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Wednesday, July 17, 2024

HCMC calls for Singapore investment in major projects

The Saigon Times

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HCMC – HCMC called on Singaporean investors to invest in the city’s priority projects such as HCMC – Moc Bai Expressway, Beltway No. 4, and Metro line 3A-3B-4, reported the local media.

At a conference on investment and trade opportunities for Vietnam and Singapore enterprises held by the HCMC Investment and Trade Promotion Center on March 9, the city said Singaporean investors could get involved in its major projects.

Infrastructure projects include HCMC – Moc Bai expressway at an estimated cost of VND15,900 billion, Can Gio bridge at merely VND10,000 billion, Beltway No. 4 at around VND19,200 billion and ICD Long Binh port at roughly VND6,000 billion.

By January, Singapore had ranked second among 140 countries and territories investing in Vietnam with total pledged capital of nearly US$72 billion. Of which, HCMC received the largest FDI amount from the Singaporean investors with over 1,677 projects worth a total of US$14 billion being implemented.

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