|
Singaporean investors doing well in Vietnam: Official
Singaporean investors are successful in Vietnam and seeking more opportunities despite the recession, a senior official from Sembcorp Industrial Parks said Tuesday.
Low Sin Leng, executive chairwoman of Sembcorp which operates the Vietnam Singapore Industrial Park in Binh Duong Province, said at a meeting with Singaporean Minister Mentor Lee Kuan Yew the company has invested in two projects in the province and plans to expand its business to the north.
Lee, a Former Prime Minister, initiated amilestone economic relationship between the two countries under which the Park (VSIP I) was set up.
Sembcorp joined hands with Becamex IDC to develop the 500-hectare park with support from the two governments in 1996 before setting up the 2,045 ha VSIP II ten years later.
Low said part of the profits from the two parks were reinvested into two other projects – one infrastructure and the other residential development – in Bac Ninh Province and Hai Phong City.
They are set to start operation in the third quarter, she said.
Singaporean investments play an important role in Binh Duong Province, the province’s Chairman Nguyen Hoang Son said.
In a meeting with the former prime minister also Tuesday, Son said he appreciated the support from the Singaporean government and investors in the province.
Its economy grew 14.8 percent, with average per capita income rising to US$1,400 compared to $1,000 for Hanoi and $2,500 for Ho Chi Minh City last year.
Lee appreciated the province’s efforts to improve people’s living conditions and asked local officials to work and catch up with neighboring HCMC in terms of income.
At his meeting with provincial authorities, he said Binh Duong’s master plan to become a central city was not a good idea since the plan had no clear measures to improve the lives of local residents.
Minh Quang
thanhnien
|
