Singapore keen to explore investment opportunities in Vietnamese market

Ahmad made the statement during his meeting with Tran Sy Thanh, chairman of the Hanoi People's Committee in Hanoi on October 24. Representatives of Makara Capital Partners; Sakae Corporate Advisory; and Newtechco Group Joint Stock Company of Singapore were also present at the event.

He briefed his host on Makala Capital’s operations, saying the company has been implementing projects with a total investment of up to US$23 billion in building airports and seaports across several countries. Recently, it has joined the global trend of expanding operations in green energy fields, including the development of batteries for electric vehicles.

Makara Capital is also seeking further opportunities in public-private partnership (PPP) projects, related to research, startup schemes, building innovation ecosystems, and developing new technologies, he added.

He expressed his desire to gain greater insights into Hanoi’s visions and development goals, especially those related to innovation and intellectual property protection.

For his part, Thanh said that in its proposed development plans until 2045 and 2065, the city's development model will duly be restructured in a sustainable and smart direction.

Introducing Hanoi’s development advantages to the guest, Thanh said the city is home to many universities and academic research centres, generating young and high-quality human resources. It prioritises facilitating commercial activities, developing high technology, and promoting the startup ecosystem.

In particular, Hoa Lac High-Tech Park is calling for high-tech enterprises, including large partners and corporations in the world to invest in emerging fields such as semiconductor and innovation, he noted.

Located in the Red River Delta region, the capital is striving to promote its role as a driving force for growth and development in the northern key economic region and the entire country through various active linkages to facilitate research and development process, Thanh stressed.

He affirmed that startups, the green industry, and new technology are also listed among Hanoi's top development priorities. He welcomed the Makara Capital CEO’s goodwill, and expected that the city would soon receive investments from the company.