Binh Duong wants to actively cooperate with SCCCI

Early March 10, provincial People's Committee, the Vietnam Trade Office in Singapore, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) jointly organized an investment and trade promotion conference with Singaporean partners. The conference was co-chaired by Nguyen Van Danh, Vice- Chairman of provincial People's Committee; Cao Xuan Thang, First Secretary in charge of Trade of the Vietnamese Embassy in Singapore and Kho Choon Keng, Chairman of SCCCI.

At the conference, Mr. Thang introduced potential and opportunities for industrial, commercial and service investment cooperation from Singapore to Vietnam; opportunities and business benefits that the two countries can take advantage of from their free trade agreements.

Addressing the conference, Mr. Danh affirmed that Binh Duong province wanted to actively cooperate with SCCCI, the Trade Office of the Vietnamese Embassy in Singapore, the Consulate General of Singapore in Ho Chi Minh city and investors. Singapore supports the province in calling for investment in high-tech industries that are less labor-intensive and environment-friendly, creating high added value; financial, logistic services; auxiliary industries, high-tech agriculture, especially attracting investment in science and technology industrial parks on the basis of industry 4.0 from developed countries, the world's leading potential partners, including Singaporean ones.

It is known that SCCCI is a large and reputable organization in Singapore, with about 5,000 member businesses and more than 160 members who are trade associations, representing more than 40,000 companies (consisting of large-scale multinational enterprises, small and medium-sized ones) operating in both industrial and commercial sectors. SCCCI's activities attract the participation of many Singaporean enterprises.

In Binh Duong, Singapore is currently ranked 3rd among 65 countries and territories with investment capital in the province, with 278 projects capitalized at nearly US$ 6 billion.                                         

Reported by Tieu My-Translated by Kim Tin