Mizuho Bank and Philippine Economic Zone Authority renew memorandum of understanding for business cooperation

Mizuho Bank, Ltd. (President & CEO: Masahiko Kato) has signed a memorandum of understanding (MoU) for business cooperation to promote investments with the Philippine Economic Zone Authority (PEZA) of the Republic of the Philippines. This MoU renews and continues the existing MoU that Mizuho Bank signed with PEZA in 2012.

1. Details of cooperation under this MoU

1）Mutual cooperation to attract Japanese and other Asian companies to the Philippines

2）Co-hosting of events such as seminars connecting Japanese and other Asian companies with Philippine companies for business matching and investment

3）Support for various procedures for Japanese and other Asian companies entering the Philippines

4）Collaboration on environmental, social, and governance (ESG) frameworks such as carbon credit projects and transition credits

2. Background and purpose of the MoU

PEZA is an agency under the Department of Trade and Industry (DTI) of the Republic of the Philippines. It is one of the government agencies responsible for receiving and advising on foreign companies’ investment applications and foreign companies’ applications for permits and approvals, and it serves as a contact point for investment in the Philippines.

Since concluding their first MOU in 2012, Mizuho and PEZA have been working together to support business in the Philippine market, with the aim of providing useful information and enhancing support systems for clients who are considering expanding into the country or forming alliances with local companies.

The Philippines remains one of ASEAN’s fastest-growing economies. Business opportunities in the country are expected to increase as it enjoys sustained economic growth thanks to strong domestic consumption and infrastructure development underpinned by a steadily growing population. With both Japanese and other Asian companies looking to invest in the Philippine market, Mizuho will utilize the functions of its APAC franchise and expand its partnership with PEZA to support these companies in making their investments. Mizuho will also utilize its functions to coordinate with PEZA on ESG-related investment support. The renewal of the MoU highlights Mizuho and PEZA’s successful partnership to date as well as their shared commitment to enhancing and expanding areas of collaboration towards better meeting the various needs of clients while continuing to positively contribute to economic development in the Philippines.

（As of July 18, 2025）