Singapore cooperates to invest in industrial and urban complex worth 2.5 billion USD in Bac Giang

Update: 08:54 | 27/02/2022

(BGO) – Within the State-level visit to Singapore of President Nguyen Xuan Phuc (from February 24 - 26), Saigon Telecommunication Technology Joint Stock Company (Saigontel), Vina Capital Company and Singaporean Aurous company inked and exchanged the memorandum of understanding for investment cooperation in 500 ha industrial and 200 ha urban complex (apartments for workers, experts and social house) with estimated value of 2.5 billion USD in Bac Giang province.

It was the cooperative agreement with biggest value among total investment of 11 billion USD from dozens of projects inked and exchanged at Vietnam – Singapore Business Dialogue.

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The Chairman of Bac Giang provincial People’s Committee Le Anh Duong hands over the memorandum of understanding for investment cooperation with CapitaLand Group under the witness of the President.

The enterprises will research, survey to make investment projects and apply for investment license to develop urban and industrial areas, attract more projects in the fields of high technology, clean industry as well as industry with higher grey matter and domestic added value; logistics and supporting services; complete service urban area to meet demand of officials, workers, experts in the industrial parks as well as local increasing demand.

The project is expected to be executed immediately after getting approval from authority. The investors hoped to implement the project within 2022, a positive year for investment so as to greatly contribute to developing hi-tech and service industry in Bac Giang province and Vietnam.

Bac Giang has been highly appreciated in term of foreign investment attraction, especially high technology. The province has attracted 303.3 million USD of investment for the first two months of this year.

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Source: VNA

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