Singapore registers to invest over $41.38 billion in Vietnam

SGGP
Singapore has 1,918 valid investment projects in Vietnam with the total registered capital of US$41.38 billion by the end of August, ranking third out of 122 nations and territories investing in the country.
 

Vietnam-Singapore Industrial Park in the southern province of Binh Duong

Vietnam-Singapore Industrial Park in the southern province of Binh Duong

That was reported according to data from Foreign Investment Agency under the Ministry of Planning and Investment at the 13th ministerial conference on Vietnam-Singapore economic connectivity in Hanoi yesterday.
Vietnam has 93 projects in Singapore with the total capital of $235 million. Singapore ranks 12 out of 72 countries and territories which Vietnam has invested in.
The projects concentrate in fields such as oil and gas, mining, retail, services, information technology and logistics.
Vietnam-Singapore Industrial Park (VSIP) is the highlight in the cooperation relationship between the two countries. VSIP Group has developed a total of eight projects in Vietnam over 8,400 hectares, obtained the export turnover of $32 billion and created jobs for 200,000 workers.
Minister of Planning and Investment Nguyen Chi Dung said that the conference aims to continue exchanging solutions, sharing experiences to intensify the cooperation between Vietnamese and Singaporean authorized agencies. Through these activities, the connectivity between Vietnamese and Singaporean economies will be boosted in all fields.
Within the framework of the conference, the Vietnamese Ministry of Planning and Investment, the Singaporean Ministry of Trade and Industry and the People’s Committee of Quang Tri province coordinated together to organize an investment promotion conference in the north central province.

By ANH THU – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.