Trade, investment promotion increased between Singapore and Vietnam’s Mekong River Delta

The 12 businesses of the delegation work in different areas, and include some big groups such as Sembcorp who is the investor of 7 Vietnam -Singapore Industrial Parks (VSIP) in Vietnam, or NTUC who is a retail trader of over 50% of Singapore’s market.

According to Truong Quang Hoai Nam, Deputy Chairman of the Can Tho city People’s Committee, this is a convenient chance for the two countries’ businesses to seek trade and investment cooperation, promoting Singapore’s investment into Vietnam, especially in Can Tho city and the Mekong River Delta region. He added that his city is calling on investment from Singapore in 3 industrial park infrastructure projects, an information and technology project, a logistics project and 11 real estate projects.

In Can Tho city, the Vietnam - Singapore Friendship Association, the Singapore International School, as well as 9 Singaporean businesses with an investment capital of nearly USD130 million, are operating efficiently. Additionally, nearly 30 local businesses are exporting goods to and importing goods from the Singaporean market, including rice, seafood, textile and garment, pharmacy, veterinary medicine, fertilizer, chemical, garment materials and machines, with total turnover of nearly USD25 million./.