Singaporean enterprises interested in investment environment in Binh Duong

The Singapore Business Federation, led by Sock Joo Tan, the Director for Southeast Asia and Pacific, worked with leaders of Binh Duong Province on August 25 to learn about the investment environment in the province.

Delegates attend the meeting (Photo: NDO)
Delegates attend the meeting (Photo: NDO)

At the meeting, the leaders of 23 Singaporean enterprises operating in the fields of manufacturing, retail, information technology, and others discussed with local leaders about fields of investment, investment policies,human resources training, and cooperation opportunities in the fields of e-commerce, digital transformation, automation, and others.

Sock Joo Tan said that the cooperation relationship between Vietnam and Singapore has grown strongly in recent years, especially in the field of trade and investment.

She also appreciated the dynamic development and the open and attractive investment environment of Binh Duong Province, expressing her hope for investment cooperation in suitable fields.

Standing Vice Chairman of Binh Duong Provincial People's Committee Mai Hung Dung welcomed the delegation of Singaporean enterprises, saying that Binh Duong wishes to call for investment in areas of Singapore’s strengths, such as high and environmentally friendly technology, less labour-intensive industries, financial services, logistics, and others.

According to the People’s Committee of Binh Duong Province, Singapore currently ranks third among the 65 countries and territories investing in Binh Duong, with nearly 300 projects worth approximately 6 billion USD.

In particular, the great success of the Vietnam-Singapore Industrial Parks (VSIP) model in Binh Duong and many other provinces and cities in Vietnam is vivid proof of the effective cooperation between Binh Duong and Sembcorp group of Singapore.