Long An promotes cooperation with Singapore businesses

Vice Chairman of Long An Provincial People's Committee - Huynh Van Son affirms that Long An is always ready to create favorable conditions for Singapore businesses to expand investment in the province

Recently, Long An province has been proactively implementing many practical activities to further tighten cooperative relationships with Singaporean organizations and businesses to invite investment into the province. As a result, to date, Singapore is the leading country in FDI investment capital with more than 4 billion USD, accounting for 37% of the total FDI capital from 40 countries and territories investing in the province. This proves that Long An province is truly a leading and reliable destination for Singaporean investors.

According to Mr. Huynh Van Son, Long An has a very important strategic location, being the gateway connecting the Mekong Delta region with Ho Chi Minh City and the Southeast provinces, trading with Cambodia through the Binh Hiep International Border Gate, has great potential for sea transport with Long An International Port. These are the strengths for Long An to have breakthrough in development.

Delegates participating in the discussion

Based on those advantages, Long An's orientation in the coming period is to attract selective investment, aiming to develop the digital economy, green economy, circular economy, focusing on science, technology and innovation as foundation associated with environmental protection towards sustainable growth.

Based on the results and experience already gained, Long An hopes that Singaporean businesses will continue to research investment, promote the effectiveness of the model of Vietnam - Singapore industrial parks in a sustainable direction, and move towards forming new industrial zones. industrial - innovation - urban - service - high-tech ecosystem in the province.

Long An is always ready to create favorable conditions for Singaporean businesses to expand investment in the province

Long An welcomes and is ready to create favorable conditions for Singaporean businesses to expand investment, especially in priority areas and strengths of Singaporean businesses such as technological innovation, information technology, digital transformation; green energy conversion; industrial infrastructure, urban infrastructure; medical; processing industry, manufacturing, materials, electronics; financial market development; human resource training; entrepreneurship. Long An province commits to always accompany businesses, supporting investment projects to fully enjoy preferential policies according to regulations when implementing projects.

Mr. Roy Kho - Singapore Consul General in Ho Chi Minh City said that Singapore is one of the largest investors in Vietnam, with more than 3,000 projects with a total investment capital of more than 70 billion USD as of August 2023. In Long An, Singaporean businesses have been actively contributing to the socio-economic development and sustainable investment environment of the province.

Deputy Director of the Department of Planning and Investment - Tran Van Tuoi introduced the potential, strengths as well as the industries that Long An is attracting investment.

Leaders of Long An province and Vietnamese - Singaporean businesses take souvenir photos

On this occasion, the Singapore business community also shared its perspective on the investment environment in Long An. Accordingly, Long An is one of the most important and potential partners for Singapore businesses. Singaporean businesses appreciate the high determination of provincial leaders in managing socio-economic development, improving social life, and protecting the environment. In particular, Long An has applied many policies and projects to improve infrastructure, attract investment, enhance competitiveness, and encourage innovation. In the coming time, Singapore businesses will continue to learn and invest in the province, contributing to the sustainable economic development of Long An province.

Previously, Mr. Roy Kho - Consul General of Singapore in Ho Chi Minh City and Commercial Counselor, Head of the Vietnam Trade Office in Singapore - Cao Xuan Thang and the Singapore business delegation had a survey trip to Phu An Thanh Industrial Park, Ben Luc district./.

By Staffs - Translated by Q. Thien

Source: https://baolongan.vn/long-an-tiep-tuc-thuc-day-hop-tac-voi-doanh-nghiep-singapore-a167150.html