Da Nang strengthens cooperation with leading Singaporean corporations
DNO - As part of a recent working visit to Singapore, Deputy Secretary of the Da Nang Party Committee and Chairman of the municipal People's Committee Nguyen Manh Hung, along with some local officials, met with leading corporations involving industrial infrastructure, digital infrastructure and logistics to promote the attraction of high-quality investment to the city.
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On the afternoon of July 2 (local time), the city’s delegation worked with Sembcorp Industries Ltd.
The meeting was attended by Mr. Eugene Cheng Chee Mun, Group Chief Financial Officer at Sembcorp Industries Ltd., and President & CEO of Integrated Urban Solutions, a member of the VSIP Group Board of Directors, and leaders of VSIP projects in central Vietnam.
At the meeting, leaders of Sembcorp highly appreciated Da Nang’s investment environment and socio-economic achievements in recent years.
They also called on the city to continue supporting the effective implementation of the VSIP Da Nang project and to explore investment opportunities in digital infrastructure, especially data centers.
Chairman Nguyen Manh Hung commended Sembcorp’s successful cooperation in Vietnam through the VSIP network.
He pledged that the city would continue facilitating investment procedures for the VSIP Da Nang project and create favorable conditions for the group to implement industrial and digital infrastructure projects in the city in the coming time.
For his part, Mr. Eugene Cheng Chee Mun emphasized that Sembcorp’s vision was not only individual projects but also to develop an investment ecosystem in Da Nang.
The vision is expected to be implemented by leveraging the group’s strengths and attracting high-quality foreign direct investment (FDI) projects in high-tech industries and data centers through the development of green industrial parks.
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On July 3, the Da Nang delegation worked with the YCH Group and visited the Supply Chain City model in Singapore.
YCH is one of the leading logistics and supply chain management groups in the Asia-Pacific region.
Welcoming the delegation, Mr. Yap Kwong Weng, Chief Executive Officer of Vietnam SuperPort and Director of Strategy, Sustainability and Communications at YCH Group, expressed appreciation for Da Nang’s support during the research and development of Functional Zone No. 2 within the Da Nang Free Trade Zone (Eagle Free Trade Zone).
He also highlighted the city’s strong development potential, driven by key projects such as the Lien Chieu Port, the Free Trade Zone and the Vietnam International Financial Center in the locality.
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Speaking at the meeting, Chairman Nguyen Manh Hung praised the Supply Chain City model and acknowledged the cooperative orientation between Sai Gon - Da Nang Investment JSC (SDN) and YCH Group in studying and developing an operational model for the Da Nang Free Trade Zone in line with international standards.
He noted that YCH’s experience and proposed solutions in developing integrated logistics ecosystems, digital platforms, smart operation centers and regulatory sandbox models offered valuable references for Da Nang's ambition to become an international logistics, trade and services hub.
On the occasion, the Da Nang delegation witnessed the signing ceremony of a strategic cooperation agreement among YCH Group, SDN and Laos Schenker Using Resources Sole Co., Ltd.
During the working sessions with strategic partners in Singapore, Mr. Hung reaffirmed that Da Nang is always ready to accompany, support and facilitate businesses and investors to research and carry out cooperation and investment activities aligned with the city's development orientation.
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The city's efforts to strengthen cooperation with leading corporations underscore its determination to effectively implement Resolution No. 10-NQ/TW, issued by the Politburo on June 8, 2026, on the development of the foreign-invested economic sector, as well as directives from Party General Secretary and State President To Lam on accelerating investment in strategic infrastructure and infrastructure serving the new economy.
Accordingly, Da Nang is now focusing on attracting high-quality, high-tech and environmentally friendly FDI inflows, and proactively preparing the necessary conditions and committing to support investors throughout the project implementation process.
This thereby contributes to the realization of the city's goal of becoming a regional center for economic development, logistics and innovation.