Singaporean President Halimah Yacob visits VSIP Bac Ninh

President Halimah Yacob (5th position from the left) and Provincial Party Secretary Nguyen Anh Tuan (3rd position from the right) and Chairwoman of the Provincial People's Committee Nguyen Huong Giang (4th position from left) visit the model table of VSIP Bac Ninh.

Welcoming the Delegation were Mr. Nguyen Anh Tuan, Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial Delegation of National Assembly Deputies; Ms. Nguyen Huong Giang, Deputy Secretary of the Provincial Party Committee, Chairwoman of the Provincial People's Committee.

In his welcome speech, Tuan said the Singaporean President’s visit takes place at a time when the two countries are looking towards the 50th anniversary of diplomatic ties and the 10th anniversary of their bilateral strategic partnership next year.

At the working session, Secretary of the provincial Party Committee Nguyen Anh Tuan said with a favourable geopolitical position and business environment, Bac Ninh has attracted nearly 1,800 foreign-invested projects worth over 2.29 billion USD from 38 countries and territories. It is now home to 16 industrial parks, two of which are invested by VSIP. Singapore is now the third biggest investor in Bac Ninh with over 55 project valued at 1.98 billion USD, or 8.65% of the total foreign direct investment in the province, mostly in manufacturing and processing, hi-tech, clean and eco-friendly technology, industrial and urban infrastructure.

Tuan also asked the Singaporean President to support activities at VSIP Bac Ninh, make it easier for Singaporean investors and firms to continue doing business in the province in the near future.

At the meeting, the representative from VSIP Group introduced about industrial park - urban infrastructure projects in Vietnam. In Bac Ninh province, VSIP invests in VSIP Bac Ninh in Tu Son city and VSIP Bac Ninh II in Yen Phong district. Among which, VSIP Bac Ninh is a modern urban-industrial complex with a total area of 700 hectares. After 15 years of operation, the Industrial Park attracted 125 secondary projects with a total investment of USD 2.5 billion, creating jobs for nearly 40,000 workers.

President Halimah Yacob highly appreciated the development of VSIP Group in Vietnam and discussed with representatives of VSIP Group its projects in Vietnam, including those in Bac Ninh, its development orientations, and the role of local authorities in the development of projects in industrial parks.

On this occasion, Singaporean President Halimah Yacob and the high-ranking delegation visited VSIP Bac Ninh.