Singapore third largest foreign investor in Vietnam
Singapore has more than 1,600 valid investment projects with a total registered capital of over 37.9 billion USD in Vietnam at present,making Singapore the third largest investor in the country.
Singapore (VNA) – Singapore has more than 1,600 valid investment projects with a total registered capital of over 37.9 billion USD in Vietnam at present, mainly in manufacturing and processing, making Singapore the third largest investor in the country, after the Republic of Korea and Japan.
Foreign direct investment (FDI) from Singapore has entered 18 of 21 economic sectors in Vietnam, with the major investment areas being processing and manufacturing, where Singaporean firms have been involved in 494 projects with total registered capital of over 16 billion USD, accounting for more than 44 percent of the island country’s investment.
Real estate ranks second with 81 projects, registering nearly 11 billion USD in capital.
The average capital scale of Singaporean projects in Vietnam is nearly 23 million USD.
Singaporean investment is present in 46 of 63 provinces and cities of Vietnam. The southern city of Ho Chi Minh attracts the most FDI from Singaporean firms with 799 projects and nearly 10 billion USD registered capital, followed by the capital city of Hanoi with 256 projects and nearly 5 billion USD registered capital.
Chief Executive Officer of Singapore Business Federation (SBF) Ho Meng Kit expressed hope in the investment prospects of Singaporean enterprises in Vietnam, adding that the SBF are cooperating with localities to implement investment promotion programmes to grab opportunities when the Trans-Pacific-Partnership takes effect.
🍎 He said that Singaporean enterprises are interested in investing in Vietnam in manufacturing, property, hi-technology and infrastructure services such as harbours, transportation and energy, agricultural products, and tourism.-VNA
Singapore led foreign investors in Ho Chi Minh City in the first months of this year, according to a municipal official at a recent Vietnam-Singapore business forum.
KinderWorld Education Group will soon conduct three investment projects in Vietnam ’s northern Vinh Phuc province, said its Chairman Ricky Tan at a roundtable on investment opportunities in the province held in Singapore on July 18.
Regulatory reforms to create more open policies are making the domestic property market more attractive to foreign investors, including those from Singapore.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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&.
Singapore's VSIP Quang Ngai urban housing project (Photo:VNA)
