Khanh Hoa leaders reaffirmed their strong commitment to further improving the local investment climate by streamlining administrative procedures, reducing licensing times, increasing transparency, and providing the best possible conditions for businesses and investors.

Vietnamese and Singaporean businesses shared their experience in investing in the Vietnamese market and sought partnership opportunities, during a financial investment promotion conference held in Singapore on August 6.

Many Singaporean businesses and investors have given priority to Ho Chi Minh City in their operational expansion plans, especially in the fields of finance, trade and high technology.

The Mekong Delta province of Long An is willing to create favourable conditions for Singaporean businesses to expand investment in the locality, especially in the fields of innovation, green energy transition, industrial infrastructure, urban infrastructure, health, processing, manufacturing, and financial market development.

A delegation of Singaporean businesses on August 25 came to learn about the investment climate in the northern province of Ha Nam, expressing their intention to invest in the fields of solar energy, environmental protection, and finance - banking here.

An online Vietnam-Singapore investment promotion conference was held on September 17 with the participation of 500 enterprises from over 80 Singaporean business associations and chambers of commerce around the world.

With the growing middle class and increasing purchasing power, the consumer goods and e-commerce sector in Vietnam has become very attractive to Singaporean businesses.

Ho Chi Minh City will continue to improve investment climate as well as accelerate administrative procedure reform to better serve foreign investors, especially those from Singapore, Secretary of the municipal Party Committee Nguyen Thien Nhan said on August 28.

The Vietnamese Government is willing to listen to opinions from Singaporean businesses and wishes they would do long-term business in the country, Prime Minister Nguyen Xuan Phuc has said.

The Vietnamese Government always encourages and creates favourable conditions for Singaporean businesses to invest in Vietnam, particularly in building a hi-tech zone in the central city of Da Nang.

Vietnam attracted more than 1,900 foreign direct investment (FDI) projects from Singaporean businesses in January-October, which were valued at 41.7 billion USD.

The southern economic hub of Ho Chi Minh City is improving its business environment to create the best conditions for foreign enterprises, including those from Singapore, to make productive investments.