Japan-based Sojitz Corporation has announced plans to expand its investment footprint in Ho Chi Minh City across key sectors, including energy, logistics, agriculture, food and trade. The plans were discussed during a meeting between Sojitz President Masayoshi Fujimoto and city authorities, highlighting growing Japanese interest in Vietnam’s largest economic hub.
Sojitz has operated in Vietnam for nearly 40 years and currently maintains 27 subsidiaries and affiliates, employing over 9,000 people and generating more than USD1.6 billion in revenue. Its existing investments include the Phu My 3 power plant, industrial parks such as Long Duc and Lotheco, a livestock and food processing venture with Vinamilk, and retail operations including Ministop convenience stores.
The company is now seeking to expand into new areas aligned with Vietnam’s development priorities, particularly clean energy and logistics infrastructure. Ho Chi Minh City authorities welcomed the proposal and encouraged further investment in sectors such as renewable energy, supply chain infrastructure, food processing and railway development.
The expansion aligns with Vietnam’s broader strategy to attract high-quality foreign investment into infrastructure and value-added industries, reinforcing Ho Chi Minh City’s position as a key destination for international investors and a major economic and logistics centre in Southeast Asia.