The working session was held on May 27 (Photo: VNA)
HCM City (VNA) - The Sembcorp Development company from Singapore has expressed intention to invest in a Vietnam-Singapore Innov☂ative Park in Ho Chi Minh City.
The firm’s general director Kelvin Teo discussed the plan with Chairman of HCM City’s People’s Committee Nguyen Thanh Phong during a working session on May 27.
The general director said the park will need about 50-100 hectares of land near the city’s centre, adding that it differs from other industrial🃏 zones in that it will have a commercial centre, research facilities and residential quarters to ensure quality living cওonditions for scientists and experts.
Once operational, it will attract investors and interdisciplinary experts from all over the world to develop new products, he said.
According to Chairman Nguyen Thanh Phong, the HCM City Hi-tech Park has sufficient conditions to meet Sembcorp Development’s requirements for the project.
He assigned the hi-tech park’s management board and relevant agencies to work with the Singaporean firm on land use procedures.
The city leader also expressed his hope that the firm will invest more in the development of renewable, wind and solar energies in the city.
So far, Sembcorp Development has poured 8.5 bill🥂ion USD into 7 projects in Vietnam, creating about 160,000 jobs.-VNA
Singapore has poured over 33 billion USD into numerous projects in Vietnam in processing technology, manufacturing, real estate, education and entertainment.
Prime Minister Nguyen Tan Dung and Singapore’s Minister for Trade and Industry Lim Hng Kiang launched an order to start construction of the seventh Vietnam Singapore Industrial Park (VSIP).
Industrial parks (IPs) have great potential for development in the domestic property market in the coming time, Savills Vietnam's recent report on industry zones said.
The Department for Economic Zones Management reported that during Q1, the country opened 305 industrial parks covering over 84,000 hectares and 16 economic zones covering 814,792 hectares of water and
Singapore invested in 50 new projects and increased investment capital to 23 existing projects with a total registered capital of over 730 million USD in the first four months of this year.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The working session was held on May 27 (Photo: VNA)
