PORTAL - On the afternoon of May 18, at the Administrative Center of Binh Duong Province, Mr. Nguyen Van Loi - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial Delegation of National Assembly Deputies received the delegation of Sembcorp Group (Singapore) led by Mr. Wong Kim Yin - CEO of Sembcorp Group to pay a courtesy visit.
Accompanying him were Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee (PPC); leaders of departments, committees and branches.
Overview of the meeting
At the meeting, Secretary of the Provincial Party Committee Nguyen Van Loi informed about the situation of socio-economic development and investment attraction in the province. Specifically, accumulated to April 30, 2022, the province has 4,044 investment projects from 65 countries and territories with a total registered capital of 39.4 billion USD. Singapore is the third largest investor in Binh Duong with 275 projects and a total capital of 5.4 billion USD; investing mainly in the field of infrastructure development of industrial parks, production of electronic components, electrical equipment, production of pharmaceuticals, medical products and equipment, logistics and real estate, etc.
Secretary of the Provincial Party Committee Nguyen Van Loi presents a souvenir to Mr. Wong Kim Yin
The Secretary of the Provincial Party Committee emphasized that, since its establishment in 1996, the Vietnam - Singapore Industrial Park (VSIP) has become a good symbol of friendship and cooperation between the two countries Vietnam and Singapore through two partners, Becamex IDC Corp and Sembcorp Group. In Binh Duong, VSIP has greatly contributed to the development of the province and contributed to building the image of a dynamic and modern industrial development Binh Duong; at the same time creating jobs for thousands of workers.
In March 2022, Binh Duong held the groundbreaking ceremony of VSIP III with a total area of 1,000 hectares. VSIP III will focus on attracting projects that apply technology and innovation, aiming to develop into a green, smart and sustainable industrial park. Currently, a number of large corporations have been investing in VSIP III such as Lego Group, Pandora Group (Denmark).
Mr. Wong Kim Yin presents a souvenir to Secretary of the Provincial Party Committee Nguyen Van Loi
The Secretary thanked Sembcorp Group for accompanying Binh Duong to overcome difficulties to achieve success; especially with Singapore enterprises to actively support in the Covid-19 prevention and control. At the same time, he wished that Sembcorp Group and Becamex IDC Corp would continue to cooperate effectively in investment; VSIP model would be increasingly upgraded, expanded and developed.
Mr. Wong Kim Yin presents a souvenir to Chairman of the PPC Vo Van Minh
Mr. Wong Kim Yin expressed his joy and appreciation for the recovery and economic development of Binh Duong province after the Covid-19 pandemic. He said that Becamex IDC Corp is a great partner and the success of VSIP has become a symbol of good cooperation between Vietnam and Singapore. By focusing on developing renewable energy and integrated urban solutions, Sembcorp Group aims to transform its portfolio towards a greener future and become a leading supplier of sustainable solutions.
In the coming time, Semcrop Group and VSIP will continue to contribute to the growth of Binh Duong, helping people have a better life. Accordingly, investment capital will be mobilized in green fields, green technology, and next-generation, more sustainable manufacturers. In addition, investment in 4.0 technology application will be implemented at Eastern International University (EIU) with the desire to achieve the goal of attracting talents, creating high-quality human resources to meet development needs; engaged in production and business in smart factories.
Delegates take a souvenir photo
He thanked the provincial government for paying special attention and creating favorable conditions for Sembcorp to operate effectively and firmly over the years; at the same time affirmed that Binh Duong will be the Group's top investment priority and wished to continue to receive support from the province.
Reported by Doan Trang- Translated by Thanh Tam