(VOV) – In recent years, Singapore has invested in 18 sectors in Vietnam, of which the processing and manufacturing industry tops the list, followed by real estate, arts and entertainment.
- Singaporean investors eye Vietnamese real estate market
- Singaporean investors keen on Vietnamese market
- Vietnam attracts US$23.2 bln from Singaporean investors
David C Kadarauch, Analyst Director of ACB Securities, says there is huge potential for foreign invested enterprises (FIEs) to operate in the banking sector in Vietnam.
Through restructuring, Singaporean financial investors can buy shares in good quality banks at relatively inexpensive prices, he says.
Ann Phua, President of the Hemisphere Organisation, in turn says there are also tremendous opportunities for Vietnam and Singapore to cooperate in the tourism sector.
Singaporean tourists to Vietnam find the experience adventurous and enjoy the country’s traditional cuisine, she says, adding Vietnam should pump more investment into improving the quality of services.
She further says Vietnam should focus on tourism products for young people, suggesting that Vietnam and Singapore coordinate with Indonesia to develop an innovative new kind of tourism, targeting the youth.
Vietnam is calling for foreign investment from Singapore in agro-forestry and seafood processing, says Vo Hung Dung, Director of the Vietnam Chamber of Commerce and Industry (VCCI) branch in Can Tho City.
Currently Vietnam exports rice, seafood, pepper and cashew nuts to Singapore.
Singapore is a lucrative market for high quality Vietnamese farm produce, as it will have wide exposure to other markets via a large number of international visitors and multinational companies operating there.
This exposure could serve as a gateway to these other markets, Dung notes.
Norman Lim, President of the Singapore Business Association, says since early this year, Singaporean businesses have conducted many fact-finding tours of the Mekong Delta region and other localities to seek investment opportunities. Singaporean businesses are keen on how to increase the added value of processed products.
Neil MacGregor, Savills Vietnam Managing Director, points out the fact that the current trend is to invest in the real estate market, focusing on high demand segments, such as office for lease, housing and hotels.
Vietnam is an important destination for real estate investors in Southeast Asia, he says.
He reveals Savills has recently received requests for information about the investment environment and real estate market in Vietnam from Japanese, Singaporean and the Republic of Korean investors.
Đăng ký: VietNam News
