MUFG aims to help develop the legal frameworks and facilitate the establishment and operation of the international financial centres in Vietnam, collaborating closely with Vietnam’s Ministry of Finance. The group also plans to support green finance, including carbon credit mechanisms and access to capital through initiatives like the Asia Zero Emission Community (AZEC), aligning with Vietnam’s net-zero target.
In addition, MUFG is promoting digital transformation in Vietnam’s banking and financial sectors, leveraging its global expertise to foster innovation and modernization. The group also backs the growth of the start-up ecosystem by promoting innovation, supporting sustainable start-ups (including those in agro-food sectors), and helping organize investment forums to connect Vietnamese ventures with international partners.
MUFG is also exploring cooperation in Vietnam’s semiconductor industry through collaboration with FPT Corporation, focusing on investment, technology transfer, workforce development, and building a sustainable semiconductor ecosystem. This reflects MUFG’s broader ambition to support advanced technology sectors, contributing to Vietnam’s integration into global high-tech value chains.
Prime Minister Chinh welcomed MUFG’s future investment and business plans, particularly those supporting Vietnam’s net-zero goal, digital transformation, and start-up ecosystem. He called on MUFG to continue expanding cooperation with Vietnam and contribute to promoting the Vietnam-Japan Comprehensive Strategic Partnership.
MUFG’s CEO expressed appreciation for the support provided by the Vietnamese government leader and relevant ministries. He also acknowledged MUFG's successful strategic cooperation with VietinBank over the past years. Moreover, he highlighted MUFG's active support for start-ups and sustainable innovation in the agro-food sector.
PM Chinh praised MUFG's collaboration with the Ministry of Finance in organizing six roundtables with major Japanese corporations. He also commended MUFG's efforts in promoting environmental and social responsibility and assisting with the green transition in the financial and banking industry.
In summary, MUFG’s future activities in Vietnam centre on integrating environmental sustainability (net-zero), digital innovation, and entrepreneurship support, while also actively participating in Vietnam’s evolving financial infrastructure and technology sectors.
- Mitsubishi UFJ Financial Group (MUFG) aims to help Vietnam establish international financial centres in Da Nang and Ho Chi Minh City, contributing expertise in green finance, digital economy, and circular economy sectors.
- MUFG is promoting digital transformation in Vietnam’s banking and financial sectors, fostering innovation and modernization through its global expertise.
- The group also plans to support Vietnam’s net-zero emissions goal by 2050, facilitating the establishment and operation of international financial centres, aligning with initiatives like the Asia Zero Emission Community (AZEC).
- MUFG is exploring cooperation in Vietnam’s semiconductor industry, emphasizing investment, technology transfer, workforce development, and building a sustainable semiconductor ecosystem.
- In addition, MUFG is backing the growth of the start-up ecosystem by organizing investment forums, supporting sustainable start-ups (including those in the agro-food sectors), and collaborating to promote environmental and social responsibility.
- Prime Minister Chinh called on MUFG to continue expanding cooperation with Vietnam, contributing to the Vietnam-Japan Comprehensive Strategic Partnership, and aligning with Vietnam’s evolving financial infrastructure and technology sectors.
