Hanoi, Aug. 7 -- Prime Minister Pham Minh Chinh on August 7 hosted a reception for Hironori Kamezawa, CEO of Japan's Mitsubishi UFJ Financial Group (MUFG), during which he invited the Japanese financial giant to participate in the development of an international financial centre in Vietnam.

MUFG is one of Japan's three largest banks, operating more than 770 branches domestically and 76 overseas. In Vietnam, MUFG Bank has been present since 1998. In 2013, it became a strategic partner of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) by acquiring a 19.73% stake in the Vietnamese financial institution.

Reporting on MUFG's partnership with VietinBank and its future plans in Vietnam, Kamezawa expressed appreciat...