The Vietnamese Government seeks to create favourable conditions for Singaporean businesses to invest in Viet Nam, particularly in building Da Nang's Hi-tech Park, recently said Prime Minister Nguyen Xuan Phuc.

Prime Minister Nguyen Xuan Phuc (3rd, left, first row) and Singaporean investors — VNA/VNS Photo

Meeting Singaporean investors led by Singapore Manufacturing Federation president Douglas Foo in Ha Noi, Phuc highlighted the Viet Nam-Singapore strategic partnership, saying that the bilateral relations are growing fruitfully, boosted by a strong surge in Singapore’s foreign direct investment flow into Viet Nam.

Foo said he was impressed at Da Nang’s rapid development, saying that the city has the potential to become a second Singapore in the future.

He suggested Da Nang build a ‘garden city’ to attract tourists, adding that the city can become the world’s exhibition and conference centre. He also shared his country’s experience in green construction and design.

Singaporean investors expressed their wish to pour investments into Da Nang, and Viet Nam as a whole, in electronics and semiconductor manufacturing, in which the 2 countries has huge development potential and strengths.

Phuc welcomed the investment plans of Singaporean firms, saying that he has assigned the Da Nang People’s Committee to review Singapore’s proposals and report to the Government.

(Source: VNS/ DA NANG Today)