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The Vietnamese delegation at the forum in Singapore. — Photo VNA
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SINGAPORE (Biz Hub) — Singapore businesses showed their interest in Viet Nam's investment environment during an investment promotion forum in the city-state on April 28.
Representatives from 120 firms and foreign enterprises in the host country had a direct dialogue with Vietnamese Minister of Planning and Investment Bui Quang Vinh on Viet Nam's foreign investment attraction policies and opportunities.
Tan Soon Kim, Assistant Chief CEO of IE Singapore, said Viet Nam continues to attract Singapore companies, particularly to potential partnerships in infrastructure, manufacturing, consumption, health, education and training, telecommunication and logistics.
"Viet Nam is a land of opportunities. The economy is on the road towards recovery and Viet Nam's strong economic fundamentals make her a country that companies cannot afford to look," he said.
He stated that IE Singapore will strongly encourage businesses to look seriously in Viet Nam because it has very strong economic fundamentals, positive demographics, a lot of natural resources and a hard-working population.
"We would encourage our companies to work in Viet Nam and explore not only Hanoi and Ho Chi Minh City but other regions as well," he added.
According to Minister Vinh, Singapore is now Viet Nam's third largest foreign direct investment (FDI) partner with 1,258 valid projects valued at over US$30 billion.
Singapore's projects have greatly contributed to Viet Nam's socio-economic development, especially its economic restructuring, governance competence and labour training, he said.
Affirming that Viet Nam is drastically improving its investment environment to facilitate businesses' operations, the minister expressed his hope that Singaporean companies will increase investment in Viet Nam to make Singapore the largest foreign investor in the country.
At the forum, representatives from Kien Giang, Nghe An and Thanh Hoa provinces called on Singapore businesses to invest in their localities. — VNA/VNS