Chairman of the Quang Binh People’s Committee Nguyen Huu Hoai (L) and Albert Tan, a representative of the SOFOS Capital Management Pte Ltd, sign a memorandum of understanding on bilateral cooperation at the workshop in Singapore on July 6 (Photo: VNA) Singapore (VNA) - An investment promotion workshop was held inSingapore on July 6 to introduce the strengths, policies, and opportunities of the central province of QuangBinh to Singaporean investors.
Speaking at the event, Chairman of the provincial People’s Committee Nguyen HuuHoai gave participants details of Quang Binh’s advantages and investmentincentives in spearhead economic fields such as tourism, renewable energy, communications,and transport.
Hoai highlighted Quang Binh’s 116km of coastline with many nice beaches. It hasthe World Natural Heritage Site Phong Nha-Ke Bang National Park, which covers120,000ha of primeval forest and nearly 400 caves, including those ranked amongthe world’s most magnificent caves, such as Son Doong, Phong Nha, and ThienDuong.
The locality is in a strategic position in the East-West Economic Corridor,serving as an important gateway for trade links between Vietnam and Laos,Thailand, Myanmar, and other countries in the region.
Quang Binh is now home to over 440 investment projects, including 23foreign-invested projects with a total registered capital of 763 million USD,he noted.
The province will apply the highest incentive level for investment projects in desiredfields, Hoai said, adding that it will also provide other support forenterprises related to land clearance, labour training, and infrastructure construction.
In his speech, President of the Singapore Manufacturing Federation (SMF)Douglas Foo praised Vietnam’s socio-economic development achievements in recentyears.
He said 2018 would mark an important milestone in the strategic cooperationbetween Singapore and Vietnam as the two countries are celebrating the 45th foundinganniversary of diplomatic ties.
SMF will work to conduct more surveys and organise forums to promote the exchangeof information between the two countries’ enterprises, thus supportingSingaporean firms in expanding their investment in Vietnam’s provinces andcities, including Quang Binh.
He expressed his belief that the memorandum of understanding on cooperationbetween the SMF and Quang Binh will enable Singaporean businesses and investorsto further increase their investments in the province.
At the event, Quang Binh’s officials signed MoUs on cooperation with the SMF,SOFOS Capital Management Pte Ltd, and Kinder World Education Group ofSingapore.-VNA
VNA
