Its CEO, Masayuki Omoto, told Prime Minister Pham Minh Chinh Monday that the projects include O Mon 2 gas-fired power plant in the southern city of Can Tho and the Quang Ninh liquefied natural gas power plant and Amata Ha Long City Industrial Park in the northern province of Quang Ninh.
It also plans to invest in export-oriented processing plants and smart urban projects in Hanoi and Ho Chi Minh City, and solar farms in other localities.
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Prime Minister Pham Minh Chinh (R) meets with Marubeni Corp CEO Masayuki Omoto in Hanoi on July 14, 2025. Photo by Vietnam Government Portal |
Omoto commended Vietnam’s strategic policies and improving business environment, which are benefiting investors.
“Vietnam is a key strategic market.”
With 130 offices in 68 countries, Marubeni operates in nearly every industry, generating annual revenues of US$70 billion.
It employs around 7,500 workers in Vietnam and generates annual revenues of $3 billion.
Marubeni’s recent focus in Vietnam includes industrial ventures, food processing, textiles, and trading in coal, seafood, coffee, grains, and petrochemicals.
It has built 11 thermal power plants with a total capacity of 4,000 megawatts.
Chinh praised Marubeni as one of the few corporations with an eight-decade investment history in Vietnam, noting that its choice of Vietnam as a key base has contributed to the country’s socio-economic development.
He highlighted its role in technology transfer, exports, job creation, and tax payments.
He welcomed Marubeni’s expansion plans and reaffirmed his government’s commitment to supporting foreign businesses.
He noted that Vietnam has established a robust legal framework for large-scale power plants using LNG and offshore wind.
Urging Marubeni to maintain Vietnam as a strategic investment hub, he encouraged a forward-thinking approach of “looking far ahead, thinking deeply, and acting boldly.”
He exhorted the company to increase investments in gas-fired power and offshore wind energy plants, artificial intelligence, large-scale data infrastructure, and electricity exports to ASEAN countries.
Marubeni could collaborate with the Vietnam Coal and Mineral Industries Group for coal business and exports to Japan and partner in developing crop and livestock varieties, building brands, and processing and exporting Vietnam’s key agricultural products like coffee, rice and high-quality foods, he said.
He also encouraged investments in industrial parks and production of instant noodles, mochi and pharmaceuticals for the domestic and export markets.
He wanted Marubeni to add Vietnamese businesses to its global supply chains, provide training and foster cooperation in science, technology and digital transformation.
Omoto said Marubeni would implement high-value-added projects in Vietnam in the sectors suggested by the PM, and assured him of its commitment to the country’s growth.
