Vinh Phuc Enhances Investment Attraction from Singapore

9:22:54 AM | 6/16/2023

Mr. Le Duy Thanh, Chairman of the Provincial People's Committee of Vinh Phuc, recently hosted a meeting with Mr. Jaya Ratman, Ambassador of Singapore to Vietnam, and the delegation of the Embassy of Singapore in Vietnam on a working visit to Vinh Phuc. The meeting was also attended by leaders of the Vietnam Union of Friendship Organizations (VUFO), the Vietnam-Singapore Friendship Association, and local agencies.

Mr. Le Duy Thanh (R) , Chairman of the Provincial People's Committee receives Mr. Jaya Ratman, Singaporean Ambassador 

Speaking at the meeting, Chairman Thanh expressed his pleasure to welcome Ambassador Jaya Ratman and his delegation to visit Vinh Phuc ahead of the 50th anniversary of Vietnam-Singapore diplomatic relations and the 10th anniversary of Vietnam-Singapore strategic partnership and stressed that many cooperation opportunities have been opened up for the province after its high-ranking official visit to Singapore. Particularly, in education and training, Singapore has many educational goals in common with Vinh Phuc province. Hence, he hoped that the Embassy of Singapore and the Ambassador will become a bridge for Singaporean investors to invest in education development in Vinh Phuc.

He hoped that Singaporean investors will initiate investment cooperation with Vinh Phuc province in high-quality human resource training, tourism cooperation, services, healthcare and logistics. He suggested that Singapore continue, with Vinh Phuc province, to implement the Vinh Phuc ICD Logistics Center in Binh Xuyen district to bring it into operation soon and achieve high investment performance. Vinh Phuc is committed to facilitating investors, including Singaporeans, to explore investment opportunities in the province. Believing in the fine cooperation ties with Singapore, Mr. Thanh hoped that more investment projects of Singapore in all fields will come to Vinh Phuc province, helping lift the Vietnam-Singapore strategic partnership to a new high.

Ambassador Jaya Ratman expressed his impressions on Vinh Phuc province's development achievements. With information about potential, strengths, and fields of cooperation and investment mentioned by Chairman Le Duy Thanh at the meeting, the Ambassador and his delegation will share it with Singaporean companies to bring them to Vietnamese partners, including those in Vinh Phuc province, to sign cooperation and investment agreements in the fields where Vinh Phuc has potential and strengths. He cordially invited leaders and businesses of Vinh Phuc province to attend the Singapore Business Forum to be held next July in Vietnam, and affirmed that this event will open up many cooperation opportunities for Singaporean businesses and Vinh Phuc.

On the same day, Ambassador Jaya Ratman and his delegation visited the Vinh Phuc ICD Logistics Center in Binh Xuyen district. This project is a testament to the good cooperative relationship between Vinh Phuc and Singapore. Kicked off on 8 ha at a cost of nearly VND3,800 billion in late 2021 by a joint venture of T&T Group of Vietnam and YCH Group of Singapore, the project has almost completed the first phase. Once completed, it will become one of the largest inland port centers in Vietnam and help boost the socio-economic development of Vinh Phuc as well as Vietnam as a whole.

By Nguyet Tham, Vietnam Business Forum