Singapore promotes investment in Vietnam (11/29/2011 04:54:25)
Singaporean businesses are interested in investing in vietnam, said Raymond Lui, Director of the International Enterprise Singapore (IE Singapore) Centre in Hanoi.
Mr Raymon Lui - Centre Director (Hanoi) at International Enterprise Singapore
He said Vietnam’s orientation to the market economy, policies and investment climate inspired confidence in foreign investors, including Singaporeans.
Along with an increase in trade and investment between the two countries, Singapore understands the potential business benefits for Singaporean firms in Vietnam and is seeking opportunities for cooperation, Lui told Vietnam News Agency ahead of the Vietnam-Singapore business forum in Hanoi from Nov. 30-Dec. 2.
He noted that Singapore is one of Vietnam’s major trading partners and bilateral trade has quadrupled since 2000, to reach 10.1 billion USD in 2010.
Lui highlighted greater potential for bilateral cooperation, saying Singaporean and Vietnamese companies can cooperate in such fields as urban solutions and infrastructure, trade and services.
According to Lui, population is forecast to increase significantly in Vietnam’s major cities like Hanoi, Ho Chi Minh City and Hai Phong, leading to increased demand on water and wastewater management solutions.
With their development experience, Singapore companies could share and cooperate with Vietnam in these areas, he said.
In addition, Vietnam’s rapid industrialisation continues to contribute to economic connectivity, so the linkage through transport infrastructure will become important and Singapore firms will provide services from making plans for the country’s transport system for construction and management of the country’s transport projects, Lui said.
Vietnam’s trade and agricultural product exports are a major factor in the country's economic development, he said. Vietnamese exporters can take advantage of Singapore's position as a commercial and financial hub in Asia.
Vietnam and Singapore should work together to help farmers and exporters to protect their profits and manage risks relating to price fluctuations, he suggested.
He said he hopes trade and investment between Vietnam and Singapore will be increased through the upcoming business forum.
The Vietnamese Government has implemented steps to promote the private sector to become involved in the economy, Lui said, adding that this opens the door for Singaporean companies to consider cooperative opportunities with Vietnamese partners.
Source: Vietnam investmentReview
Keywords: investment in Vietnam
Binh Duong BIDV cooperate with Becamex IDC for deployment of Becamex Social Housing Construction Project (09/28/2011 11:47:24)
In order to speed up the deployment, implementation of Becamex social housing project in Binh Duong, Bank for Investment and Development of Vietnam (BIDV)- Binh Duong Branch and Industrial Development and Investment Corporation- One Member Company Limited (Becamex IDC) has signed an agreement on comprehensive cooperation, period 2011-2015 and deployed credit program for the social housing project in Binh Duong province.
Becamex Social Housing Project, Phase 2011 – 2015 (07/06/2011 11:49:00)
Afternoon July 5, at office of Provincial People’s Committee, Chairman of the Provincial People’s Committee Le Thanh Cung and Vice Chairman Tran Thanh Liem chaired the meeting with Becamex IDC to present Becamex Social Housing Project for phase 2011-2015. The meeting had the participation of relevant departments, sectors and project client.
Bangkok Bank and 37 Thailand Enterprises Seek Investment Opportunities in Binh Duong (04/08/2011 04:02:07)
On April 7, 2011 Senior Vice-President of Bangkok Bank – Mr. Tharabodee Serng-Adichaiwit with 37 Thailand investors came to Binh Duong to learn about investment opportunities. The corps had a business meeting with Becamex IDC Corp, visited My Phuoc, Bau Bang industrial zones, Binh Duong Industry-Services Combined Area and met Vietnamese partners in the New City Binh Duong.
Binh Duong Has Invested More Than VND 4,000 Billion Into Building Water-pipe Route from Phuoc Hoa Reservoir (11/12/2009 05:15:29)
TTDT - On the morning of November 5th, 2009, at the Meeting Hall C of the Provincial People’s Committee, the provincial Chairman Nguyen Hoang Son chaired the meeting in which the Chairman and Vice-chairmen heard Binh Duong Water Supply - Sewerage - Environment Co., Ltd report the location of water-pipe route, reservoir and water treatment plants under the project of irrigating raw water originated from Phuoc Hoa Reservoir.
Binh Duong Signed The Contract Worth Over USD 1,000,000 to Renovate Thu Dau Mot Town (11/16/2009 06:51:40)
Yesterday (13th November), on the occasion of the official visit to Vietnam of the France Prime Minister François Fillon, the Vietnam-France Business Forum held in Hanoi witnessed the ceremony of signing contract on urbanization and transport network planning for Thu Dau Mot Town between Binh Duong Province and AREP Ville Corporation (France) under the presence of the France Prime Minister François Fillon and the Vietnamese Standing Deputy Prime Minister Nguyen Sinh Hung.
