The government has appointed Vincent U U Sang, who had been acting president of the Macau Trade and Investment Promotion Institute (IPIM) since May last year, as the institute’s president effective from yesterday.
According to an executive order published in the Official Gazette (BO) yesterday, Secretary for Economy and Finance Lei Wai Nong, who oversees the institute, has appointed U for a one-year term effective from yesterday. Lei signed the executive order on Tuesday last week.
U had been the institute’s acting president since May 27 last year, when Benson Lau Wai Meng, the institute’s then president, retired.
According to Lei’s executive order published yesterday, U holds a bachelor’s degree, and a master’s degree, both in Economics from Jinan University in Guangzhou. U also holds a master’s degree in Business Administration (specialising in Marketing) from the University of Macau (UM), and a doctoral degree in Management from the Macau University of Science and Technology (MUST).
U started to work in the banking sector in 1998, before joining the Macau Trade and Investment Promotion Institute in 2002. U started to work as an advisor to the Secretariat for Economy and Finance (GSEF) in December 2014, before returning to the institute in September 2019, when he became an executive director of the institute’s Administrative Council, the institute’s top management body.
The Macau government’s secretary for economy and finance was Lionel Leong Vai Tac from December 2014 to December 2019.
Meanwhile, U was sworn in as the IPIM president by Lei yesterday, Lei’s office announced in a statement yesterday.
During yesterday’s swearing-in ceremony, according to the statement, Lei said that U has been working in the institute in various fields such as economic research, investment promotion, industrial development, and regional cooperation.
During the ceremony, U pledged that his institute will continue to work in compliance with the local government’s “1+4” model to appropriately diversify Macau’s economy.
The 1+4 model was laid out in Chief Executive Ho Iat Seng’s 2023 Policy Address, which was delivered to the Legislative Assembly (AL) in November last year, according to which the Macau government will consolidate the development of the city’s tourism and leisure industry while putting special emphasis on promoting the development of four key new industries, namely 1) big health, 2) modern finance, 3) high-tech, and 4) conventions and exhibitions as well as culture and sports.
Newly-appointed Macau Trade and Investment Promotion Institute (IPIM) President Vincent U U Sang (right) is sworn in by Secretary for Economy and Finance Lei Wai Nong (centre) yesterday, witnessed by the chief-of-cabinet of Lei’s office, Ku Mei Leng. – Photo: GCS
