Sunday, 17/08/2025
   

VietinBank and MUFG collaborate on Vietnam Development Initiatives

During visiting to Vietnam on August 7, 2025, Mr. Hironori Kamezawa, President & CEO of Mitsubishi UFJ Financial Group (MUFG), a strategic partner of the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank), held important meetings with Prime Minister Pham Minh Chinh and Governor of the State Bank of Vietnam Nguyen Thi Hong.

This marked another step forward in the strategic partnership between VietinBank and MUFG, reinforcing their relationship while contributing to the socio-economic development of both Vietnam and Japan.

The meeting between Mr. Kamezawa and Prime Minister Pham Minh Chinh conveyed a strong message on the importance of the strategic cooperation between MUFG and VietinBank. At the event, Mr. Kamezawa reported on the results of the partnership and outlined directions for future development. Both parties agreed to further promote effective cooperation to strengthen banking governance capabilities and support economic growth.

Prime Minister Pham Minh Chinh takes a souvenir photo with MUFG General Director Hironori Kamezawa (4th from left) and the VietinBank Senior Leadership Delegation

Prime Minister Pham Minh Chinh highly valued MUFG’s effective investment in Vietnam, particularly in organizing dialogues between the Prime Minister and Japanese businesses. He emphasized that this cooperation has contributed to improving the investment environment and boosting Japanese investors’ confidence in Vietnam.

In his meeting with Governor Nguyen Thi Hong, Mr. Kamezawa highlighted the tangible contributions of MUFG and VietinBank in successfully organizing dialogues, improving the investment climate, and fostering bilateral economic cooperation. Both sides reaffirmed MUFG’s important role in policy consulting and in drafting significant legal documents—especially in supporting the State Bank of Vietnam in developing the 2024 Law on Credit Institutions.

Governor Nguyen Thi Hong also praised MUFG for acting as a bridge between foreign credit institutions and the State Bank, thereby helping to build a stable and secure banking system for the economy.

The meeting between CEO of VietinBank Nguyen Tran Manh Trung and Mr. Kamezawa on August 6, 2025, marked a significant milestone in the long-standing partnership between VietinBank and MUFG. In this exchange, Mr. Trung expressed deep gratitude to MUFG for its invaluable companionship and support over the past decade—a partnership that has enabled VietinBank to grow substantially, especially in banking governance, risk management, and business development.

Mr. Kamezawa also expressed his admiration for VietinBank’s achievements, particularly its strong business performance in the 2024 fiscal year, and voiced his desire to further expand cooperation not only in Vietnam but also on a global scale.

Thanks to MUFG’s support, VietinBank has continuously enhanced its competitiveness, adopted international best practices, and become one of Vietnam’s leading banks. This partnership has generated mutual benefits while strengthening the strategic relationship between Vietnam and Japan. It serves as a solid foundation for long-term cooperation and sustainable development in finance, banking, and the broader economy, creating substantial value for both nations.

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