Sourcing in VN
News & Events
Contact us
News & Events
Press & Release
  Viet Nam to select quality foreign investment
Viet Nam is earmarking environmentally friendly, high tech investment to best serve the sustainable growth of the...
  PM orders faster disbursement of public funds
Prime Minister Nguyen Xuan Phuc on Friday asked the Finance Ministry (MoF) to work closely with the Ministry of...

Singaporean investment in Vietnam up 157% in 2013
21/01/2014 05:06 pm

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 Singapore’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.

Source VOV

« Back hits: 2040
.:: Other news
Sun Wah says will diversify property investments
Japan adding cash to tourism, retail in Vietnam
US firms scope TPP benefits
New investment waves waiting for opportunities to enter into Vietnam
Vietnam a good market for M&A
Conference offers opportunities for Japanese firms
Vietnam, US establish comprehensive partnership
Japan builds Vietnam bank presence as Mitsubishi UFJ seeks stake
Vietnam to merge two major mobile operators: report
Furniture buyers make switch to ASEAN produce