Singaporean Ambassador visits Dong Nai

02:08, 09/08/2005

(ĐN)- On August 6, Mr. Tan Seng Chye, the Singaporean Ambassador to Vietnam paid a visit to Dong Nai province. He was accompanied by Mr. Jimmy Chua, the Singaporean Consul General in Ho Chi Minh City.

Singaporean Ambassador Tan Seng Chye visiting the showroom of DIZA

 

(ĐN)- On August 6, Mr. Tan Seng Chye, the Singaporean Ambassador to Vietnam paid a visit to Dong Nai province. He was accompanied by Mr. Jimmy Chua, the Singaporean Consul General in Ho Chi Minh City . After paying a courtesy call on local government, the Singaporean Ambassador visited Dong Nai Industrial Zones Authority (DIZA).

“Dong Nai attracted 15 projects owned by Singaporean investors. Among these projects, 13 have come into operation and 2 are under construction. The investment was poured into the province with a total capital of US$ 485 million from Singaporean entrepreneurs. This figure accounted for 6% of total FDI in the whole province. These projects created many jobs for nearly 4,800 people.” said Deputy Head of DIZA Nguyen Thanh Van.

Van also took the opportunity to highlight the potentials of Dong Nai province in the economic and social development as well as investment incentives for stimulating FDI inflows to the province such as providing good infrastructure conditions and utility services at the industrial zones (IZs) for foreign investors; particularly, they enjoy lower lease fees when compared to other ones held leased land in another provinces and cities throughout the country; shortened time of project appraisal and granting investment licenses etc.

During the Singaporean Ambassador’s  trip to Dong Nai, he made time to visit some of industrial parks through the province including Bien Hoa 2, Amata, and Loteco and so on. He highly appreciated Dong Nai’s rapid economic growth and development of its IZs as well as the province owning great potentials for industrial development. Accordingly, these helped attracting the attention of foreign investors. Mr. Tan Seng Chye hoped that Economic Cooperation Programme was going to agree between Singapore and Vietnam that would encourage more investment from Singapore to Vietnam . He promised to provide necessary information and incentive investment policies in Dong Nai for Singaporean entrepreneurs who tend to invest in foreign countries. This also helped them making right decision when selecting a destination for their investment.     

Phuong Lieu