Singapore is Vietnam’s second largest foreign investor

August 28, 2023

HCMC – Among the 143 countries and territories investing in Vietnam, Singapore is the second biggest source of foreign investment with 3,274 active projects worth US$73.5 billion. From January to June, Singapore became Vietnam’s largest investor with 163 newly licensed projects, 72 projects with capital revisions, and 164 projects involving capital contribution and share acquisition. Singapore investors are present in 51 of Vietnam’s 63 provinces. Leading the pack, HCMC attracts the most investment capital from Singapore, accounting for 19.3%. Conversely, Vietnam has invested in 153 projects in Singapore, with total capital exceeding US$690 million.

The source of this news is from The Saigon Times