Vietnam, Singapore enhance economic ties

At the seminar, the 41-thousand-member Singapore Business Federation said that 97% of its enterprises have ranked Vietnam 4^th in potential investment markets. Leading Singaporean investors in Vietnam such as Sembcorp, Keppel Land, and Tunglok Capital revealed their plans to expand investment infrastructure, industrial parks, oil and gas, commercial centers, housing, and offices. They also made recommendations on tax incentives and proposals for foreigners to buy and lease office space like residential houses.

These recommendations were received by Prime Minister Dung, and he emphasized that Vietnam is pleased to see relations between the two countries developing and their businesses integrating. The Prime Minister stressed that Vietnam’s economy is worth 300 billion dollars and ranked 36th in the world. Along with its economic stability and high growth rates, Vietnam is a promising destination for Singaporean enterprises to expand investments.

Prime Minister Dung was pleased to meet with leading Singaporean enterprises about investment opportunities in Vietnam. He believes that with the positive signs of economic activity and deepening integration through the signing of several free trade agreements, Vietnam and Singapore businesses will continue to strongly develop in the future.