Vietnam highly welcomes investment initiatives from leading Singaporean enterprises in key sectors such as healthcare, green energy, and infrastructure, Vietnamese Party General Secretary To Lam emphasized, affirming the country's dedication to fostering a favorable business environment for foreign investors.

During his ongoing official visit to Singapore, Lam held separate meetings on Tuesday with representatives of major Singaporean businesses, focusing on investment opportunities aligned with Vietnam’s strategic development priorities, according to the Vietnam News Agency.

In a meeting with Tran Thi Lam – advisor to Shangri-La Healthcare Investment Pte. Ltd. and co-founder of Ho Chi Minh City-based Hoa Lam Shangri-La Medical Co., Ltd. – the Party leader acknowledged the company’s nearly two decades of successful collaboration with Vietnamese partners in the healthcare sector.

The advisor outlined her company’s future business strategies and expressed a strong desire to continue investing in Vietnam, particularly in high-tech medical zones.

Recognizing healthcare as a crucial pillar of Vietnam’s socio-economic development strategy, Party chief Lam encouraged Shangri-La Healthcare Investment to deepen its engagement in medical technology and high-quality healthcare equipment production.

He also emphasized the importance of technology transfer to strengthen Vietnam’s domestic capabilities.

Investment firm Temasek Holdings, represented by chairman Lim Boon Heng, also engaged in discussions with Lam, who commended its diversified investment portfolio in Vietnam, which includes energy, telecommunications, financial services, real estate, and biotechnology.

Lim reaffirmed Temasek’s keen interest in furthering cooperation in renewable energy, particularly in wind and solar power.

In response, Lam highlighted Vietnam’s economic growth target of eight percent or higher this year, aiming for a two-digit expansion in the following years, while stressing the role of large-scale foreign direct investment projects in driving innovation and progress.

He assured Temasek of Vietnam’s commitment to supporting its investment ventures to ensure successful and profitable operations.

Renewable energy and industrial infrastructure were also key topics in discussions between Lam and Tow Heng Tan, chairman of energy and urban developer Sembcorp Industries.

The Party leader praised the Vietnam-Singapore Industrial Park (VSIP) model as a symbol of successful economic cooperation between the two nations. Tow proposed pilot policies for VSIP expansion and expressed Sembcorp’s interest in investing heavily in Vietnam’s energy sector, particularly in renewable power.

Lam welcomed these initiatives and reaffirmed the Vietnamese government’s efforts to revise its power development plan to further promote clean energy.

He assured Sembcorp of Vietnam’s willingness to facilitate investment projects that contribute to sustainable economic growth.

Keppel Ltd., a leading real estate and infrastructure firm, was represented by its CEO of Real Estate, Louis Lim, in talks with Lam, who lauded the firm’s longstanding presence in Vietnam and encouraged the company to expand its investments in renewable energy, smart infrastructure, and urban development.

Louis reaffirmed Keppel’s commitment to long-term investment in Vietnam, recognizing the country’s economic achievements and future growth potential.

Lam urged Keppel to prioritize strategic infrastructure investments, particularly in affordable housing for workers and industrial zones, to enhance the quality of life for Vietnamese citizens.

In another high-profile meeting, the Party chief welcomed leading private equity firm CMIA Capital Partners’ plans to develop a high-tech agricultural urban area in Cu Chi District, Ho Chi Minh City.

CMIA chairman Lee Chong Min outlined the company’s proposal for this project and requested government support in accelerating the approval process.

Lam underscored Ho Chi Minh City's significance as a regional economic hub and highlighted its forward-thinking and sustainable approach to urban planning.

He assured CMIA that relevant authorities would evaluate the proposal and create favorable conditions for its implementation.

Additionally, Lam engaged with Lim Ming Yan, chairman of the Singapore Business Federation (SBF), recognizing SBF’s effective role in connecting Singaporean businesses with investment opportunities in Vietnam.

Lim highlighted SBF’s efforts in strengthening economic ties between the two nations, particularly through the participation of small and medium enterprises.

The Party leader encouraged continued collaboration between SBF and Vietnamese ministries and local authorities to streamline investment processes.

He reiterated Vietnam’s commitment to advancing administrative reforms to facilitate foreign investment and ensure an efficient business environment.

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