Business

Tra Vinh pitches for Singaporean investment

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.
Tra Vinh pitches for Singaporean investment ảnh 1Vietnam – Singapore industrial park in Quang Ngai (Source: VNA)

Singapore (VNA) – 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 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

VNA
#Vietnam - Singapore Industrial Park #Tra Vinh #investment Singapore
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