Leaders of Nghe An province visited and worked with the Vietnamese Embassy in Singapore

The working delegation included leaders of the Department of Foreign Affairs, the Southeast Economic Zone Management Board, the Department of Industry and Trade, the Department of Planning and Investment, leaders of VSIP Group, WHA and representatives of relevant agencies and units.

Welcoming the delegation was Comrade Mai Phuoc Dung, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Singapore.

At the meeting, Comrade Bui Dinh Long informed the Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam in Singapore about the socio-economic achievements of Nghe An province in recent times as well as the situation of Nghe An - Singapore cooperation.

Accordingly, in the past time, despite facing adverse impacts due to the rapid, complicated and unpredictable developments in the world's political, security and economic situation, the province has strived to overcome and achieved quite comprehensive results in all fields: The scale of the economy currently ranks 10th nationwide. Economic growth in 2022 reached 9.08%, ranking 22nd in the country; in the first 6 months of 2023, the province's economic growth reached 5.79%.

Total budget revenue in 2022 is estimated at VND 21,805 billion (equivalent to nearly USD 919 million); in the first 6 months of 2023, it is estimated to reach VND 8,489.4 billion (equivalent to nearly USD 358 million).

In 2022, FDI attraction will reach nearly 1 billion USD, ranking in the top 10 nationwide; In the first 6 months of 2023, FDI attraction of Nghe An province continues to be a bright spot, ranking 8th out of 63 localities nationwide.

Nghe An always considers Singapore as one of the most important partners for cooperation and development in the present and the future. The appearance of VSIP Industrial Park 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.

In Nghe An province, there are 7 FDI projects from Singapore with a total committed investment capital of 486.41 million USD in industries such as: Garment, electronic components manufacturing, telecommunications equipment... attracting more than 10,000 workers.

In terms of trade, export turnover to the Singapore market in 2022 reached 29.03 million USD, in the first 6 months of 2023 it reached 29.95 million USD. 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. Main import items include: Petroleum; machinery, equipment; textile, leather, footwear materials...

The Vice Chairman of the Provincial People's Committee hopes that in the coming time, the Vietnamese Embassy in Singapore will continue to pay attention to, support and promote the cooperative relationship between Nghe An province and Singapore not only in the field of investment attraction but also in other fields such as trade, education - training, tourism, etc.

Speaking at the meeting, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Singapore Mai Phuoc Dung acknowledged the achievements in economic and social development of Nghe An province and emphasized that the Vietnam-Singapore relationship is at its best stage ever. In the coming time, the two countries will upgrade their strategic partnership to a comprehensive partnership. With its potential, available advantages and the determination of the provincial leaders and agencies, Nghe An is truly an attractive destination for Singaporean investors. After only 7 years, 2 VSIP industrial parks have appeared in Nghe An, a clear demonstration of Nghe An's commitment to investors.

The Vietnamese Embassy in Singapore will support the province in connecting with Singaporean investors, especially in fields such as electronics, clean energy, afforestation... to turn the potential and advantages of Nghe An province into a driving force for development.

During the working program in Singapore, the Nghe An delegation will organize the Investment Promotion Workshop "Nghe An - a safe, reliable and effective destination"; visit the Singapore Manufacturing Federation, visit the City Planning Exhibition; work with the Enterprise Development Agency (under the Ministry of Industry and Trade of Singapore); visit and work with economic groups that have, are and will invest in Nghe An.