Singaporean investment in VN hits 23.2 bln USD

The flow of Singaporean investment in Vietnam had reached 23.2 billion USD by July 2011, making it the third largest foreign investor in the country.

The figure was released at ceremony, which was co-hosted by the Ho Chi Minh City chapters of the Vietnam Union of Friendship Organisations and the Vietnam – Singapore Friendship Association on August 6 to celebrate Singapore’s 46 th National Day (August 9).

Singaporean Consul General in HCM City Pong Kok Tian said bilateral relations, which were officially established 38 years ago, have been developing strongly at all levels and expanded in many fields, from politics to economics, trade, investment, finance – banking and people-to-people cooperation.

Singapore has become a favourite destination of many Vietnamese tourists, welcoming 323,000 Vietnamese holidaymakers in 2010 and 119,000 visitors in the first five months of this year.

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