Provincial Party Secretary Thai Thanh Quy works with leaders of Sembcorp Group in Singapore

On the morning of February 25, on the occasion of the State visit of President Nguyen Xuan Phuc and his wife to Singapore, Comrade Thai Thanh Quy - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial National Assembly Delegation, Chairman of the Provincial People's Council worked with leaders of Sembcorp Group.

Receiving and working with the delegation, on the side of Sembcorp Group, there were: Kelvin Teo - CEO of Sembcorp Development and Chairman of VSIP Group; Koh Chiap Khiong - Managing Director of Singapore and Southeast Asia for energy; Anthony Tan - Senior Vice President in Vietnam for industrial park management, Deputy General Director of VSIP Binh Duong, General Director of VSIP Quang Ngai and Ms. Sharon Tay - Head of Renewable Energy Department of Sembcorp Industries in Vietnam. Also attending the meeting were General Director of VSIP Binh Duong Nguyen Phu Thinh and General Director of Becamex IDC Pham Ngoc Thuan.

On the morning of February 25, local time, President Nguyen Xuan Phuc received leaders of several leading Singaporean corporations in the fields of energy, urban development, real estate, and industrial park infrastructure. Photo: Vien Su

Singapore is currently one of the countries with the highest number of projects and registered capital in Vietnam. The Vietnam - Singapore Industrial Parks (VSIPs) invested by the joint venture between Sembcorp Group, Singapore and Becamex IDC Corp, Vietnam are one of the vivid and convincing evidences of investment cooperation between the two countries, contributing positively to the socio-economic development of Vietnam in recent times.

In 2015, VSIP invested in Nghe An Industrial, Urban and Service Park (VSIP Nghe An). Currently, Singapore is one of 14 countries and territories with investors in Nghe An and ranks 3rd in terms of capital, with 3 projects worth 203.39 million USD.

President Nguyen Xuan Phuc and high-ranking delegation received leaders of Sembcorp Group. Photo: Vien Su

At the invitation of President of the Republic of Singapore Halimah Yacob, on the afternoon of February 24, President Nguyen Xuan Phuc and his wife Tran Nguyet Thu led a high-ranking Vietnamese delegation to pay a State visit to Singapore from February 24-26.

This visit contributes to strengthening political trust, deepening the multi-faceted strategic partnership, and making the Vietnam-Singapore bilateral relationship more substantive and effective.

Comrade Thai Thanh Quy - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial National Assembly Delegation, Chairman of the People's Council of Nghe An province, along with leaders of a number of ministries, branches and localities accompanied President Nguyen Xuan Phuc and his wife during the visit.

At the meeting, Nghe An Provincial Party Secretary Thai Thanh Quy highly appreciated VSIP's investment results in Nghe An. This is a very important foundation for development, especially attracting investment. Throughout the process, Nghe An authorities have always stood side by side with VSIP to resolve related issues. It is expected that in the third quarter of 2022, VSIP Nghe An will complete phase 1 and begin investing in the urban area.

VSIP is also implementing the licensing procedures for the VSIP Nghe An II project in Tho Loc Industrial Park. The Secretary of Nghe An Provincial Party Committee hopes that VSIP II Industrial Park will soon be formed to attract strategic investors and large investors to Nghe An; at the same time, he emphasized that VSIP's industrial park construction model is a valuable experience for Nghe An in the process of building industrial parks and clusters in the province.

Provincial Party Secretary Thai Thanh Quy works with leaders of Sembcorp Development Group. Photo: Vien Su

Mr. Kelvin Teo - CEO of Sembcorp Development, and Chairman of VSIP Group, was pleased to welcome the leaders of Nghe An province to visit and work; at the same time, he discussed some upcoming orientations of the group, emphasizing the orientation of building VSIP's industrial, service and urban areas into places where green, smart and sustainable development elements converge. This model will be deployed at VSIP II Nghe An.

Along with attracting investors to Vietnam, VSIP also has a strategy of linking universities to train and improve the qualifications and quality of human resources; at the same time, attracting and encouraging local small and medium enterprises to participate in VSIP's ecosystem to create a foundation for sustainable development.

