Nghe An awarded investment certificate for 45 million USD project from Singapore

At the ceremony, Mr. Bui Dinh Long - Vice Chairman of Nghe An Provincial People's Committee presented the investment certificate to Mr. Lim Han Ren - CEO of Soilbuild Group.

Comrade Bui Dinh Long presented the investment certificate to Mr. Lim Han Ren - CEO of Soilbuild Group.

The project has a scale of 45 million USD and is implemented by one of Singapore's leading construction and infrastructure development corporations. The project's goal is to develop a system of ready-built factories and offices for lease according to green standards at WHA Industrial Zone 1 - Nghe An.

Nghe An province considers Singapore as one of the most important partners for cooperation and development in the present and the future. The appearance of Vietnam – Singapore Industrial Park 7 in Nghe An (VSIP) is one of the vivid and convincing evidences of investment cooperation between the two countries, contributing positively to the socio-economic development of Nghe An province in recent times.

A corner of WHA Industrial Zone 1-Nghe An located in the Southeast Economic Zone. Photo courtesy

Currently, in Nghe An province, there are 124 projects of investors from 14 countries and territories, with a total registered capital of about 3.3 billion USD, including 07 projects with FDI capital from Singapore with a total committed investment capital of 486.41 million USD in industries such as: Garment, electronic components manufacturing, telecommunications equipment... attracting about more than 10,000 workers.

Export turnover from Nghe An to the Singapore market in 2022 reached 29.03 million USD, in the first 6 months of 2023 it reached 29.95 million USD. The main export items include: Equipment, components, electronics; corrugated iron, steel of all kinds; textiles; paving stones... Import turnover in 2022 reached 56.7 million USD, in the first 6 months of 2023 it reached 58.78 million USD. The main import items include: Petroleum; machinery, equipment; textile, leather, footwear materials...

Source: https://baonghean.vn/nghe-an-trao-chung-nhan-dau-tu-du-an-45-trieu-usd-tu-singapore-post275972.html