Low Sin Leng, Co-chairperson of the Vietnam-Singapore Industrial Park
(VSIP) Limited Company was awarded the Friendship Medal at a ceremony in
the southern province of Binh Duong on October 2.
The award was in recognition of Low’s contribution to Vietnam’s
socio-economic development, helping strengthen the Vietnam-Singapore
friendship.
Addressing the ceremony, Low said she was
honoured and deeply moved to receive the medal from Vietnam , where
she has been working for 10 years.
Low is one of the
Singaporean investors in the VSIP Joint Venture. The industrial park was
established under an agreement signed between the two governments to
boost Vietnam ’s economy and its cooperation with Singapore .
From the first one in Binh Duong, the VSIP JV has by now built four
more industrial parks in Vietnam : one more in Binh Duong and three
others in the northern port city of Hai Phong , the northern
province of Bac Ninh and the central province of Quang Ngai.
The VSIP system has so far attracted over 6.4 billion USD of investmentand generated jobs for 140,000 employees.
Binh Duong province is home to a total of 2,167 FDI projects worth a
total 18.2 billion USD. Singapore alone has invested in 116 projects
capitalised at over 1.5 billion USD, becoming the leading foreign
investor in the province.-VNA