Marubeni’s CEO met Viet Nam Prime Minister
Investing in a series of Vietnam's largest companies from food to steel, electricity... the 165-year-old Japanese corporation wants to continue investing billions of dollars, its favorite field is still energy.
Marubeni’s CEO met Viet Nam Prime Minister in Ha Noi on 13 November
In 2022, Nghi Son 2 Power Plant with an investment capital of 2.8 billion, 40% owned by Marubeni, was put into operation.
On the afternoon of November 13, Prime Minister Pham Minh Chinh has received Mr. Kakinoki Masumi, CEO of Marubeni Corporation (Japan). Marubeni is one of Japan's largest multi-industry trading and investment corporations, presented in 68 countries, with total assets of about 68 billion USD and annual profits of about 2 billion USD.
At here, CEO Kakinoki Masumi said that Marubeni has invested in Vietnam since 1991; as of now, we have invested about 90 billion yen (more than 15,326 billion VND) in Vietnam, creating jobs for 7,500 people. Marubeni always considers Vietnam as an important market in Asia, focusing on areas such as: Import and export of goods; Construction of thermal power plants and industrial plants, food processing and textile factories...
He also emphasized that in the coming time, Marubeni will continue investing billions of dollars in projects in Vietnam in seven aspects such as energy, processing, goods exporting, infrastructure development... Of which, Energy is a priority field, with notable large projects such as O Mon II Gas Power Plant, Quang Ninh LNG Gas Power Project, wind power farms, and solar power.
In fact, Japan is the most important economic partner of Vietnam, the largest ODA provider, is the second in labor cooperation, is the third in investment and tourism, is the fourth in trade. As for Marubeni, presented in Vietnam for more than 30 years, is currently the leading exporter of Vietnamese products such as seafood and coffee and is also a large distributor of products such as cereals and petrochemical…
Very popular and presented in many large power projects in Vietnam
In Vietnam, Marubeni has a number of member companies trading in steel and spare parts such as Marubeni-Itochu Steel, Marubeni Heavy Equipment.
Marubeni also holds 18% capital in instant noodle company Acecook Vietnam, 6% capital in Vina Kyoei steel company and 20% capital in Kyoei Vietnam Company.
In particular, this Japanese "giant" is more presented in the power plant. In 2013, Marubeni Corporation together with KEPCO (Korea) had won the bid to invest in Nghi Son 2 Thermal Power Plant. Currently, the corporation is being proposed with Vietracimex to invest in O Mon 2 Thermal Power Plant.
Marubeni is also part of a consortium of contractors including PV Power, COLAVI Joint Stock Company and Tokyo Gas to cooperate in investing in the Quang Ninh LNG Gas Power Plant Project with a capacity of 1,500MW, total investment capital of over 47,000 billion VND. Marubeni intended to invest in building the Long Son LNG Gas Power Complex in Ba Ria - Vung Tau.
Recently, in July 2023, Marubeni has signed a comprehensive development cooperation agreement with Hung Thinh Group in three areas: green energy; investment in real estate project development; Feasibility study for developing and operating next-generation cities using smart solutions.
Marubeni Green Power Vietnam has also recently signed a strategic cooperation agreement with VinES (part of Vingroup) to promote the use of battery energy storage systems (BESS) in Vietnam.
Nghi Sơn 2 Thermal Power Plant with a net capacity 1,200 MW, Marubeni holds 40% of total investment of 2,8 billions USD
Extending its "arm" to the paper production, just investing capital into a company providing raw materials for Vinamilk, Masan...
In other fields, in early 2019, Marubeni started construction of the Kraft of Asia (KOA) Packaging Paper Factory, with an investment of 115 million USD, in Ba Ria - Vung Tau. The corporation also established a new business development division in 2022, focused on attracting 'Next Gen' growth of Southeast Asian and US consumers.
Most recently, Marubeni (Japan) has just announced its investment in AIG Asia Raw Materials Joint Stock Company through its subsidiary Marubeni Development Capital Asia Pte. Ltd. (MGCA). AIG is known as a supplier and manufacturer of food ingredients for famous brands such as Vinamilk, TH True Milk, Vitadairy, Nutricare, IDP, Nutifood, Friesland Campina, Nestle, Masan, Duc Viet, Dabaco, Acecook, Vifon…
Thus, the investment in AIG is MGCA's second investment in the food and beverage sector after the overall franchise partnership with Tim Hortons®, the leading coffee chain of Canada, allowing MGCA to bring company's products to three countries in Southeast Asia.
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