Attending were Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee (PPC); Mr. Nguyen Van Danh - Vice Chairman of PPC; Mr. Kho Choon Keng - President of Singapore Chinese Chamber of Commerce & Industry (SCCCI); Mr. Cao Xuan Thang - First Secretary, in charge of Trade, Embassy of Vietnam in Singapore; leaders of provincial departments, committees and branches together with representatives of Singaporean enterprises and trade associations and Binh Duong province's enterprises.
The PPC Chairman Vo Van Minh discusses with SCCCI leaders
According to statistics, Singapore is currently the second largest investor out of 141 countries and territories investing in Vietnam, with more than 3,000 projects and a total investment capital of 70 billion USD. Particularly in Binh Duong province, Singapore is currently ranked 3rd out of 65 countries and territories with 277 projects and total investment capital of more than 5.4 billion USD. The program was organized to help Singaporean enterprises get more information about the socio-economic situation, industrial, commercial, service development projects, construction planning, urban development of Binh Duong and connection with enterprises in the province. Thereby continuing to promote Singaporean investment in Binh Duong in potential and advantageous fields.
Vice Chairman of the PPC Nguyen Van Danh speaks at the Program
Speaking at the program, Vice Chairman of the PPC Nguyen Van Danh said that Binh Duong province is considered as one of the leading provinces and cities nationwide in terms of socio-economic development and the speed of attracting foreign direct investment (FDI). Particularly in the first 2 months of 2023, the province has attracted 338 million USD in FDI. Accumulated to February 28, 2023, the province has 4,092 investment projects from 65 countries and territories with a total registered capital of 39.73 billion USD. Binh Duong is currently ranked 2nd in the country in terms of attracting foreign investment capital, after Ho Chi Minh City. The province's import and export turnover in 2022 reached 61.5 billion USD, with a trade surplus of nearly 10 billion USD.
Besides promoting socio-economic development, Binh Duong also actively expands bilateral and multilateral cooperation in many fields. Up to now, Binh Duong province has established bilateral cooperation relationships with 11 foreign provinces and cities and has become an official member and reliable partner of 03 international organizations, including: Intelligent Community Forum (ICF), Horasis Asia Meeting and World Trade Center Association (WTCA).
With appropriate development orientation and efforts in building and deploying the Binh Duong Smart City Project, Binh Duong Innovation Region, especially the Science and Technology Industrial Park project with a vision to become the innovation center of the Southern Key Economic Region, Binh Duong province has achieved some very encouraging results. Binh Duong is also the first locality in Vietnam to officially become a member of the Intelligent Community Forum (ICF). For 5 consecutive years from 2019 to 2023, Binh Duong has been honored by ICF as one of 21 cities and regions with typical smart city development strategies of the world (SMART 21) and honored as TOP7 ICF, becoming one of 07 communities with typical smart city development strategies in the world for 02 consecutive years from 2021 to 2022.
Overview of the Trade and Investment Promotion with Singaporean partners
Vice Chairman of the PPC emphasized that Binh Duong province is looking forward to receiving active cooperation from SCCI, Trade Office of the Vietnamese Embassy in Singapore, Consulate General of Singapore in Ho Chi Minh City and Singaporean investors to support the province in calling for investment attraction in high-tech, environmentally friendly, less labor-intensive industries, creating high added value; financial and logistics services; supporting industries, high-tech agriculture and especially attracting investment in the Science and Technology Industrial Park on the basis of Industry 4.0 from developed countries, the world's leading potential partners with modern management level, including Singaporean partners.
Mr. Kho Choon Keng – SCCCI President speaks
Thanks to Binh Duong province's thoughtful and warm welcome, Mr. Kho Choon Keng – the SCCCI President said that the Program has special meaning on the occasion of the 50th anniversary of diplomatic relations and the 10th anniversary of the strategic partnership between Vietnam and Singapore and is a great opportunity to connect enterprises between the two sides. Singaporean enterprises highly appreciate the socio-economic development and investment environment of Binh Duong. In which, the Vietnam - Singapore Industrial Parks (VSIP) have demonstrated the solidity and long-term relationship between Singapore and Vietnam in general, and Binh Duong province in particular. The companies participating in the program are reputable and capable enterprises, ready to cooperate with Binh Duong partners. The SCCCI will support members to promote and tighten business activities in Binh Duong.
Singaporean and Binh Duong enterprises exchange at the Program
At the program, Singaporean enterprises and trade associations and enterprises in Binh Duong province exchanged and connected to seek investment cooperation opportunities in the fields of: Medical, healthcare, building materials, apparel, woodworking and furniture, smart traffic management applications, logistics, etc.
Binh Duong provincial leaders hoped that Singaporean investors, enterprises and entrepreneurs will continue to explore investment opportunities and have plans to cooperate in potentials, advantages and areas that Binh Duong province prioritizes to attract investment in the near future. Binh Duong provincial Government committed to continue focusing on improving the investment environment, enhancing competitiveness and promoting support for the development of investment enterprises in the province in general, and Singaporean investors in particular.
Delegates give each other gifts and take a souvenir photo
Reported by Phuong Chi- Translated by Thanh Tam