Processing farm produce (Illustrative image. Source: VNA)
HCM City (VNA) – Ho Chi Mi༺nh City held a dialogue with Singapore🔯an businesses on September 27 to help them remove difficulties and promote investment in the city.
Vice Chairman of the municipal People’s Committee Le Thanh Liem recognised the active contributions of the Singaporean Consulate General, Business Association and enterprises to the city’s socio-economic accomplishments over the past few years.
HCM City hopes to welcome a new wave of foreign investment, especially from Singapore, in the context that both countries are members of the Trans-Pacific Partnership (TPP).
He confirmed that local authorities are ready to exchange opinions with overseas investors, including those from Singapore, in order to ensure their legitimate interests.
Singaporean Consul General to HCM City Leow Siu Lin highlighted the economic ties between Singapore and Vietnam, particular HCM City, as a key pillar in the two countries’ relations.
The dialogue demonstrates the city’s wish to boost investment cooperation between the two sides, she said, adding that together with the joint efforts of the Vietnamese Government, HCM City’s authorities have worked to improve the investment climate and encourage foreign enterprises to invest in the city.
At the event, Liem also introduced to participants new points in Vietnam’s investment policies, and pledged that the city will forge ahead with administrative reform, infrastructure improvement and human resources development to create a favourable environment for foreign investors, including Singaporeans.
Singapore is currently the biggest foreign investor in HCM City with around 840 projects worth 9.57 billion USD, focusing on real estate, processing, manufacturing and services.-VNA
Singapore has become Vietnam's leading investment partner after investing more than 36 bln USD in numerous local projects, including processing, technology, manufacturing, real estate, and storage.
Ho Chi Minh City hopes to receive more investment from Singaporean businesses in transport, urban development and anti-flooding, said Chairman of the municipal People’s Committee Nguyen Thanh Phong.
The Vietnam – Singapore Industrial Park (VSIP) has become a symbol for the win-win cooperation between the two countries, National Assembly Chairwoman Nguyen Thi Kim Ngan has said.
Ho Chi Minh City always attaches much importance to developing ties with Singapore in an effective and sustainable manner, Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
Processing farm produce (Illustrative image. Source: VNA)
