By Dylan Loh |
Posted: 26 April 2012 1820 hrs
BINH DUONG PROVINCE,
Vietnam: Singapore's four joint industrial parks in Vietnam have pulled
investments worth some US$5.3 billion since the first one started in
1996.
Per hectare, the parks now attract US$6 million in investments, nearly twice higher than the national average of US$3.5 million.
Singapore's President Tony Tan Keng Yam was given this update as he toured developments outside Ho Chi Minh City on Thursday.
The developments are largely influenced by Singapore's urban planning model.
President
Tan visited the second joint industrial park to be established, where
87 companies currently operate and employ 26,000 workers.
The companies cover sectors such as furniture, food and electronics.
"We
have built a very, very, good flagship to symbolise the close
cooperation between Singapore and Vietnam. And we like to think that, in
a way, maybe a small way, we help to enhance the close economic, social
and political cooperation and warm relationship," co-chair of the
Vietnam-Singapore Industrial Park Group Low Sin Leng said.
Co-chairman
of the Vietnam Singapore Industrial Park Group and Chief Executive of
Becamex IDC Corp, Nguyen Van Hung, said they aim to create an
environment to support investors and contribute to Vietnam's long-term
development.
Approximately 110,000 jobs have been created as a result of the collaboration.
- CNA/fa
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