Speaking at the seminar, Mr.Ho Ky Minh, Deputy Chairman of the city’s People’s Committee Ho Ky Minh, said the central coastal city of Da Nang commits to create smooth conditions and top priorities for Singapore’s investors in the fields of high-tech, information technology, renewable energy and high quality education.
Da Nang city has created flexible policies, good environment attracting foregin investors setting up companies. According to the city’s investment promotion centre, Da Nang has attracted 410 foreign direct investment (FDI) projects with total 3.7 billion USD and Singapore has been the biggest investor in Da Nang with 22 projects worth 782 million USD.
According to Mr.Ho Ky Minh, Da Nang city will continue to make a strong commitment in building available infrastructure, administrative reforms, preferential treatment and skilled labour, for wooing investors from Singapore. The city will also boost transparency and publicity in offering preferential favours, labour cost and investment fee for investors, he added.
Ms.Vu Thi Bich Thu, Head of the representative office of the Bank for Foreign Trade of Vietnam (Vietcombank) in Da Nang city, spoke at the seminar that Vietcombank in closely cooperation with Da Nang city’s authorities is looking to create favourable financial support for Singaporean investors launching investment projects in Da Nang.
Mr.Ricky Tan, CEO of Kinderworld Education Group, said Da Nang is a potential place for foreign investors in Vietnam, and the group expected to expand investment in Da Nang in the coming year. Kinderworld Education Group is the biggest Singaporean investor in the filed of education and training sector in Vietnam with investment of 40 million USD.
Based on the statistics of Da Nang city’s investment promotion centre, foreign-invested projects operating in the city earned a revenue of 766 million USD in 2015, of which 522 million USD was export turnover, creating over 48,000 jobs.
