Investment News

Quang Ninh cooperates to organize the 7th Singapore Regional Business Forum in Vietnam


On January 5, the Quang Ninh IPA Board had a meeting with the Singapore Business Federation to discuss the contents of coordination in organizing activities within the framework of the 7th Singapore Business Forum in Quang Ninh.


Leaders of the IPA Board and representatives of the Singapore Business Federation discussed at the meeting.

The forum is expected to take place over 2 days June or July 2023 with guests being top business leaders, senior government officials, think tanks and policy makers from 2 countries. water. The event will have 2 days of seminars taking place in Hanoi and 2 days of visiting and surveying Ha Long Bay, industrial parks and economic zones in the province and working with leaders of Quang Ninh province.

At the meeting, the two sides have basically agreed on the content of the organization. Quang Ninh will create the best conditions to support the Singapore Business Federation in organizing sightseeing activities and surveying the province's investment and business environment within the framework of the Singapore Business Forum, and at the same time proposes to the Singapore Business Confederation. Singapore Enterprises connects a number of large Singaporean enterprises with Quang Ninh province.


The two sides took a souvenir photo.

On the same day, the IPA representative took the lead to take the Singapore Business Federation delegation to visit a number of key projects and industrial parks in the province to have an overview of the innovation and development of the province. This is an event marking the innovation in investment promotion method of Quang Ninh province. The IPA Board has actively sought, invited investors, persuaded to organize international conferences and seminars to enhance investment attraction in the province.

It is known that the Singapore Regional Business Forum (SRBF) is the flagship annual event of the Singapore Business Federation (SBF) and has been held 6 times in Singapore. The last time took place on March 22, 2022 with more than 700 delegates attending in person and more than 400 participants attending online, especially with the attendance of Deputy Prime Minister of Singapore Mr. Heng Swee Keat in his capacity. was the guest of honor and Singapore's Minister of Finance Mr. Lawrence Wong as the guest speaker.

In 2023, for the first time, the Singapore Business Federation developed a plan to organize the 7th Forum outside of Singapore and Vietnam, which was selected as the venue because of the rapidly developing socio-economic environment. sustainable, open business investment environment, security and order are ensured, the prevention and control of the Covid-19 epidemic is under control. In addition, the organization of the Forum in Vietnam also aims to celebrate the 50th anniversary of the bilateral relationship and the 10th anniversary of the strategic partnership between Singapore and Vietnam.

Singapore is the market with the largest FDI investment in Vietnam since 2020. 2022, out of 108 countries and territories investing in Vietnam, Singapore leads with a total investment of nearly 6.46 billion USD. (accounting for 23.3%). Following the direction of the Secretary of the Quang Ninh Provincial Party Committee at the meeting and working session with Mr. Ambassador Extraordinary and Plenipotentiary of Singapore in Vietnam in April 2022, Investment Promotion and Support Board (IPA) actively contacted, connected and worked regularly with the Singapore Business Federation to carry out promotion and investment attraction for projects in the province.