Talking with the leaders of Sembcorp Group, Nghe An Provincial Party Secretary Thai Thanh Quy highly agreed with the group's upcoming strategy of investing in green, smart, and sustainable industrial parks; this is consistent with Nghe An's sustainable development strategy and global trends.

Provincial Party Secretary Thai Thanh Quy talks with Mr. Kelvin Teo - CEO of Sembcorp Development and Chairman of VSIP Group. Photo: Vien Su

The Provincial Party Secretary also informed about some main features of the natural conditions, population, infrastructure development orientation, and administrative reform of the province. Nghe An is the hometown of President Ho Chi Minh; it has the largest area and the fourth largest population in the country. The Politburo issued Resolution No. 26 on building and developing Nghe An province; the National Assembly passed Resolution No. 36 on piloting some special mechanisms and policies for the province's development.

Along with that, the infrastructure in the province is increasingly complete, the North-South expressway, the section from Hanoi to Nghe An is expected to be completed in 2024. The province is also focusing on building a deep-water seaport that can accommodate 100,000-ton ships; opening a second runway, expanding the terminal, and adding a cargo terminal at Vinh International Airport. Along with that, Nghe An is focusing on promoting administrative reform in the direction of solving problems quickly, neatly, and effectively for investors.

On that basis, Provincial Party Secretary Thai Thanh Quy suggested that VSIP continue to closely coordinate with the provincial government to soon implement the VSIP Nghe An II Project to prepare infrastructure to attract secondary investors, especially large investors with clean technology and high technology in line with the orientation of VSIP and the province.

Provincial Party Secretary Thai Thanh Quy presents a souvenir to Mr. Kelvin Teo - CEO of Sembcorp Development and Chairman of VSIP Group. Photo: Thuc Tran

The head of Nghe An Provincial Party Committee also highly agrees with the viewpoint of Sembcorp Group's leaders on focusing on developing small and medium enterprises; affirming that this is a very important foundation for the province's economy. Currently, Nghe An is focusing and has its own strategy to care for the startup movement; thereby, hoping that VSIP will participate in developing the startup ecosystem, as well as developing small and medium enterprises in Nghe An.

Along with that, regarding VSIP's sustainable development strategy, Provincial Party Secretary Thai Thanh Quy suggested that the group choose Nghe An to form a human resource training center. In the spirit of Resolution No. 26, the Politburo determined to build Nghe An into an education and training center of the North Central region; at the same time, the area has 6 universities, dozens of colleges and vocational schools, which can meet the training needs of a highly skilled workforce.

Mr. Kelvin Teo - CEO of Sembcorp Development and Chairman of VSIP Group presented a souvenir to Provincial Party Secretary Thai Thanh Quy. Photo: Thuc Tran

The Secretary of the Nghe An Provincial Party Committee thanked Sembcorp Group of Singapore and Becamex IDC Corp of Vietnam for investing in the province, thereby making important contributions to the development, especially the industrial development of Nghe An; and hoped that the cooperative relationship between the parties would become increasingly close and more effective.

On this occasion, Provincial Party Secretary Thai Thanh Quy invited Mr. Kelvin Teo - CEO of Sembcorp Development, and Chairman of VSIP Group, as well as leaders of Sembcorp Group to visit Nghe An.

On behalf of the Group's leadership, Mr. Kelvin Teo expressed his confidence in the development of Vietnam in general and Nghe An in particular and affirmed that VSIP shares the vision, accompanies the development of the province, and creates jobs for local people. VSIP will closely coordinate with Nghe An province to implement projects in the area.

Provincial Party Secretary Thai Thanh Quy took a souvenir photo with leaders of Sembcorp Development Group. Photo: Thuc Tran

Mr. Kelvin Teo happily accepted the invitation to visit and work in Nghe An in the near future; at the same time, he expressed his very good impressions when working in Nghe An, especially Vinh City in the past.

Sembcorp Industries (SCI), headquartered in Singapore, is a leading urban development and energy solutions provider. SCI has been listed on the Singapore Exchange (SGX) since 1998. Since 1996, Sembcorp has been working with Becamex Binh Duong to drive Vietnam’s industrialization as a co-developer of VSIP industrial parks, townships and serviced apartments; and as a producer of energy from natural gas and solar energy. Sembcorp has also established a warehousing business in Vietnam and developed residential projects across the country.