Singapore invested US$4.37 billion worth of newly registered and additional capital in Vietnam last year, up 153% against 2012.
Vietnamese authorities licensed 105 Singaporean-invested projects with total registered capital of more than US$3 billion and approved 34 other existing projects with total increased capital of nearly US$1.4 billion.
Worthy of note are a US$2 billion Samsung Electronics Vietnam plant in Thai Nguyen province, and US$1 billion in increased capital for the Samsung Electronics Vietnam plant in Bac Ninh province.
These are Singaporeâ€™s biggest investment projects and among the 10 biggest foreign investment projects in Vietnam last year.
By the end of 2013, there were 1,219 operational Singaporean-invested projects capitalized at more than US$29 billion, making the island nation second among foreign investors in Vietnam.
Vietnamese businesses also poured nearly US$35.7 million into Singapore, raising their total investment there to nearly US$185 million.