Singapore third largest foreign investor in Vietnam
Singapore has more than 1,600 valid investment projects with a total registered capital of over 37.9 billion USD in Vietnam at present,making Singapore the third largest investor in the country.
Singapore (VNA) – Singapore has more than 1,600 valid investment projects with a total registered capital of over 37.9 billion USD in Vietnam at present, mainly in manufacturing and processing, making Singapore the third largest investor in the country, after the Republic of Korea and Japan.
Foreign direct investment (FDI) from Singapore has entered 18 of 21 economic sectors in Vietnam, with the major investment areas being processing and manufacturing, where Singaporean firms have been involved in 494 projects with total registered capital of over 16 billion USD, accounting for more than 44 percent of the island country’s investment.
Real estate ranks second with 81 projects, registering nearly 11 billion USD in capital.
The average capital scale of Singaporean projects in Vietnam is nearly 23 million USD.
Singaporean investment is present in 46 of 63 provinces and cities of Vietnam. The southern city of Ho Chi Minh attracts the most FDI from Singaporean firms with 799 projects and nearly 10 billion USD registered capital, followed by the capital city of Hanoi with 256 projects and nearly 5 billion USD registered capital.
Chief Executive Officer of Singapore Business Federation (SBF) Ho Meng Kit expressed hope in the investment prospects of Singaporean enterprises in Vietnam, adding that the SBF are cooperating with localities to implement investment promotion programmes to grab opportunities when the Trans-Pacific-Partnership takes effect.
He said that Singaporean enterprises are interested in investing in Vietnam in manufacturing, property, hi-technology and infrastructure services such as harbours, transportatiꦺon and energy, agricultural products, and tourism.-VNA
Singapore led foreign investors in Ho Chi Minh City in the first months of this year, according to a municipal official at a recent Vietnam-Singapore business forum.
KinderWorld Education Group will soon conduct three investment projects in Vietnam ’s northern Vinh Phuc province, said its Chairman Ricky Tan at a roundtable on investment opportunities in the province held in Singapore on July 18.
Regulatory reforms to create more open policies are making the domestic property market more attractive to foreign investors, including those from Singapore.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Singapore's VSIP Quang Ngai urban housing project (Photo:VNA)
