HCMC – A number of Singaporean businesses have demonstrated keen interest in investing in the Mekong Delta province of Long An, particularly in the fields of logistics and digital transformation, the two sectors identified by the local government as key areas for attracting investment in the coming years.
During a forum held on November 29 to foster collaboration between Long An Province and Singaporean businesses, Huynh Van Son, vice chairman of the province, highlighted the alignment between the efforts of Singaporean companies and Long An’s strategic direction for targeted investments.
The province’s primary focus revolves around advancing the digital economy, promoting a green economy, and embracing a circular economy.
Long An has identified science, technology, and innovation as the cornerstones of its development strategy, with a strong emphasis on environmental protection to achieve long-term and sustainable economic growth.
The local government is actively encouraging Singaporean businesses to maintain and expand their investments in the Vietnam-Singapore industrial parks, with the goal of fostering sustainable growth through these endeavors.
Son said, “Long An is committed to creating favorable conditions for Singaporean businesses to expand their investments, especially in the fields of digital transformation and the transition to green energy.”
To facilitate the issuance of investment certificates for businesses, he said Long An has successfully reduced the processing time to a maximum of three days.
Singapore currently takes the lead in terms of foreign direct investment (FDI) in Long An Province with total pledged capital of over US$4 billion, accounting for 37% of the total investment received by the province from 40 countries and territories.
