Prime Minister Nguyen Xuan Phuc on June 14 called on CapitaLand, one of Asia’s largest real estate companies headquartered in Singapore, to invest in new technologies and create more added values in Vietnam, thus contributing to the country’s development as well as relations between Vietnam and Singapore.

Prime Minister Nguyen Xuan Phuc (right) and CapitaLand Chairman Ng Kee Choe

At a reception for CapitaLand Chairman Ng Kee Choe in Hanoi, the PM said Vietnam is pushing ahead with urbanisation and considered it one of the growth drivers.

Therefore, the group should create more added values and differences in the country to match the trends of the Fourth Industrial Revolution. 

Besides, CapitaLand’s projects should be green, clean, modern and environmentally friendly as Vietnam is one of the pioneering countries in developing green and smart cities, he added. 

PM Phuc suggested the group pay more attention to social housing and accommodations for the poor and workers, saying the Vietnamese Government always encourages and welcomes investors in this field. 

For his part, Ng Kee Choe affirmed that CapitaLand is resolved to run long-term business in Vietnam. 

CapitaLand will expand its operation in industrial and services areas, he said, stressing that the group will increase high-tech contents in its projects in Vietnam, and invest in smart city projects in the country in the time ahead. 

CapitaLand will consider investing in social housing and step up social welfare activities in Vietnam, the official added.