Deputy Secretary of the Bac Ninh Provincial Party Committee and Chairman of the Bac Ninh Provincial People’s Committee Pham Hoang Son, on April 13 had a working meeting with Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to Vietnam H.E. Rajpal Singh.
At the meeting, Mr. Pham Hoang Son stated that Bac Ninh currently hosts around 236 valid Singaporean-invested projects, with total registered capital of nearly $18 billion, ranking third among 44 countries and territories investing in the province.
Many large enterprises, such as Fukang Technology and New Wing, are operating efficiently and making significant contributions to socio-economic development, according to the Chairman of the provincial People's Committee.
Mr. Son hoped that the Singaporean Embassy will continue to support the northern province for connecting with major corporations and investors from Singapore to explore opportunities in the province.
At the same time, the province proposed enhancing cooperation in training high-quality human resources and creating favorable conditions for local students to study and conduct research in Singapore.
The Singaporean Ambassador, for his part, highly appreciated Vietnam's northern Bac Ninh province’s socio-economic development achievements in recent years.
Vietnam–Singapore diplomatic relations were upgraded to a Comprehensive Strategic Partnership in 2025, marking a transition from extensive cooperation to more comprehensive, substantive, and long-term collaboration.
In particular, the Ambassador noted that Bac Ninh has become an attractive destination for foreign investors, including those from Singapore, thanks to its favorable investment climate, strategic location, and high-quality workforce.
Currently, many major Singaporean enterprises are operating effectively in the province. Therefore, Singapore places great importance on and seeks to further strengthen cooperation with Bac Ninh.
The Ambassador affirmed that he would continue to act as a bridge to support Singaporean businesses in expanding their investment in the locality, while expressing his hope that the provincial leadership would create favorable conditions for enterprises to broaden their operations.
Looking ahead to 2026, which marks the 30th anniversary of the Vietnam - Singapore Industrial Park (VSIP)’s development in Vietnam, Singapore plans to expand its industrial park network, including studying the implementation of the VSIP III project in Bac Ninh province, with the aim of increasing the total number of projects nationwide to around 30, the Ambassador noted.
He proposed that the province facilitate the project’s implementation as early as 2026.
In addition to trade and investment cooperation, Singapore also committed to continuing its support for Vietnam in general and Bac Ninh in particular across various areas, especially in education and training of high-quality human resources, as well as capacity-building for officials upon request, thereby contributing to the sustainable development of bilateral relations, the ambassador confirmed.
Regarding the proposal to develop the VSIP III industrial park, the Chairman of the provincial People's Committee noted that Bac Ninh province will soon update and supplement its planning this year, while directing relevant departments and agencies to closely coordinate with Singaporean partners to implement the next steps, aiming to bring the project into operation as soon as possible, ensure high efficiency, and further drive socio-economic development, while strengthening cooperation between Bac Ninh and Singaporean partners.
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