Vietnamese authorities licensed 105 Singaporean-invested projects with total registered capital of more than US$3 billion and approved 34 other existing projects with total increased capital of nearly US$1.4 billion.
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| Manufacturing mobile phones at Sumsung Electronics Vietnam plant in Bac Ninh (Photo:VNA) |
Worthy of note are a US$2 billion Samsung Electronics Vietnam plant in Thai Nguyen province, and US$1 billion in increased capital for the Samsung Electronics Vietnam plant in Bac Ninh province.
These are Singapore’s biggest investment projects and among the 10 biggest foreign investment projects in Vietnam last year.
By the end of 2013, there were 1,219 operational Singaporean-invested projects capitalized at more than US$29 billion, making the island nation second among foreign investors in Vietnam.
Vietnamese businesses also poured nearly US$35.7 million into Singapore, raising their total investment there to nearly US$185 million.
