Expectations from Singaporean businesses

On May 28, in Singapore, Khanh Hoa Provincial People's Committee organized the Khanh Hoa - Singapore Investment Promotion Conference 2025. Mr. Nguyen Tan Tuan - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, Secretary of the Provincial People's Committee Party Committee; Mr. Tran Phuoc Anh - Vietnamese Ambassador to Singapore; Mr. Lu Thanh Hai - Member of the Provincial Party Committee Standing Committee, Secretary of Cam Ranh City Party Committee; Mr. Lennon Tan - Chairman of the Singapore Manufacturing Federation (SMF); leaders of agencies, departments, branches, and more than 250 enterprises of the two countries attended the conference.

Will create great advantages after merging provinces

According to the Provincial People's Committee, based on the Central Government's decision, Khanh Hoa and Ninh Thuan provinces will soon merge. Accordingly, Khanh Hoa province (new) has a natural area of ​​more than 8,555km² and the longest coastline in Vietnam; population size is about 2.2 million people. The merger of Khanh Hoa and Ninh Thuan creates a strong coastal economic zone with many outstanding development potentials. Khanh Hoa owns a deep-water seaport, international airport and developed tourism infrastructure, while Ninh Thuan has advantages in renewable energy (wind power, solar power) and clean agriculture. This combination will create favorable conditions for comprehensive development of industry, logistics, tourism and energy, while increasing the ability to attract investment and expand the labor market, contributing to promoting sustainable development in the South Central region.

Representatives of businesses from the two countries took souvenir photos with delegates attending the conference.

Mr. Chau Ngo Anh Nhan - Director of the Department of Finance affirmed that Khanh Hoa has enough room to decide on development in the next 5 years. According to the draft document of the Provincial Party Congress after the merger, the expected growth rate during the term is expected to increase by double digits. The total non-social investment is more than 48 billion USD, equivalent to 1,200 trillion VND (twice as high as the orientation of Resolution 09 of the Politburo , which is to reach 664 trillion VND, about 26 billion USD by 2030). Khanh Hoa has been building an investment ecosystem in the spirit of ensuring the principle of synchronization, continuity and ensuring unity and interconnectivity between 4 groups of practical solutions including: Policy, tools, management, and companionship. This is the province's strong commitment to creating an open, effective and trustworthy investment environment.

With its outstanding advantages, Khanh Hoa is looking forward to a decade of outstanding development and in this journey, Singapore is identified as one of the reliable partners. If Singaporean investors cooperate and invest in Khanh Hoa, it will create strong business opportunities, and can find an attractive balance between work and life. This combination brings great opportunities for Singaporean enterprises to invest in logistics, tourism, energy, aquaculture, industrial development,education , etc.

Speaking at the conference, Vietnamese Ambassador to Singapore Tran Phuoc Anh pledged: “Khanh Hoa is embarking on a transformation journey when merging with Ninh Thuan province. This strategic merger will create a new, larger Khanh Hoa province. Khanh Hoa has a deep-water seaport, an international airport and a well-developed tourism infrastructure, complemented by Ninh Thuan’s advantages in renewable energy and clean agriculture. This combination brings great opportunities for businesses to invest in logistics, tourism, energy, aquaculture, industrial development and education. The Vietnamese Embassy in Singapore is always ready to support Singaporean businesses to learn about and invest in Khanh Hoa.”

Looking for investors in energy and high technology

At the investment promotion conference, the Provincial People's Committee hopes to exchange, discuss and seek investment cooperation opportunities with Singaporean partners and enterprises in the following areas: Smart urban development and synchronous technical infrastructure; logistics and seaport services; high technology, artificial intelligence, digital economy; renewable energy. In addition, developing high-quality services (tourism, education, healthcare) and cooperating with Singaporean investment funds.

Conference scene.

Chairman of the Provincial People's Committee Nguyen Tan Tuan believes that with the superior strengths in technology, finance, and management experience of Singaporean partners, when combined with the potential, unique advantages, and increasingly attractive investment environment of Khanh Hoa, it will bring great efficiency and benefits to both sides. This cooperation will not only contribute to promoting the socio-economic development of Khanh Hoa, but also deepen the comprehensive strategic partnership between Vietnam and Singapore in general, as well as the good cooperative relationship between Khanh Hoa province and Singaporean partners in particular. “Khanh Hoa province is always committed to and open to welcome Singaporean enterprises. Our consistent view is that "Local authorities always accompany the development of investors and enterprises". With the aspiration for rapid and sustainable development, Khanh Hoa identifies the key driving force as relying on science and technology, innovation, green transformation associated with digital transformation, while making breakthroughs in development orientation and ensuring harmony between economic development and preserving cultural values ​​and protecting the environment" - Chairman of the Provincial People's Committee Nguyen Tan Tuan emphasized.

To help Singaporean and Khanh Hoa enterprises see more clearly the investment and cooperation opportunities, the conference held an in-depth discussion with the theme: Green transformation, renewable energy and high-tech industry. Speaking at the conference, Mr. Cyril Dissescou - CEO of Nexif Ratch Energy (a Singaporean enterprise with a project in Khanh Hoa) commented that with a coastline of more than 385km, adjacent to a sea area with strong and stable wind potential, it is very suitable for developing onshore wind power. In addition, the tropical climate with lots of sunshine and high solar radiation also creates favorable conditions for solar power projects. In particular, Khanh Hoa province will soon merge with Ninh Thuan province, which is a huge advantage in energy development for Singaporean enterprises. Khanh Hoa will certainly become an important renewable energy center not only in Vietnam, but also in Southeast Asia.

Mr. Le Hong Phuong - Deputy Head of Van Phong Economic Zone Management Board also said that Singaporean technology corporations have a lot of experience and capacity in the technology field. In particular, fields such as electronics, automation, microchip design, smart energy, sustainable urban areas are the strengths of Singaporean enterprises that Khanh Hoa in general and Van Phong Economic Zone in particular need to attract investment in the coming time...

Concluding the conference, Chairman of the Provincial People's Committee Nguyen Tan Tuan said that the conference was a valuable opportunity for the province to listen to the contributions and share extremely practical experiences from Singaporean investors. Through the discussion on green transformation, renewable energy, high-tech industry and finance, the in-depth analysis and discussion from the delegates provided a practical and multi-dimensional perspective. This is an important basis for the provincial government to continue to further improve the investment environment, reform administrative procedures and enhance connectivity with the international business community. The province not only hopes for Singaporean enterprises and investment funds to invest in Khanh Hoa, but also hopes to promote business cooperation opportunities and linkages between Singaporean enterprises and enterprises in Vietnam in general and Khanh Hoa in particular, especially in areas where the two sides can complement each other. To realize these orientations and desires, the Khanh Hoa provincial government is committed to continuing to strongly improve the business investment environment, simplify administrative procedures, create the most favorable conditions and always accompany Singaporean enterprises and investors throughout their operations, ensuring success and sustainable development in the future.

DINH LAM - QUANG LAM

Source: https://baokhanhhoa.vn/kinh-te/202505/ky-vong-tu-doanh-nghiep-singapore-9ba4bbc/