Speaking at the event, Chairman of the provincial People’s Committee Nguyen Huu Hoai gave participants details of Quang Binh’s advantages and investment incentives in spearhead economic fields such as tourism, renewable energy, communications, and transport.
Hoai highlighted Quang Binh’s 116km of coastline with many nice beaches. It has the World Natural Heritage Site Phong Nha-Ke Bang National Park, which covers 120,000ha of primeval forest and nearly 400 caves, including those ranked among the world’s most magnificent caves, such as Son Doong, Phong Nha, and Thien Duong.
The locality is in a strategic position in the East-West Economic Corridor, serving as an important gateway for trade links between Vietnam and Laos, Thailand, Myanmar, and other countries in the region.
Quang Binh is now home to over 440 investment projects, including 23 foreign-invested projects with a total registered capital of US$763 million, he noted.
The province will apply the highest incentive level for investment projects in desired fields, Hoai said, adding that it will also provide other support for enterprises related to land clearance, labour training, and infrastructure construction.
In his speech, President of the Singapore Manufacturing Federation (SMF) Douglas Foo praised Vietnam’s socio-economic development achievements in recent years.
He said 2018 would mark an important milestone in the strategic cooperation between Singapore and Vietnam as the two countries are celebrating the 45th founding anniversary of diplomatic ties.
SMF will work to conduct more surveys and organise forums to promote the exchange of information between the two countries’ enterprises, thus supporting Singaporean firms in expanding their investment in Vietnam’s provinces and cities, including Quang Binh.
He expressed his belief that the memorandum of understanding on cooperation between the SMF and Quang Binh will enable Singaporean businesses and investors to further increase their investments in the province.
At the event, Quang Binh’s officials signed MoUs on cooperation with the SMF, SOFOS Capital Management Pte Ltd, and Kinder World Education Group of Singapore.