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.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.