Singapore among biggest foreign investors in Vietnam

Singapore has retained its position as a leading foreign investor in Vietnam, according to the latest figures released by the Foreign Investment Agency (FIA).

The Southeast Asian nation currently ranks third in the top overseas sources of investment with foreign direct investment (FDI) of US$33 billion in 1,379 projects.

It has invested in 18 out of the nation’s 21 sectors, mainly manufacturing and processing (426 projects at US$13.37 billion), and real estate (74 projects at US$10 billion).

In the January-February period alone, Singaporean businesses have registered 12 new and 8 supplementary projects with pledged FDI totalling US$71 million.

Projects are located in 44 of the nation’s 63 provinces and cities. HCM City has attracted the largest number of projects (686 projects at US$9 billion), followed by Hanoi (226 projects at US$4.17 billion).

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