Today: 30/01/2023 01:52:28 (GMT+7)

Vietnam, Singapore beef up investment links in industry

A forum to promote investment in industries in Vietnam was held online on April 15 within the framework of the Vietnam International Trade Fair (Vietnam Expo 2021) in Singapore.

Addressing the forum, General Director of the Trade Promotion Agency under the Ministry of Industry and Trade Do Ba Phu said he values Singaporean investor’s potential and predicted that investment flows from Singapore to Vietnam will rise sharply in the future.

Vietnam, Singapore, investment links, Vietnam International Trade Fair, investment flows, largest investor

Illustrative image.

Singapore was the largest investor in Vietnam last year, with nearly US$9 billion, accounting for 31.5 percent of the country’s total foreign investment.

It possesses advantages in investing in key industries where Vietnam is calling for investment, Phu said.

Tran Thu Quynh, Vietnamese Trade Counsellor in Singapore, briefed participants on production trends in Vietnam and the country’s priorities in attracting investment in industries in the 2021-2030 period, and told them of free trade agreements Vietnam has signed with foreign partners.

Douglas Foo, President of the Singapore Manufacturing Federation (SMF), who is also President of the Vietnam - Singapore Business Council, highlighted the significance of the forum, affirming that Singaporean enterprises are interested in the Vietnamese market.

In the context of Covid-19, with flight routes yet to restart between the two countries, opportunities for links like this forum will help Singaporean firms learn more about new investment opportunities in Vietnam, he said.

Secretary of provincial Party Committee urges Hiep Hoa district to speed up site clearance, boost investment attraction
(BGO) - On March 16, the Standing Board of the provincial Party Committee had a working session with the Standing Board of the Hiep Hoa district Party Committee on the implementation of resolutions of the Party Congresses at all levels for the 2020-2025 tenure, key tasks for 2021 and measures to solve difficulties.
Bac Giang aims to attract 1.3 billion USD in investment in 2021
(BGO) – Bac Giang province is actively implementing the Investment Promotion Programme this year, striving to lure about 1.3 billion USD in total newly registered and added investment capital of domestically invested and foreign direct investment (FDI) projects in the province, according to Chairman of the provincial People’s Committee Le Anh Duong.
Bac Giang approves investment promotion programme in 2021
(BGO) – The Bac Giang provincial People's Committee has just issued Decision No. 184/QD-UBND approving the investment promotion programme in 2021.
Vietnam provided with US$86.3 million to boost energy efficiency investments
The World Bank, acting on behalf of the Green Climate Fund (GCF), has signed a US$11.3 million grant with the State Bank of Vietnam to support the development of a commercial financing market for industrial energy efficiency investments.
Public investment disbursement rises 10.6% in first two months
Almost VND40.9 trillion (US$1.77 billion) of public investment was disbursed in the first two months of 2021, equivalent to 9% of the year’s plan – the highest level compared to the same period of the last five years.

Source: NDO

Vietnam, Singapore, investment links, Vietnam International Trade Fair, investment flows, largest investor
New comment has just been added. Click here
Sort:NewBest News