At the meeting, Mr. Jaya Ratnam affirmed that Binh Duong is always an important strategic partner of Singapore. Singaporean investment in Binh Duong is increasingly making a significant mark. Notably, the Viet Nam - Singapore Industrial Park (VSIP) stands as a symbol of friendship and strong ties in the economic development of Vietnam and Singapore.
Overview of the meeting
After more than 28 years of formation and development, there are currently 18 Viet Nam Singapore Industrial Park and Township (VSIP) projects (with a total scale of over 10,000 hectares) bearing the VSIP brand across various provinces and cities throughout Viet Nam. VSIP has become an exemplary model for integrated industrial park development both domestically and internationally.
Mr. Vo Van Minh - Chairman of the PPC expressed gratitude to His Excellency Jaya Ratnam for his consistent affection for Binh Duong over the past period. The Chairman of the PPC stated that Singapore currently ranks third among 65 countries and territories with investment projects in Binh Duong, comprising 327 investment projects with a total capital of nearly 5.94 billion USD.
Mr. Vo Van Minh - Chairman of the PPC (right side) receives Mr. Jaya Ratnam - Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore
The Provincial People's Committee Chairman committed to creating all favorable conditions for Singaporean enterprises to successfully invest in Binh Duong. The provincial government will introduce solutions to address current bottlenecks in VSIP Industrial Parks to attract more investors and expedite the construction progress of VSIP 4 Industrial Park in Phu Giao, expected to commence in August 2025.
Mr. Vo Van Minh - Chairman of the PPC, expressed his hope that, in his official capacity, the Ambassador would continue to pay attention to and introduce more potential Singaporean businesses to explore investment opportunities in Binh Duong. In particular, he would support and facilitate Singaporean universities in opening branch campuses and establishing partnerships with universities in Binh Duong.
Chairman of the PPC Vo Van Minh presents a souvenir to Mr. Jaya Ratnam - Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore
Mr. Jaya Ratnam expressed his confidence that in the coming time, the cooperative relationship between Binh Duong and Singapore will continue to make even greater strides, especially in the areas of building an innovation region, smart city development, industrial and urban infrastructure investment, services, and high-quality human resource training to meet the development needs of the province and investing enterprises.
Delegates take a group photo