VNExpress-Mar 11
Singaporean firms seek to expand their investment in Vietnam’s digital economy, circular economy, renewable energy, industrial parks, and green finance. To Lam, General Secretary of the Communist Party of Vietnam Central Committee, hosted receptions for representatives of outstanding enterprises in Singapore on Tuesday, as part of his ongoing visit to the-city state. Talking with Lim Boon Heng, Chairman of Temasek Holdings, Lam said Vietnam targets a growth rate of 8% or higher this year to pave the way for double-digit growth in the following years. To achieve this, he highlighted the priority to large-scale foreign direct investment projects to drive innovation and economic progress.
Vietnam pledges to support Temasek’s investments, ensuring a business climate conducive to the company’s success in the country, he said. Lim, for his part, outlined Temasek’s diverse investment portfolio covering a wide range of fields such as energy and resources, telecommunications and communications, financial services, real estate, infrastructure and logistics, food and beverages, biotechnology, and healthcare. He expressed his strong interest in expanding cooperation in renewable and green energy development in Vietnam. Meeting with Tow Heng Tan, Chairman of Sembcorp Industries, Lam said the Vietnamese Government is actively revising its power development plan to accelerate renewable energy adoption. Vietnam welcomes foreign enterprises, including Sembcorp, to invest in Vietnam’s power sector, especially in clean and renewable energy, and assures that the country would facilitate and support Sembcorp’s business operations for success and sustainable growth, the top leader said. For his part, Tow proposed a pilot policy for the Vietnam-Singapore Industrial Park model and expressed the firm’s strong interest in expanding its investments in Vietnam’s power sector, with a focus on renewable energy and gas turbines. Louis Lim, Chief Executive Officer of Real Estate Division of Keppel Corporation, affirmed that Keppel, which has been operating in Vietnam for over 30 years, wishes to continue long-term investment in the country. Read more at:
