A conference was held in Singapore on June 19 to call for investment to priority projects in Vietnam’s northern province of Thai Binh.

Workers at AIDI company in Thai Binh province. (Photo: VNA)

The projects cover infrastructure and industrial production; transport, especially seaports and transport networks in economic parks; services, restaurants, hotels and luxurious resorts; urban infrastructure; and high-tech agriculture. 

Dang Trong Thang, Vice Secretary of the Party Committee and Chairman of the People’s Committee of Thai Binh province, said the Prime Minister has agreed to establish the Thai Binh economic zone.

Calling on Singaporean businesses to invest in Thai Binh, he said the province pays special attention to attracting strategic investors and will create the best possible conditions for them to operate in the locality for a long term. 

Investors at the conference showed their interest in such areas as petro-chemistry and high-tech agriculture, and raised feasible proposals. 

Ahmad Magad, General Secretary of the Singapore Manufacturing Federation (SMF), said Thai Binh has substantial potential to attract investors and many Singaporean businesses have considered investing in the locality which is offering tax incentives at local economic parks. 

Within the framework of the conference, Thai Binh and the SMF signed a memorandum of understanding to promote cooperation opportunities in the time ahead. 

The conference was jointly held by Thai Binh province, the Vietnamese Embassy in Singapore and the SMF.

The SMF gathers 3,000 businesses that make up 20 percent of Singapore’s gross domestic product (GDP) and is an important partner of firms in Thai Binh and Vietnam in general.