Singapore ranks third among leading investors in Vietnam
According to Foreign Investment Agency, up to now, Singapore has invested in 1,569 projects with total registered capital of more than 36 billion USD in Vietnam, ranking third out of 112 countries and territories investing in the country.
The statistics provided by Vietnam's Foreign Investment Agency showed that Singapore-based firms implemented 30 new projects and increased investment levels in 6 existing projects in the first two months of 2016.
Singapore ranked in the top largest investors in Vietnam during the first two months of this year.
Total investment in newly-registered projects, and additional capitalisation of existing ones, reached 470 million USD.
At present, Singapore has invested in 1,569 projects in Vietnam, ranking third out of 112 countries and territories investing in the country.
Singapore has become one of Vietnam's leading foreign investors with more than 36 billion USD investing in numerous local projects, including processing, technology, manufacturing, real estate, construction, transportation, and storage.
The average capital investment per Singaporean project in Vietnam is 23 million USD, which is much higher than the average foreign investment of 14 million USD per project.
Singaporean investments were primarily focused on the processing and manufacturing industries (481 projects worth 15.6 billion USD), accounting for 43% of Singapore's total investment in Vietnam, real estates (80 projects with investment of 10.8 billion USD), entertainment (1.8 billion USD), construction (1.7 billion USD) and logistics (1.4 billion USD).
HCM City, where lured nearly 780 projects with 9.6 billion USD, accounting for 5% of the total projects in the city and 27% of Singapore's total investments in Vietnam, has been an attractive destination for Singaporean investors,
The FIA said the increasing investments from Singaporean businesses and their effective operations in Vietnam have helped generate more jobs for local people and spur Vietnam’s exports and economic growth.
Singapore ranked in the top largest investors in Vietnam during the first two months of this year.
Total investment in newly-registered projects, and additional capitalisation of existing ones, reached 470 million USD.
At present, Singapore has invested in 1,569 projects in Vietnam, ranking third out of 112 countries and territories investing in the country.
Illustrative image
|
The average capital investment per Singaporean project in Vietnam is 23 million USD, which is much higher than the average foreign investment of 14 million USD per project.
Singaporean investments were primarily focused on the processing and manufacturing industries (481 projects worth 15.6 billion USD), accounting for 43% of Singapore's total investment in Vietnam, real estates (80 projects with investment of 10.8 billion USD), entertainment (1.8 billion USD), construction (1.7 billion USD) and logistics (1.4 billion USD).
HCM City, where lured nearly 780 projects with 9.6 billion USD, accounting for 5% of the total projects in the city and 27% of Singapore's total investments in Vietnam, has been an attractive destination for Singaporean investors,
The FIA said the increasing investments from Singaporean businesses and their effective operations in Vietnam have helped generate more jobs for local people and spur Vietnam’s exports and economic growth.
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
- Foreign companies confirm investment expansion in Vietnam in 2025
- PM invites Skoda to manufacture electric vehicles in Vietnam
- US Berggruen Holdings to help Vietnam set up investment funds
- Vietnam releases Esports White Book 2022-2023
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses