Vice Chairman Ho Sy Hung holds a courtesy reception with the delegation of Mitsui & Co. Vietnam Ltd.
CMSC Mr. Ho Sy Hung, Vice Chairman of Commission for the Management of State Capital at Enterprises (CMSC) had a meeting with the delegation of Mitsui & Co. Vietnam Ltd. led by General Director Hiromitsu Narukama on December 26th. The meeting was also attended by representatives of the Department of Energy and Office of the CMSC.
|Overview of the meeting
Vice Chairman Ho Sy Hung said that CMSC is a government agency which is designated by the Government to exercise rights and take on duties as the owner’s representative to wholly state-owned enterprises and state capital invested in joint-stock companies and multi-member limited liability companies in accordance with laws.
According to Vice Chairman Ho Sy Hung, in 2022, despite many difficulties due to the emergence of new and unprecedented factors: the prolonged Russia - Ukraine conflict, economic inflation, rising interest rates and supply disruptions, 17 out of 19 enterprises under CMSC have operated effectively, preserved and developed the state capital. The positive results clearly reflect the leading role of state-owned enterprises in the national economy, contribution to macro balance, fulfillment of political tasks, ensuring food and social security.
For his part, Mr. Hiromitsu Narukama, General Director of Mitsui & Co. Vietnam Ltd. was immensely appreciative to Vice Chairman Ho Sy Hung for the warm welcome, stating that Japan-based Mitsui & Co. Ltd., parent company was established in 1947, with 129 offices in 63 countries globally. Mitsui & Co. Ltd. provides transportation, finance, mining, engineering, energy and construction service and has been involved in more than 1000 projects globally.
Mr. Hiromitsu Narukama assessed that Vietnam’s economy and industry have developed significantly in recent years. Despite the impact of complicated political and economic fluctuations in the world, there are many bright spots seen in Vietnam’s economy.
|The leaders of both sides take a souvenir photo
Mr. Narukama, in terms of energy, would like to seek cooperation opportunities and share Mitsui's experience in hydrogen production from oil refining, high-energy battery production, or renewable energy in Vietnam. Due to the hydrogen production technology and its potential in the future, in addition to Mitsui’s success in recent energy projects in following countries: The United Arab Emirates, Saudi Arabia, New Zealand and Australia, Mr. Narukama expressed his expectation that Mitsui would discuss cooperation opportunities with enterprises under CMSC, contributing more to Vietnam and Japan economic ties.
In response to Mr. Narukama’s presentation, Vice Chairman Ho Sy Hung focused on Mitsui’s competing capability and its strategy to gain access to Vietnam’s energy market. In addition, the Department of Energy representatives spent time exchanging experience and management skills in the field of energy.