Da Nang looks to attract more Singaporean investment

The workshop was jointly held by the municipal People's Committee, the Singapore Business Federation (SBF), the Asia Competitiveness Institute (ACI) under the Lee Kuan Yew Public Policy School (LKYSPP) of the Singaporean National University, and the Vietnamese Embassy in Singapore, and attracted the participation of representatives from nearly 300 Singaporean enterprises.

Counsellor of the Embassy Le Cong Dung highlighted the increasingly fruitful development of diplomatic and economic relations between Vietnam and Singapore over the past 48 years, especially since the two countries raised ties to a Strategic Partnership in 2013.

Singapore is one of the key markets Da Nang is focused on attracting investment from. The city is currently home to 28 foreign direct investment (FDI) projects from Singapore with total registered capital of over 838.4 million USD, ranking it 2nd among more than 50 investing countries and territories.