Singaporean businesses hope to invest further in Hai Phong
As of September there were 63 Singaporean investment projects in northern port city with total capital of nearly $2.8 billion.
Singapore is seeking opportunities to strengthen cooperation with Vietnam in general and northern Hai Phong city in particular in the digital economy and innovation, infrastructure, energy, sustainability, trade, investment, finance, transportation, and tourism, Country Head of the Singapore Business Federation (SBF) in Vietnam, Amy Wee, told city leaders during a working visit on November 8.
Representatives from a number of accompanying Singaporean businesses spoke about their strengths and their desire to do business and invest in areas such as electric motorcycles, healthcare, consumer goods, catering services, energy, road traffic, urban logistics, and interior design, among others.
The SBF looks forward to working with Hai Phong to organize more investment promotion programs and conferences to attract more investors and businesses specializing in the areas mentioned above.
Deputy Chairman of the Hai Phong City People’s Committee Hoang Minh Cuong said the city is focusing on promoting and attracting investment towards developing three economic pillars: industry - high technology, seaports - logistics, and tourism - trade, so welcomes and will create favorable conditions for Singaporean investors to do business.
According to Deputy Director of the Hai Phong Department of Planning and Investment, Tran Thi Hai Yen, there were 63 Singaporean investment projects in Hai Phong as of September, with total investment capital of nearly $2.8 billion, of which $2.6 billion was in industrial parks and economic zones.
