| General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam (right) meets Wee Ee Cheong, Deputy Chairman and CEO of United Overseas Bank (UOB) VNA/VNS Photo | SINGAPORE — As part of his state visit to Singapore and attendance at the 23rd Shangri-La Dialogue, General Secretary of the Communist Party of Việt Nam Central Committee and State President Tô Lâm on May 30 met with leaders of major Singaporean corporations, technology companies, financial institutions and banks with long-standing investments and business operations in Việt Nam. Meeting with representatives of CapitaLand Development (CLD), the Vietnamese leader highly valued the group's more than three decades of successful operations in Việt Nam, particularly in the real estate sector. He welcomed CapitaLand's plans to expand investment in high-quality, green and smart urban development projects, emphasising Việt Nam's commitment to creating favourable conditions for foreign investors, including CapitalLand, to study, implement and expand business activities in the country. CapitaLand representatives expressed appreciation for Việt Nam's ongoing institutional reforms and efforts to streamline investment procedures, decentralise decision-making and accelerate digitalisation. The group said it intends to expand investments in urban development, green housing, industrial real estate, logistics and green data centres. During a meeting with Sembcorp representatives, General Secretary and President Lâm praised the group's nearly 30 years of operations in Việt Nam, particularly through the Việt Nam-Singapore Industrial Park (VSIP) model and its energy projects. He encouraged the group to expand investment in areas where Việt Nam has strong demand, with the long-term vision of establishing at least one VSIP in each of Việt Nam's 34 provinces and cities, following directions of green and smart industrial parks, innovation hubs, digital infrastructure, modern logistics systems and low-emission manufacturing ecosystems. Sembcorp leaders voiced support for this vision and reaffirmed their commitment
Top leader praises Singaporean investments' contributions to Việt Nam's development
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