Vietnam, especially Ho Chi Minh City remains an important investmentdestination for Singaporean businesses, said Leow Siu Lin, Singapore’sConsul General in Ho Chi Minh City.
Speaking at aceremony honouring the 49th anniversary of the Singapore National Day(August 9) on August 6, Leow Siu Lin noted that Singapore’s investmentand cooperative projects such as Vietnam-Singapore Industrial Park(VSIP) have become a symbol of effective economic cooperation betweenthe two countries. Singapore tops foreign investors in HCM Citywith 686 projects worth 6.56 billion USD.
Singapore is one the leading investors and trading partners ofVietnam. As of July, the country’s total investment in Vietnamreached 30 billion USD with 1,300 projects, making it the third largestinvestor of Vietnam following Japan and Taiwan .
The two-way trade between the two countries has quadrupled since 2000 to 17.4 billion USD in 2013.
According to Nguyen Thanh Rum, President of the Vietnam-SingaporeFriendship Association in Ho Chi Minh City, despite gloomy globaleconomic situation, with Vietnam’s open door policy and traditionalcooperative relations, Singaporean investors have still conducted manyprojects in Vietnam effectively.
Singapore hasengaged in almost all Vietnam’s economic sectors, such as oil and gasexploration and exploitation, agro-forestry-fishery sector,infrastructure, services and real estate, Rum noted, adding thatSingapore-invested projects have remarkably contributed to generatingjobs and boosting the country’s economic growth.-VNA
Speaking at aceremony honouring the 49th anniversary of the Singapore National Day(August 9) on August 6, Leow Siu Lin noted that Singapore’s investmentand cooperative projects such as Vietnam-Singapore Industrial Park(VSIP) have become a symbol of effective economic cooperation betweenthe two countries. Singapore tops foreign investors in HCM Citywith 686 projects worth 6.56 billion USD.
Singapore is one the leading investors and trading partners ofVietnam. As of July, the country’s total investment in Vietnamreached 30 billion USD with 1,300 projects, making it the third largestinvestor of Vietnam following Japan and Taiwan .
The two-way trade between the two countries has quadrupled since 2000 to 17.4 billion USD in 2013.
According to Nguyen Thanh Rum, President of the Vietnam-SingaporeFriendship Association in Ho Chi Minh City, despite gloomy globaleconomic situation, with Vietnam’s open door policy and traditionalcooperative relations, Singaporean investors have still conducted manyprojects in Vietnam effectively.
Singapore hasengaged in almost all Vietnam’s economic sectors, such as oil and gasexploration and exploitation, agro-forestry-fishery sector,infrastructure, services and real estate, Rum noted, adding thatSingapore-invested projects have remarkably contributed to generatingjobs and boosting the country’s economic growth.-VNA
