Singapore leads bet88 con Jan-Feb FDI
Island state accounts for nearly one-third of FDI bet88 con the first two months of the year.
Singapore was the largest foreign investor bet88 con Vietnam bet88 con the first two months of 2023, with total capital of more than 8.4 million, or 31.6 per cent of the total, according to the General Statistics Office (GSO).
Newly-registered capital reached 9.3 million, or 43.6 per cent of all newly-registered capital.
Singapore has 3,154 projects bet88 con Vietnam with total capital of billion.
Investments mainly focus on bet88 con manufacturing and processing industry, followed by real estate and electricity production. Most are large-scale.
For example, “super projects” from Singapore include the Bac Lieu Liquefied Natural Gas (LNG) Power Plant (licensed bet88 con 2020 and with registered capital of billion), the Nam Hoi An resort bet88 con central Quang Nam province (licensed bet88 con 2010 and with registered capital of billion), and the Long An LNG Power Plant Project I and II (licensed bet88 con 2021 and with registered capital of .12 billion).
A number of Singaporean investors added capital to existing projects bet88 con the first two months. Investment bet88 con the construction of urban infrastructure and services at VSIP Bac Ninh increased by nearly 1 million, while the Fujifilm Business Innovation Vietnam project bet88 con Ho Chi Minh City added nearly 4.2 million.
2023 marks the 50th anniversary of the establishment of diplomatic relations between the two countries and also the 10th anniversary of the strategic partnership. Vietnam-Singapore Industrial Park (VSIP) is maintaining effective operations and remains a symbol of success bet88 con investment cooperation.
Prime Minister Pham Minh Chinh’s recent official visit to bet88 con affirmed the high level of political trust between the two countries and set clear directions for bilateral relations into the future.
H.E. Jaya Ratnam, Singaporean Ambassador to Vietnam, said Vietnam is still a “very interesting” destination bet88 con the eyes of all foreign investors. “This can be seen from the strong FDI inflows and the successful operations of VSIP,” he added. “We see many other areas where Singapore can invest bet88 con Vietnam, such as logistics and renewable energy.”
