On October 3, Ho Chi Minh City (HCMC) expressed its strong commitment to bolster Singaporean investments during a significant meeting with a high-tech business delegation. The discussions are part of ongoing efforts to enhance economic ties and promote collaboration in innovative sectors.
The meeting was led by Mr. Vo Van Minh, who emphasized that the leadership of HCMC is committed to creating the best environment for both domestic and international investors, particularly those from Singapore. His invitation to the delegation to explore investment opportunities highlights the city’s recognition of Singapore’s status as a leading investor in Vietnam.
Among the attendees were notable figures such as Mr. Tran Phuoc Anh, the Vietnamese Ambassador to Singapore, and Mr. Cao Xuan Thang, a Trade Counselor, alongside other Singaporean business representatives. These key players are positioned to enhance trade partnerships between Vietnam and Singapore.
During the discussions, Chairman Vo Van Minh expressed enthusiasm for the visit, recognizing Singapore as a primary partner in investment for both Vietnam and HCMC. He mentioned the city’s ongoing initiatives aimed at innovation and the enhancement of human resources, with a special focus on attracting investment in high-tech and green industries.
Highlighting the importance of infrastructure, Mr. Minh pointed to significant projects such as the Bau Bang–Cai Mep railway and the development of Can Gio Port. These projects are essential for optimizing logistics and boosting export activities, which are vital for economic growth.
Mr. Vo Van Minh expressed optimism that future visits from the Singaporean delegation would lead to collaborative training programs aimed at developing HCMC’s workforce. He underscored the leadership’s unwavering support for Singaporean investors as well as for other foreign enterprises looking to invest in the city.
Professor Almegidl Mohammed Abdullah, the CEO of SABIC, conveyed his satisfaction with the opportunity to visit Vietnam. He emphasized the potential for cooperation in investment, trade promotion, and the development of supporting industries within the city, reinforcing Singapore’s position as a vital partner in HCMC’s economic landscape.
Furthermore, during the session, Singaporean businesses were briefed about HCMC’s investment climate by the HCMC Export Processing and Industrial Zones Authority. They received crucial insights into operations and policies focused on attracting investments in high-tech industries within the city’s industrial parks and export processing zones.
Of particular interest was the discussion around Resolution 98, which is set to be presented to the National Assembly. This resolution aims to create a special pilot mechanism for HCMC, providing a highly favorable framework for strategic investors to stimulate growth in high-tech industries and develop eco-friendly industrial parks.
In a show of commitment to fostering these economic ties, Mr. Vo Van Minh presented a souvenir to the delegation, marking the significance of the discussions and the potential for future collaboration.
Additionally, Mr. Tran Phuoc Anh, the Vietnamese Ambassador to Singapore, reiterated the embassy’s commitment to acting as a bridge for Singaporean businesses exploring opportunities in Vietnam, particularly in the high-tech sector. His remarks reinforced the collaborative spirit that is essential for nurturing high-quality human resources in HCMC.
In summary, the discussions between HCMC leaders and Singaporean businesses encapsulate a promising avenue for mutual growth and cooperation, fundamentally aimed at enhancing HCMC’s standing as a vibrant economic hub in the region.
By Phuong Le – Translated by Thuy Doan