Singaporean firms keen on Da Nang market

10:58 | 18/07/2016 Economy

A number of Singaporean firms have expressed their keen interest in investing in high technology in the central city of Da Nang – one of Vietnam’s most vibrant localities.

Singaporean firms keen on Da Nang market

Illustrative image (Source: VNA)

Speaking at a Da Nang investment promotion seminar held in Singapore last week, Executive Director of Singlarity consulting company Michael Dinh said its consumers and partners want to find out about information technology, clean energy and investment in Da Nang hi-tech park.

Ben Lim, Director of Singapore’s Shado International Group, said the company is running a project in the central province of Ha Tinh and plans to launch an electric bus service in Da Nang.

As a long-time investor in Vietnam, Chairman of the board of directors of Kinderworld Ricky Tan revealed that the group has decided to build an international-standard education-services complex on a 32ha site in the city.

As the 34 th member of the Association of International Educators, Kinderworld will bring more students from ASEAN, Singapore and the world to Da Nang, he said.

Addressing the event, Vice Chairman of the municipal People’s Committee Ho Ky Minh expressed the city’s commitment to attracting foreign investment in high technology, information technology, tourism, trade and logistics.

Singapore is currently Da Nang’s largest investor with 22 projects worth nearly 782 million USD, mostly in manufacturing, real estate, construction and education.

Questions regarding investment costs, incentives, infrastructure and labour have been answered.

Vu Thi Bich Thu, Vietcombank chief representative in Singapore, pledged all possible financial support for Singaporean investors operating in Da Nang.

The event attracted more than 70 delegates representing the Vietnam Chamber of Commerce in Singapore, the Singapore Business Federation, the International Enterprise Singapore, the Young Entrepreneurs Society of Singapore and a large number of investors./.


Source: VNA