Nam Dinh (VNA) – The northern province of Nam Dinh commits tocreating favourable conditions, simplifying administrative procedures, andproviding support in the framework of the State regulations for Singaporeaninvestors, Secretary of the provincial Party Committee Pham Gia Tuc has said.

Hosting a reception for a delegation from the Singapore Business Federation(SBF) on November 1, Tuc highlighted the success of businesses is the province’ssuccess, and said he considered foreign investors honourable citizens of thelocality.

Nam Dinh boasts huge potential to lure foreign investments thanksto its strategic position in the south of the Red River Delta, long coastalline, high-quality human resources, stable economic growth, competitiveproduction costs, and good transport infrastructure, he said. Large Singaporean groups are studying investment models in the province,including Vietnam – Singapore Industrial Park JSC and Sunrise Material Group.

Once the provincial master plan for the 2021-2030 period with a vision to 2050 getsapproval from the Prime Minister, it will help open up a new space for local economicdevelopment, with industrial parks and economic zones ready to serve the demandof investors.

Describing Singapore as an open economy with many global-scale cooperation agreements, Tucrecommends the SBF in Vietnam help Nam Dinh popularise its investmentclimate, and arrange visits to the locality for Singaporean firms.

He expressed his hope that Nam Dinh will receive more Singaporean investmentsin the fields of the province’s priorities such as infrastructure development atindustrial zones and clusters, engineering, electricity, electronics, IT, pharmaceuticals, and tourism development.

Director of the SBF in Vietnam Amy Wee said the federation has more than 29,000members, many of whom have shown interest in expanding operations inVietnam across the fields of production, education, health care and trade. Inthe past four years, it has supported more than 1,500 Singaporean enterprises to investand set up businesses in Vietnam, she added.

Impressed by Nam Dinh’s vibrant development, Amy Wee affirmed that thefederation will enhance popularisation of the province so that moreSingaporean corporations can gain insights into its business environment andpromote investments in the province./.