Hai Phong City Department of Finance received and worked with the Asian Infrastructure Agency (Singapore)

Hai Phong City Department of Finance received and worked with the Asian Infrastructure Agency (Singapore) via online form

Attending the working session, from the Department of Finance of Hai Phong city, there was Ms. Tran Thi Hai Yen - Deputy Director of the Department chairing the working session; Also participating were members of the Investment Promotion Team under the Department, including officers and experts from relevant departments of the Department. On the side of the Asian Infrastructure Agency, there are Mr. Lavan Thiru - Executive Director of the Department and men and women who are Deputy Directors and Heads of departments under the Department.

The Asian Infrastructure Agency is an agency of the Singapore Government, established by Enterprise Singapore - the Government agency supporting business development and the Monetary Authority of Singapore (MAS), operating with the purpose of supporting the economic and social growth of the Asian region through infrastructure development, providing tailored solutions, promoting development opportunities, financing and implementing projects in the infrastructure sector to meet demand. growing region. The Department has had very active activities in a number of key markets such as Vietnam, Philippines, Indonesia, India, and Bangladesh. The key areas that the Department focuses on supporting development investment include energy, social infrastructure, transportation,Urban and smart cities, water and environmental sanitation. Through the meeting, the Asian Infrastructure Agency wanted to learn about the investment environment, natural advantages, mechanisms, policies and current state of infrastructure in the field of waste recycling and clean energy in Hai Phong city. Speaking at the meeting, Ms. Tran Thi Hai Yen - Deputy Director of the Department of Finance said that in the past 2 years, despite having to suffer the very severe impacts of the pandemic Covid-19 pandemic, but the city has succeeded in implementing the "dual goal": Preventing and fighting epidemics, protecting people's health, and promoting socio-economic development. Accordingly, Hai Phong still maintains double-digit growth, a bright spot in attracting investment in the country, typicallyà The city's 2021 Provincial Competitiveness Index (PCI) ranked 2nd out of 63 provinces and cities; Leading the country in attracting foreign investment in 2021 with registered capital of more than 5.29 billion USD. The city promotes attracting investment from domestic and foreign sectors, especially from large economic corporations and potential investors. Up to now, there have been 42 investors from countries and territories investing in the city with 813 projects, total registered investment capital of 23.38 billion USD, of which Singapore ranks 6th with 50 projects and 2.64 billion USD. Ms. Tran Thi Hai Yen also expressed that Singapore is a country with experience in the fields of construction and urban development, seaports, logistics, education, and healthcare. These are the areas that the city always focuses oninterested in attracting investment. Furthermore, in the process of international integration, in order to develop quickly and sustainably and cope with climate change, Hai Phong city attaches special importance to the development of technical and social infrastructure because a synchronously developed and modern infrastructure system will promote economic growth, improve productivity and efficiency of the economy and contribute to solving social problems..., including waste management and treatment, developing clean and renewable energy. create... Ms. Tran Thi Hai Yen hopes that, through the meeting, the Asian Infrastructure Agency has obtained important basic information to be able to exchange and provide information to businesses, relevant agencies and organizations to support the city.Looking for truly potential and reputable investors in these fields./.

From August 2-3, 2022 in Singapore, the "Asia Infrastructure Forum (AIF)" will take place. This is an important forum for infrastructure builders and leaders to further discuss key issues such as future infrastructure development, sustainable finance, technological innovation and sustainable development through group discussions, trading floors, roundtable discussions or project discussions. Businesses wishing to register to participate in the Forum, please register here: https://www.infrastructureasia.org/Asia-Infrastructure-Forum-2022.

Executed by: Thu Hien – Department of Foreign Economic Relations