Singapore among biggest Vietnam foreign investors
10:56, 2015/03/20
Singapore has retained its position as a leading foreign investor in Vietnam, according to the latest figures released by the Foreign Investment Agency (FIA).
The Southeast Asian nation currently ranks third in the top overseas sources of investment with foreign direct investment (FDI) of US$33 billion in 1,379 projects.
It has invested in 18 out of the nation’s 21 sectors, mainly manufacturing and processing (426 projects at US$13.37 billion), and real estate (74 projects at US$10 billion).
In the January-February period alone, Singaporean businesses have registered 12 new and 8 supplementary projects with pledged FDI totalling US$71 million.
Projects are located in 44 of the nation’s 63 provinces and cities. HCM City has attracted the largest number of projects (686 projects at US$9 billion), followed by Hanoi (226 projects at US$4.17 billion).
In the January-February period alone, Singaporean businesses have registered 12 new and 8 supplementary projects with pledged FDI totalling US$71 million.
Projects are located in 44 of the nation’s 63 provinces and cities. HCM City has attracted the largest number of projects (686 projects at US$9 billion), followed by Hanoi (226 projects at US$4.17 billion).
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years