PM Nguyen Xuan Phuc receives Singaporean investors (Photo: chinhphu.vn) Hanoi (VNA) - The Vietnamese Government always encourages and creates favourableconditions for Singaporean businesses to invest in Vietnam, particularly inbuilding a hi-tech zone in the central city of Da Nang, said Prime MinisterNguyen Xuan Phuc.
During hisreception for a delegation of Singaporean investors led by Douglas Foo,President of the Singaporean Manufacturing Federation (SMF) in Hanoi on April6, PM Phuc highlighted the Vietnam-Singapore strategic partnership, saying thatthe bilateral relations are growing fruitfully with a strong surge inSingapore’s foreign direct investment (FDI) flow into Vietnam.
He highly evaluatedlate Singaporean PM Lee Kuan Yew’s initiative on connecting the two economies, andvoiced his hope that Vietnamese and Singaporean enterprises will gain greaterachievements in cooperation.
For his part, DouglasFoo expressed his impression at the development of the central city of Da Nang,saying that the city has potential and capability to become a second Singaporein the future.
He suggested DaNang build a “garden city” as a highlight to lure tourists, adding that thecity can become the world’s exhibition and conference centre. He also sharedhis country’s experience in green construction and design.
Singaporeaninvestors expressed their wishes to pour investments in Vietnam and Da Nang inelectronics and semiconductor manufacturing, in which Vietnam has huge developmentpotential and Singapore has strength.
PM Phuchighlighted the similarity in terms of area between Singapore and Da Nang city,noting that Da Nang is bestowed with even more favourable natural conditions.
The PM welcomed theinvestment plans of Singaporean firms, saying that he has assigned themunicipal People’s Committee of Da Nang to review Singapore’s proposals andreport to the Government.-VNA
VNA
