Expectations from Khanh Hoa - Singapore Investment Promotion Conference 2025

On May 28, in Singapore, Khanh Hoa Provincial People's Committee organized the Khanh Hoa - Singapore Investment Promotion Conference 2025. 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; Tran Phuoc Anh - Vietnamese Ambassador to Singapore; Lu Thanh Hai - Member of the Provincial Party Committee Standing Committee, Secretary of the Cam Ranh City Party Committee; 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.

To create great advantages after the merger of Khanh Hoa and Ninh Thuan

According to the Provincial People's Committee, based on the decision of the Central Government, two provinces Khanh Hoa and Ninh Thuan provinces will soon merge. Accordingly, new Khanh Hoa province has an area of ​​more than 8,555km² and the longest coastline in Vietnam; population of about 2.2 million people. The merger of Khanh Hoa and Ninh Thuan will create a strong coastal economic zone with great potential for development. Khanh Hoa owns a deep-water seaport, an 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, increasing the ability to attract investment and expand the labor market, contributing to promoting sustainable development in the South Central region.

Enterprise representatives of Khanh Hoa Province and Singapore and delegates attending the conference.

According to the draft document of the Provincial Party Congress after the merger, the growth rate of Khanh Hoa is expected to increase by double digits during the term. The total non-social investment is more than 48 billion USD, equivalent to 1,200 trillion VND (twice as much as the target 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 based on the principle of synchronization, continuity and ensuring unity and interconnectivity between 4 groups of practical solutions including policies, 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 trustworthy 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.

Looking for energy and high-tech investors

At the investment promotion conference, Khanh Hoa Provincial People's Committee hoped 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 and renewable energy. In addition, developing high-quality services (tourism, education and healthcare) and cooperating with Singaporean investment funds.

At the conference

Chairman of the Provincial People's Committee Nguyen Tan Tuan believes that with the outstanding 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 not only contributes to promoting the socio-economic development of Khanh Hoa, but also deepens 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.

For Singaporean enterprises as well as Khanh Hoa enterprises to see more clearly the investment and cooperation opportunities, the conference held an in-depth discussion with the topic about green transformation, renewable energy and high-tech industry. Speaking at the conference, 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, this 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 the Southeast Asian region. 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 comments and share extremely practical experiences from Singaporean investors. Through the discussion session on green transformation, renewable energy, high-tech industry and finance, the in-depth analysis and discussion from the delegates brought 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 connections 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 investment and business 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

Translated by T.T