Leaders of southern Tra Vinh province have called for Singaporean investment in 25 key projects and in establishing a high-quality industrial, urban and service zone.
Vietnam – Singapore industrial park in Quang Ngai (Source: VNA)
Singapore (VNA) – Leaders of southern Tra Vinh province𓄧 have called for Singaporean investment in 25 key projects and in establishing a high-quality industrial, urban and service zone similar to the Vietnam – Singapore industrial parks (VSIP) already operating in Vietnam.
During an investment promotion seminar held in Singapore on March 23, Chairman of the provincial People’s Committee Dong Van Lam said the projects involve building technical infrastructure in industrial zones, bonded warehouses, chemical refinery facilities, deep-water ports and Long Toan airport.
He expressed hope for partnering with Singapore’s Sembcorp to build the first VSIP in Tra Vinh in the future.
A number of Singaporean enterprises showed their interest in the fields of infrastructure, seaports, transport, logistics, health care, education and training.
They raised questions about Vietnam’s investment incentives, taxation and infrastructure service as well as available workforce.
Several entrepreneurs inquired about investment services such as offices, hospitals and accommodation for foreigners working in Vietnam.
Lam affirmed that the province will continue working closely with the embassy, the Singapore Manufacturing Federation and the Singapore Investment and Trade Facilitation Authority to meet business demand.
Tra Vinh also plans to launch a website designed for wooing Singaporean capital inflows following the visit, he said.
Last year, representatives from six Vietnamese provinces travelled to Singapore to pitch for investment, said Vietnamese Ambassador to Singapore Nguyen Tien Minh.-VNA
Singapore has poured over 33 billion USD into numerous projects in Vietnam in processing technology, manufacturing, real estate, education and entertainment.
The central province of Nghe An granted the investment licence of VSIP Nghe An Industrial-Urban-Service Park to the Vietnam-Singapore Industrial Park Joint Venture Company on June 30.
Authorities in Tra Vinh province of have agreed with their Binh Duong counterparts on building a Vietnam-Singapore Industrial Park, with three of its kind already formed in the country.
Prime Minister Nguyen Tan Dung and Singapore’s Minister for Trade and Industry Lim Hng Kiang launched an order to start construction of the seventh Vietnam Singapore Industrial Park (VSIP).
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
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Vietnam – Singapore industrial park in Quang Ngai (Source: VNA)
