Vietnam-Singapore

Singapore remained Vietnam’s largest investor among ASEAN countries with 2,959 valid projects worth $70 billion, accounting for 16.3% of the country’s total FDI commitments.

The strong message sent by Vietnam’s Prime Minister at COP26 has significantly improved the country’s image in the eyes of international investors.

This is the 3rd strategic technology center of NCS in Asia.

Singapore continued to be Vietnam’s largest investor during the seven months with $4.3 billion, or 27.7% of the total newly registered FDI projects.

The report added that out of 65 countries and territories investing in Vietnam in the first three months of 2022, Singapore took the lead with $2.29 billion, or 25.7% of the total.

The VSIP III covers an area of 1,000 hectares, will be a successful example in Vietnam-Singapore cooperation, and evidence that Vietnam continues to be an attractive destination for investors

Relaxing travel restrictions is the most important measure that both Singapore and Vietnam take to support each other to recover together from Covid-19.

As of February, Vietnam disbursed around $2.7 billion in FDI, a sharp rise of 7% against the same period of last year.

Half of the deals were signed by Vietnam’s Sovico Group owned by millionaire Pham Thi Phuong Thao.

Vietnam seeks more capital inflows from Singapore into infrastructure, renewable energy, smart city, and financial services.