Singapore was the biggest foreign investor in Ho Chi Minh City in terms of newly-registered projects and capital contribution for share purchases in the last five months, with 72 new projects worth 121.5 million USD, accounting for 60.8% of the total capital of the new projects.
HCM City (VNA)- Singapore was the biggest foreign investor in Ho Chi Minh City in terms ofnewly-registered projects and capital contribution forshare purchases in the last five months, with 72 new projectsworth 121.5 million USD, accounting for 60.8% of the total capital of the newprojects.
According to themunicipal Department of Statistics, Japan came second with 32 new projects totaling 16.5 million USD,making up 8.3% of the total.
In the January-May period, the southern economic hub saw 374 newprojects with a combined capital of 199.8 million USD. Meanwhile, 403.3 million USD were added to 121 existing ones.
Illustrative image (Photo: VNA)
As many as 836 foreigninvestors poured 541.1 million USD into capital contribution and share purchase deals in the first fivemonths, up 9.3% compared to the same period last year. Singapore and Cayman Islands had the highestproportion of capital contribution in the reviewed period, accounting for 53.6%and 11.5%, respectively.
In the first five months, HCM City saw 18,630 newly-established enterprises, up 7.8 year onyear, with a total registered capital of 178.78 trillion VND (over 7.6 billion USD), down 21.2%.
From January 1, 1988,to May 20, 2023, HCM City recorded 11,734 valid foreign-invested projects with atotal value of over 56.71 billion USD.
At the same time, 81.04 billion USD was added to operatingones and invested in capital contribution and share purchase deals./.
Despite negative impacts of the COVID-19 pandemic, Vietnam continues to be an attractive destination for foreign investors, especially those operating in the warehouse sector thanks to its advantage of geographical location and skilled labour force, according CEO of BW Industrial Development JSC Lance Li.
Singapore is hoped to invest in and partner with the Mekong Delta city of Can Tho in sectors that the latter boasts strength in, Secretary of the municipal Party Committee Le Quang Manh said on January 6.
Information on investment procedures and incentives were updated to businesses and investors at a dialogue organised by the Department of Industry and Trade of Ho Chi Minh City on March 31.
Singapore remained the biggest foreign investor in Vietnam among the 51 countries and territories investing in Vietnam in the first two months of 2023, with 978.4 million USD, making up nearly 31.6% of the total registered foreign direct investment (FDI) in the country, down 42.7% year-on-year, the Ministry of Planning and Investment (MPI) reported.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
A view of HCM City (Photo: VNA) 
Illustrative image (Photo: VNA) 
