HCM City (VNA) – The 2016 Vietnam – Singapore Business Forum (VSBF) is a significant foundation to connect trade and investment between the two nations, Singaporean 💃Consul in 𝔉Ho Chi Minh City Leow Siu Lin said at the VSBF that opened in the city on July 20.
Leow Siu Lin highlighted the importance of business connectivity in Vietnam – Singapore bilateral relations, saying that it contributes to boosting multilateral cooperation, in areas such as trade, investment, finance, education and human resources development.
Echoing the Singaporean diplomat’s view, Vice Chairman of the Vietnam Chamber of Commerce and Industry Doan Duy Khuong said the event will further contribute to the success of multifaceted cooperation between Vietnam and Singapore, especially after the two countries reached a strategic partnership agreement in 2013.
It is also a practical platform for businesses to promote international economic integration since both countries have become members of the Trans-Pacific Partnership and the ASEAN Economic Community, Khuong added.
The key topics discussed during the event include financial services, processing and manufacturing, real estate development, tourism and hospitality.
Koh Chong Yu, Director of the Singapore Trade Development Board, (IE Singapore) in Ho Chi Minh City highlighted investment potential in the Asian nations, including Vietnam.
Singaporean enterprises wish to promote cooperation with Vietnamese ones in real estate, retail, restaurant – hotel services and petroleum and oil, she added.
As of April 2016, Singapore ranked third among foreign investors in Vietnam, with a total investment exceeding 36 billion USD in 1,600 valid projects.
The Vietnam – Singapore Industrial Park (VSIP) is among the most effective projects in the country.-VNA
More than 100 representatives from governmental agencies, enterprises and organisations will attend the 2014 Vietnam-Singapore Business Forum (VSBF 2014), which is expected to promote economic cooperation between the two countries.
Around 200 business leaders, industry experts, policymakers and Government officials will participate in the 2016 Vietnam – Singapore Business Forum starting in HCM City on July 20.
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.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
At the forum (Source: VNA)
