The 2016 Vietnam - Singapore Business Forum (VSBF), hosted by the Vietnam Chamber of Commerce and Industry opened in HCM City on July 20.
Addressing the event, Singaporean Consul in HCM City Leow Siu Lin said the 2016 VSBF is a significant foundation to link trade and investment between Vietnam and Singapore.
Leow Siu Lin highlighted the significant role of business connectivity in Vietnam - Singapore bilateral relations, saying that it contributes to boosting multilateral cooperation, in areas such as trade, investment, finance, education and human resources development.
Vice Chairman of the Vietnam Chamber of Commerce and Industry Doan Duy Khuong said the event will further contribute to the success of multifaceted cooperation between Vietnam and Singapore, especially after the two countries reached a strategic partnership agreement in 2013.
It is also a practical platform for businesses to promote international economic integration since both countries have become members of the Trans-Pacific Partnership and the ASEAN Economic Community, he added.
The main topics mentioned during the forum include financial services, processing and manufacturing, real estate development, tourism and hospitality.
Koh Chong Yu, Director of the Singapore Trade Development Board, (IE Singapore) in HCM City highlighted investment potential in the Asian nations, including Vietnam.
She stressed that Singaporean enterprises wish to promote cooperation with Vietnamese ones in real estate, retail, restaurant – hotel services and petroleum and oil.
The Vietnam - Singapore Industrial Park (VSIP) is one of the most effective projects in the country.
As of April 2016, Singapore ranked third among foreign investors in Vietnam, with a total investment exceeding 36 billion USD in 1,600 valid projects.
Speaking at the forum, Dang Xuan Quang, Deputy Director of the Foreign Investment Agency under the Ministry of Planning and Investment said that, over 54,500 companies were set up in the first six months of this year with a combined registered capital of 427.8 trillion VND (19.2 billion USD), increasing by 20% year-on-year in the number of companies and 51.5% in capital.
Particularly, Vietnam is still an attractive destination in attracting foreign direct investment (FDI) enterprises, Quang noted, adding that in the first half of this year, the total FDI registered in the country reached more than 11.2 billion USD, a significant growth of 105% against the same period last year.
Currently, Vietnam has issued a separate decree on Public Private Partnership (PPP) model in order to encourage private companies investing in infrastructure.
Addressing the event, Singaporean Consul in HCM City Leow Siu Lin said the 2016 VSBF is a significant foundation to link trade and investment between Vietnam and Singapore.
At the forum
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Vice Chairman of the Vietnam Chamber of Commerce and Industry Doan Duy Khuong said the event will further contribute to the success of multifaceted cooperation between Vietnam and Singapore, especially after the two countries reached a strategic partnership agreement in 2013.
It is also a practical platform for businesses to promote international economic integration since both countries have become members of the Trans-Pacific Partnership and the ASEAN Economic Community, he added.
The main topics mentioned during the forum include financial services, processing and manufacturing, real estate development, tourism and hospitality.
Koh Chong Yu, Director of the Singapore Trade Development Board, (IE Singapore) in HCM City highlighted investment potential in the Asian nations, including Vietnam.
She stressed that Singaporean enterprises wish to promote cooperation with Vietnamese ones in real estate, retail, restaurant – hotel services and petroleum and oil.
The Vietnam - Singapore Industrial Park (VSIP) is one of the most effective projects in the country.
As of April 2016, Singapore ranked third among foreign investors in Vietnam, with a total investment exceeding 36 billion USD in 1,600 valid projects.
Speaking at the forum, Dang Xuan Quang, Deputy Director of the Foreign Investment Agency under the Ministry of Planning and Investment said that, over 54,500 companies were set up in the first six months of this year with a combined registered capital of 427.8 trillion VND (19.2 billion USD), increasing by 20% year-on-year in the number of companies and 51.5% in capital.
Particularly, Vietnam is still an attractive destination in attracting foreign direct investment (FDI) enterprises, Quang noted, adding that in the first half of this year, the total FDI registered in the country reached more than 11.2 billion USD, a significant growth of 105% against the same period last year.
Currently, Vietnam has issued a separate decree on Public Private Partnership (PPP) model in order to encourage private companies investing in infrastructure.
