Singaporean firms tap Can Tho

By Huynh Kim
Wednesday,  Oct 17, 2018,16:51 (GMT+7)

Representatives of Vietnamese and Singaporean firms meet at a seminar in Can Tho City on October 17 – PHOTO: HUYNH KIM

CAN THO – A delegation of Singaporean businesses have marketed their products to Can Tho-based firms in the hope of expanding their presence to the Mekong Delta city of Can Tho.

After working with the Can Tho government and the Cantho Promotion Agency (CPA), the delegation of 12 firms  under the Singapore Malay Chamber of Commerce & Industry (SMCCI) on October 17 introduced to firms in Can Tho City a series of products, such as machines, indoor furniture, electronics, jewelry, textiles and food, and services involving hotels and restaurants, logistics, energy, information technology and real estate at a seminar on trade and investment promotion between the two sides, held by CPA.

Jessica Yuwanda, a representative of Yue Hwa Company, confirmed he was seeking a manufacturer in Can Tho City to supply more specialty products, such as souvenirs, food, beverages, textiles and garments, to Yue Hwa supermarket chains.

Meanwhile, Shen LiBing, general director of BHF Pte Ltd, specializing in snack production, expressed the hope of opening a branch in Can Tho City, and a representative of Fervor Montreal relayed expectations of cooperating with a distributor of jewelry and fashion in the city.

Furthermore, director of Verve Consultancy Yang Sook Chin said she intended to operate a counseling service on finance, debt management, law consultation and investment in the Mekong Delta city.

More than 20 Can Tho-based enterprises met with the Singaporean delegation to sound out cooperation opportunities.

Truong Quang Hoai Nam, vice chairman of the Can Tho government, said the city has attracted some US$2.4 billion in investment each year over the past three years, but foreign direct investment (FDI) capital remains modest.

Singapore, despite being the city’s second-largest investor, has injected a mere US$128 million into the city so far. Nam stressed that Can Tho City is in dire need of FDI capital for its development.

A representative from SMCCI and leader of the delegation, Dainial Sani Lim, pointed out that Singapore has poured US$43.2 billion into Vietnam to date, but its investment in Can Tho City is still limited.

“This is the first time we have visited Can Tho City and realized multiple opportunities for cooperation and development,” Dainial remarked.

* Đã đăng Saigon Times Daily 17-10-2018:

https://english.thesaigontimes.vn/63471/singaporean-firms-tap-can-tho.html