The move is a key step in implementing the 2024 Capital Law and aims to modernize the capital’s infrastructure by moving critical systems and facilities below ground.

The project will supply 1,520 units.

Highlighting the Japanese company's rare 80-year investment history in Vietnam, PM Chinh stated that Marubeni's effective operations have significantly contributed to Vietnam's socio-economic growth.

The project has total investment capital of $193 million with a capacity of 120 million ceramic products annually.

Vietnam’s target of high and sustainable growth to take it to the ranks of high-income countries demands the right policy vision from the outset.

Electronics remains a pillar, accounting for 57% of the country's total export turnover.