Hai Phong: Enhancing Economic and Trade Cooperation with Singapore

DNHN - Recently, in Hai Phong, Vice Chairman of the Municipal People’s Committee Hoang Minh Cuong received and worked with a delegation from Enterprise Singapore.

At the reception, Vice Chairman of the Municipal People’s Committee Hoang Minh Cuong provided a brief overview of Hai Phong’s development. To date, the city has attracted 74 investment projects from Singaporean investors with a total investment capital of over USD 3.1 billion, of which over USD 2.9 billion has been invested in industrial and economic zones. Singaporean investors in the city primarily focus on industry, real estate, and infrastructure, with the remaining investments in warehousing, logistics, trade, machinery, and textiles. Singaporean investment projects in Vietnam have been implemented effectively, contributing to job creation and the city’s budget revenue.

To learn about priority areas for development and investment attraction, especially after the Government approved the city’s planning; about Hai Phong’s development orientations and strategies, particularly in the fields of logistics infrastructure, seaports, airports, offshore wind power, and liquefied natural gas (LNG); and to explore investment cooperation opportunities for Singaporean businesses in Hai Phong, CEO of Enterprise Singapore, Southeast Asia, Kow Juan Tiang expressed his gratitude for the useful information provided by the Vice Chairman of the Municipal People’s Committee and expressed his admiration for Hai Phong’s remarkable development, particularly in infrastructure and transportation. Given the similarities in policies and development orientations, Mr. Kow Juan Tiang expressed his hope that the two sides would have specific discussions on ways to enhance economic and trade cooperation between Singapore and Hai Phong.

Nam Tri Duc