Ho Chi Minh City hopes for Singapore investment in Thu Duc city

So said Nguyen Thanh Phong, Chairman of the Ho Chi Minh City People’s Committee, during his farewell reception for Ms Catherine Wong, Singaporean Ambassador to Vietnam, on January 6.

According to the Chairman, Singapore now ranks 1^st among countries and territories for the largest amount of investment capital in Ho Chi Minh city, with over USD11 billion and 1,370 projects.

He said that with the establishment of Thu Duc City, Ho Chi Minh City is giving priority to calling for investment in functional centers, including the financial center associated with Thu Thiem new urban area; Rach Chiec sports and health center; hi-tech production and application center; a center for science and technology education, training and research; Vietnam’s largest innovation startup center in Vietnam; the eco-technology center; Truong Tho urban area; and the logistics center.

Appreciating Ms Catherine Wong’s active contributions in promoting the Vietnam – Singapore strategic partnership and linking Singaporean investors and Ho Chi Minh City, Chairman Phong added that he hoped the Singaporean Ambassador would convey the invitation of Ho Chi Minh City to Singaporean businesses to explore investment opportunities in Ho Chi Minh City and Thu Duc City.

Expressing his thanks to the city for supporting her working term in Vietnam, Ms. Catherine Wong said she was pleased at Singapore’s becoming Vietnam’s largest foreign investor as of October 2020 despite the COVID-19 pandemic, confirming that in any position, she would continue to promote the Singapore – Vietnam strategic partnership, and call on Singaporean investors to invest in Ho Chi Minh and Thu Duc Cities./.