Business

Singapore companies wish to invest in Vinh Phuc province

KinderWorld Education Group will soon conduct three investment projects in Vietnam ’s northern Vinh Phuc province, said its Chairman Ricky Tan at a roundtable on investment opportunities in the province held in Singapore on July 18.
KinderWorld Education Group will soon conduct three investment projectsin Vietnam ’s northern Vinh Phuc province, said its Chairman Ricky Tanat a roundtable on investment opportunities in the province held inSingapore on July 18.

He said thatKinderWorld has so far invested 40 million USD in 15 projects throughoutVietnam , becoming Singapore ’s largest investor in Vietnam ’seducation sector.

In the next decade, the groupwill pour 100 million USD into three projects in Vinh Phuc province,namely the Adventure and Eco-Tourism Education, the Singapore-VietnamInternational School and the Singapore Education Metropolis.

“We chose Vinh Phuc as our next destination because of its strategiclocation, infrastructure and policy relating to foreign investment,especially the policy on land clearance and assignment,” said theChairman.

Another Singapore-based company wishing toinvest in Vinh Phuc province is ReEx Capital Asia, which specialises inclean energy.

Its CEO Yanis Boudjouher said thatafter this seminar, the company’s officers will go to the province “totalk waste energy opportunities there”.

“It will begreat interest for us to go and visit the province in order to see howit can help developers and investors of projects like waste treatment,”he added.

According to Yanis Boudjouher, hiscompany plans to invest in a waste treatment facility in Vinh Phucprovince besides the one in Hanoi .

Delegates from Amata Corporation PLC also showed their interest in theinvestment climate in Vinh Phuc province. Lena Ng, Board advisor,inquired into the province’s policy on personnel training. She saidsince Amata Corporation PLC set up an establishment in Bien Hoa 20 yearsago, the company has benefited from investment in Vietnam thanks tothe strong policy of the Vietnamese government.

“We are also looking for expanded projects in other parts of Vietnam ,” she added.

Atthe round table, Chairman of Vinh Phuc Provincial People’s CommitteePhung Quang Hung assured that his province will creates the mostfavourable conditions for Singapore investors to gain success in thelocality.

He revealed that the province is calling for foreign investment in tourism, healthcare and education.

“Thistime, we are looking towards investors from Singapore , Malaysia andIndonesia as the three countries have higher development levels insome aspects than Vietnam and they are suitable for Vinh Phuc tolearn from,” he said.

As of June 2014, Vinh Phuchad attracted 158 foreign direct investment projects with a combinedregistered capital of 3 billion USD. Of which, only seven projects worth250 million USD were invested by Singapore.-VNA
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