The central province of Quang Binh held an investment promotion workshop for Singaporean investors last week.

Addressing the event, Chairman of the provincial People’s Committee Nguyen Huu Hoai outlined the province’s advantages and investment incentives in the fields of tourism, renewable energy, communications and transport.

The province is now home to over 440 investment projects, including 23 foreign-invested, with total registered capital of US$763 million, he said.

The province would facilitate investment in the above-mentioned fields, Hoai said, adding that it would also provide support for enterprises working on land clearance, labour training and infrastructure.

President of the Singapore Manufacturing Federation (SMF) Douglas Foo spoke highly of Viet Nam’s socio-economic development.

He said the SMF would to conduct more surveys and organise forums to promote exchanges of information between the two business communities to help Singaporean firms expand their investments in the province.

He expressed his belief that a memorandum of understanding between the SMF and Quang Bình Province would encourage Singaporean businesses to increase their investments in the locality.

Quang Binh officials also inked MoUs on co-operation with SOFOS Capital Management Pte Ltd and Kinder World Education Group of Singapore. — VNS