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Thai Binh seeks Singapore funds

Update: July, 04/2015 - 09:23

VNA/VNS Photo Hai Binh

SINGAPORE (VNS) — The northern province of Thai Binh is seeking foreign direct investment for hospitals, transport infrastructure, public-private partnerships, climate change prevention, natural gas and agricultural production.

Vice chairman of the provincial People's Committee Pham Van Ca delivered this message during an investment promotion conference in Singapore on Thursday. The event was part of a three-day trip made by provincial authorities to Singapore to promote the province's business climate and seek investment from Singaporean businesses.

Thai Binh's agriculture sector currently ranked first in the northern region. However, technical transfer, distribution and consumption of agricultural products remained the sector's weaknesses, Ca said, suggesting Singaporean investors to pump investment into the these reviewed areas that would help the province's agriculture sector ensure its sustainable development in the context of global economic integration.

Also at the conference, representatives from Singaporean companies asked Thai Binh leaders to point out incentive policies and the requirements needed to invest in the locality and in Viet Nam.

In his reply, Ca said that Thai Binh had established two centres to provide consultancy services for investors and help them access information related to administrative procedures and investment promotions in the locality.

Vietnamese Ambassador to Singapore Nguyen Tien Minh said that more and more Singaporean firms were looking at the Vietnamese market thanks to effective support from the two governments.

Thai Binh is now home to 41 foreign-invested projects with a combined investment capital of approximately US$400 million. This ranked the province 43rd among 63 cities and provinces in term of foreign investment attraction, according to the Foreign Investment Agency. — VNS

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