14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Singapore’s investors seek investment opportunities in startups in Vietnam

Ngoc Thuy

Jan 14, 2021 / 12:31 PM

More investment from Singapore’s tech firms will help maintain its position as Vietnam’s top investor, Prime Minister Nguyen Xuan Phuc has said.

Singapore’s investors are seeking investment opportunities in Vietnam, particularly in fields of innovation, smart city and startups, which are in line with the Vietnamese government’s development priorities.

Prime Minister Nguyen Xuan Phuc and Singapore’s Ambassador to Vietnam Catherine Wong. Photo: Quang Hieu.

Singapore’s Ambassador to Vietnam Catherine Wong shared the information at meeting with Prime Minister Nguyen Xuan Phuc on January 13 when she came to bid farewell before the end of her working period in Vietnam..

Ms. Wong congratulated Vietnam on its successful role as the ASEAN Chair in 2020, saying Vietnamese initiatives helped strengthen linkages and cooperation among the bloc’s members.

Amid the Covid-19 pandemic causing severe disruption in global trade, Ms. Wong stressed the importance of the Regional Comprehensive Economic Partnership (RCEP) that was signed in 2020 with the active contribution of Vietnam.

Referring to Vietnam and Singapore as two major countries that help maintain economic connectivity in the region, Mrs. Wong emphasized the necessity to ensure safe travel and trade cooperation during the pandemic context.

Vietnam’s Prime Minister Phuc said mutual trust between Vietnam and Singapore was a key factor to ensure major success in bilateral trade and investment relations.

Mr. Phuc, however, said the cooperation potential remains vast for both countries, expecting more cooperation in various fields.

“The successful of the Vietnam – Singapore Industrial Park (VSIP) is a highlight in Vietnam- Singapore economic relations, but there should be more of similar models to further boost economic growth and creating jobs,” Mr. Phuc added.

The PM expected more investment from Singapore’s tech firms, which will help maintain its position as Vietnam’s top investor.

“With high quality education sector, there will be more Vietnamese students coming to Singapore, in turn helping raise the quality of Vietnam’s workforce,” he stressed.

Singapore-based UOB helps lure US$1.12 billion in FDI to Vietnam

28 Nov, 10:06

This comes on top of over US$2.24 billion that was already secured by the UOB to Vietnam as the bank helps companies seize opportunities in the region’s fastest-growing economy.

Singapore, Vietnam launch ASEAN Smart Logistics Network

16 Nov, 14:24

The latest SuperPort project is considered a contributor to cooperation in ASEAN and the Vietnam-Singapore friendship.

Singapore enterprises hold Vietnam business environment in high regards

18 Sep, 15:45

In the first eight months of 2020, Singapore was Vietnam’s largest investor with US$6.54 billion, accounting for 33.5% of total commitment.

Vietnam to tax crypto asset transfers at 0.1%

This approach mirrors the current tax calculation applied to securities transactions.

05 Feb, 04:53 PM

Hanoi craft exhibition showcases Tet goods as shopping demand rises

Featuring 100 booths, the exhibition brings together artisans and businesses from Hanoi and neighboring provinces, presenting handicrafts, gifts, decorations and specialty foods, while promoting craft villages and stimulating consumption ahead of the 2026 New Year.

05 Feb, 01:14 PM

Vietnam establishes support body for International Financial Center Council

Beyond internal coordination, the support body undertakes international cooperation, information and communication activities.

05 Feb, 01:04 PM

Hanoi draws US$102 million in foreign direct investment during January

Strong investor activity continued in the capital at the start of the year, as a mix of new projects, capital adjustments and share acquisitions helped reinforce Hanoi’s role in sustaining Vietnam’s positive foreign investment trend.

04 Feb, 10:22 PM

Vietnam pushes rural e-commerce expansion to narrow digital divide nationwide

As Vietnam’s e-commerce market accelerates, attention is shifting toward how national policies and platform-led initiatives can help smaller localities overcome structural barriers, bringing digital trade opportunities to mountainous, border and rural communities.

04 Feb, 09:22 PM