Singapore remained the biggest foreign investor in Vietnam among the 51 countries and territories investing in Vietnam in the first two months of 2023, with 978.4 million USD, making up nearly 31.6% of the total registered foreign direct investment (FDI) in the country, down 42.7% year-on-year, the Ministry of Planning and Investment (MPI) reported.
Workers at Apparel Far Eastern (Vietnam) Co., Ltd in the Vietnam - Singapore Industrial Park, Thuan An city, Binh Duong province. (Photo: VNA)
Hanoi (VNA) – Singapore remainedthe biggest foreign investor in Vietnam among the 51 countries andterritories investing in Vietnam in the first two months of 2023, with978.4 million USD, making up nearly 31.6% of the total registered foreign directinvestment (FDI) in the country, down 42.7% year-on-year, the Ministry ofPlanning and Investment (MPI) reported.
Taiwan (China) ranked second with nearly 407.1 million USD, accounting for 13.1%of the total, and 3.85 times higher than that in the same period last year. The Netherlands came third with nearly 369 million USD, equivalent to 11.9% of the total.
China led in the number of newinvestment projects in Vietnam, accounting for nearly 17.2%. Meanwhile, theRepublic of Korea (RoK) was the leader in terms of capitaladjustment (21.1%) and capital contributions and share purchases (30.5%).
Foreign businesses have investedin 39 provinces and cities nationwide in the reviewed period.
Bac Giang led the localities in FDI attraction with 824.3 million USD, making up 26.6% of the total, up 8.4 times over the sameperiod in 2022. Ho Chi Minh City ranked second with 103 new projects worth369.1 million USD, accounting for 11.9% of the total.
The ministry said the total newly-registered capital, adjustedcapital, and capital contribution and share purchase of foreign investors neared 3.1 billion USD, down38% year-on-year.
As of February 20, as many as 2.55billion USD of foreign investment capital had been disbursed, a decrease of 4.9% compared to the same period last year.
Foreign firms have poured capital into 17 out of Vietnam's 21 sectors, with the processing and manufacturing industry taking the lead withmore than 2.17 billion USD, making up 70.1% of the total. It is followed by realestate with 396.9 million USD, accounting for over 12.8%.
Expertssaid to attract greater FDI projects in the coming time, Vietnam needs to fundamentallyrenovate all activities, from investment promotion to building and perfecting institutions and policies on foreign investment in line with development trends, approachinginternational standards, harmonising with international commitments, and ensuring harmony, consistency, publicity, transparency and competitiveness./.
Vietnam and Singapore have enjoyed fruitful partnership in various areas, including politics, economy, security and people-to-people exchange, Vietnamese Ambassador to Singapore Mai Phuoc Dung has said.
The upcoming visit to Singapore by Prime Minister Pham Minh Chinh is expected to open up important orientations for the bilateral ties, especially in digital technology and green transition, an expert has said.
The coming visit to Singapore by Vietnamese Prime Minister Pham Minh Chinh will be a key platform for both countries to reaffirm their excellent ties, said Singaporean Foreign Minister Vivian Balakrishnan in his written interview with the Vietnam News Agency.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Workers at Apparel Far Eastern (Vietnam) Co., Ltd in the Vietnam - Singapore Industrial Park, Thuan An city, Binh Duong province. (Photo: VNA) 
