Singapore leapfrogs Japan to become Vietnam’s largest investor
As of February, Vietnam disbursed around $2.7 billion in FDI, a sharp rise of 7% against the same period of last year.
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.
The 10-year strategic partnership has enabled both sides to reach an in-depth multisectoral relationship.
Reassuring Singaporean investors and encouraging investments are part of Vietnam’s efforts to undertake the recovery plans.
The Vietnam-Singapore relations are ever-growing in terms of politics and economics and based on mutual trust.
Vietnam hopes the tournament will be the platform for its players to perform at the Southeast Asia Games (SEA Games), which will be held in Hanoi in May 2022.
The two countries stressed the importance of smooth mobility as Singapore is the biggest investor in Vietnam.
Japan, Singapore, and New Zealand reaffirmed their commitment to boosting cooperation with Vietnam.