Singaporean firms keen on Da Nang market

A number of Singaporean firms have expressed their keen interest in investing in high technology in the central city of Da Nang – one of Vietnam’s most vibrant localities.
Singaporean firms keen on Da Nang market ảnh 1A corner of Da Nang (Source: VNA) 

Singapore (VNA) – A number of Singaporean firms have expressed their keen interest in investing in high technology in the central city of Da Nang – one of Vietnam’s most vibrant localities.

Speaking at a Da Nang investment promotion seminar held in Singapore last week, Executive Director of Singlarity consulting company Michael Dinh said its consumers and partners want to find out about information technology, clean energy and investment in Da Nang hi-tech park.

Ben Lim, Director of Singapore’s Shado International Group, said the company is running a project in the central province of Ha Tinh and plans to launch an electric bus service in Da Nang.

As a long-time investor in Vietnam, Chairman of the board of directors of Kinderworld Ricky Tan revealed that the group has decided to build an international-standard education-services complex on a 32ha site in the city.

As the 34 th member of the Association of International Educators, Kinderworld will bring more students from ASEAN, Singapore and the world to Da Nang, he said.

Addressing the event, Vice Chairman of the municipal People’s Committee Ho Ky Minh expressed the city’s commitment to attracting foreign investment in high technology, information technology, tourism, trade and logistics.

Singapore is currently Da Nang’s largest investor with 22 projects worth nearly 782 million USD, mostly in manufacturing, real estate, construction and education.

Questions regarding investment costs, incentives, infrastructure and labour have been answered.

Vu Thi Bich Thu, Vietcombank chief representative in Singapore, pledged all possible financial support for Singaporean investors operating in Da Nang.

The event attracted more than 70 delegates representing the Vietnam Chamber of Commerce in Singapore, the Singapore Business Federation, the International Enterprise Singapore, the Young Entrepreneurs Society of Singapore and a large number of investors.-VNA

VNA

See more

In 2025, Goertek will invest in a new project and bring more experts and new technology equipment to Vietnam. (Photo: Goertek)

Vietnam expects big FDI wave in 2025

More than 4.33 billion USD in foreign investment was registered in Vietnam in January, an increase of 48.6% compared to the same period last year.

The Lao Bao border gate, Huong Hoa district, Quang Tri province. (Photo: VNA)

Nearly 200 projects registered in Quang Tri's IPs

Two economic zones and two industrial parks in the central province of Quang Tri have so far attracted nearly 200 investment projects, with a total registered capital exceeding 172.4 trillion VND (6.78 billion USD) and a planned land use of over 5,978ha.

At the meeting (Photo: VNA)

PM urges business leaders to drive economic growth

Prime Minister Pham Minh Chinh encouraged businesses to actively engage in large-scale national projects, such as the North-South high-speed railway, standard-gauge railways connecting with China, urban railways, and the nuclear power project.

Production at Minerals Holding Corporation in Lao Cai province. (Photo: VNA)

Vietnam’s industrial production inches up 0.6% in January

According to Director of the GSO’s Industry and Construction Statistics Department Phi Thi Huong Nga, Vietnam could achieve breakthrough industrial growth in 2025 and beyond by leveraging its advantages and accelerating digital and green transformation as well as meeting the increasingly stringent requirements of the international market.