The Mekong Delta city of Can Tho is calling for Singaporean investment in many priority fields, including infrastructure development at industrial parks, smart city building, logistic zones, healthcare, and education-training.
Prime Minister Nguyen Xuan Phuc has lauded Singapore’s high indexes in innovation, creativity and productivity, and expressed his hope for stronger cooperation with the country in these fields.
An investment promotion workshop was held in Singapore on July 6 to introduce the strengths, policies, and opportunities of the central province of Quang Binh to Singaporean investors.
Vietnam and Singapore need to work for bigger strides in economic, trade and investment cooperation, making it on par with bilateral political ties, said Prime Minister Nguyen Xuan Phuc.
The Vietnamese Government always encourages and creates favourable conditions for Singaporean businesses to invest in Vietnam, particularly in building a hi-tech zone in the central city of Da Nang.
The National Assembly (NA) of Vietnam will issue more incentive policies and work alongside the Vietnamese Government to facilitate the operation of foreign investors, including those from Singapore, in the country, said NA Chairwoman Nguyen Thi Kim Ngan.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) inked a cooperation agreement with the Singapore Manufacturing Federation (SMF) on October 17.
Singaporean businesses want to cooperate with their Vietnamese counterparts in digital technology to serve industrial development in each country, said President of the Singapore Manufacturing Federation Douglas Foo.
A slowdown in China’s economic growth is having a strong impact on Singapore as the country’s export turnover to China, in January, recorded the sharpest decrease in the past 7 years.
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