(VOV) – Vietnam, especially HCM City remains a major investment destination for Singaporean businesses, said Singapore’s Consul General in HCM City, Leow Siu Lin at a ceremony honouring the 49th anniversary of Singapore’s National Day on August 6.
Singapore is one of the leading foreign investors and trading partners of Vietnam. As of July 1st, the country’s total investment in Vietnam had reached US$30 billion with 1,300 projects, making it the country’s third largest foreign investor, trailing Japan and Taiwan. The two-way trade volume between the two nations has quadrupled since 2000 to US$17.4 billion in 2013.
Ms Leow Siu Lin said that his nation’s investment and cooperative projects such as Vietnam-Singapore Industrial Park (VSIP) have become a symbol of bilateral effective economic cooperation. Singapore tops foreign investors in HCM City with 686 projects capitalised at US$6.56 billion.
Nguyen Thanh Rum,Vietnam-Singapore Friendship Association President in HCM City said that despite the global economic downturn, with Vietnam’s open-door policies and traditional cooperative relations, Singaporean investors have effectively implemented several investment projects in the country.
Singapore has made its stronger presence in Vietnam’s economic sectors such as petroleum, industrial production, agro-forestry-fishery sector, infrastructure, service, and real estate. Singapore-invested projects have greatly contributed to generating jobs and boosting the country’s economic growth, Rum said.
Đăng ký: VietNam News
