Singapore enterprises increase investment in Vietnam

by VTV409 March 2023 Last updated at 14:00 PM

VTV.vn - According to the Ministry of Planning and Investment, Singapore topped the list of foreign investors in Vietnam in 2022, with a capital of up to 6.46 billion USD, accounting for over 23% of total FDI.

To further promote trade and investment cooperation between Vietnamese and Singaporean businesses, many direct promotion activities have been implemented.

According to businesses, at present, investment projects of Singaporean enterprises in Vietnam are mainly concentrated in the processing industry, accounting for about 40% of total investment capital, with real estate coming second and electricity production coming third.

Food industry, urban infrastructure, environmentally friendly supporting industries and financial services are the areas that are expected to see increased investment from Singapore.

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