National Assembly Chairman Trần Thanh Mẫn (right) meets with CEO of Singapore’s Sembcorp Development Lee Ark Boon in Singapore on December 2. — VNA/VNS Photo Doãn Tấn

SINGAPORE — National Assembly (NA) Chairman Trần Thanh Mẫn on Monday received Lee Ark Boon, CEO of Singapore’s Sembcorp Development and Chairman of VSIP Group, as part of the top legislator’s ongoing official visit to Singapore.

The Vietnamese NA hailed Sembcorp’s investment in 18 Việt Nam-Singapore Industrial Park (VSIP) projects across 13 provinces and cities, which have created jobs for over 300,000 workers in Việt Nam. He described VSIP as an exemplary model of combining modern infrastructure development with effective foreign investment attraction.

Mẫn expressed his pleasure at the strong growth of the Việt Nam-Singapore strategic partnership with strengthened bilateral political trust and cooperation, particularly in economy and trade. He affirmed that Việt Nam highly values the presence of Singaporean businesses and showed his hope to continue cooperating with Sembcorp Group, focusing on projects involving the development of smart, modern, and sustainable industrial park infrastructure and the implementation of clean energy projects.

For his part, Lee said that Sembcorp has been operating in Việt Nam for 28 years and that VSIP has become a symbol of successful cooperation between Singapore and Việt Nam.

As a firm that is active Southeast Asia, Sembcorp found that the Vietnamese Government has created favourable conditions for businesses to invest and operate in the country, said Lee. He committed to continued strong investment in VSIP and other projects in different Vietnamese localities, with a focus on green and high-tech projects. He said he hopes for further support from Việt Nam, especially in developing new value chains for the group.

Welcoming Sembcorp’ss plans to expand investment and develop low-carbon and high-tech industrial park models in Việt Nam, Mẫn emphasised that this initiative aligns with Việt Nam's growth model shift toward industries with high added value and sustainability. The Vietnamese NA Chairman noted that Sembcorp’s investment expansion is in line with the priorities of both nations, pledging that Việt Nam will continue removing obstacles facing foreign investors, ensuring common development and contributing to Việt Nam's economic growth.

The Vietnamese NA will give optimal legal conditions for Singaporean investors, Mẫn said, noting that it has recently adopted several new laws and amendments related to land, real estate business, investment, finance, and budget regulations, aiming to remove bottlenecks and create a favourable environment for foreign investment attraction.

He vowed that the Vietnamese legislature will continue to accompany and back foreign investors and international groups to operate effectively and successfully in Việt Nam. — VNA/VNS