Vietnam – Singapore investment cooperation promoted

Leow Siu Lin highlighted the importance of business connectivity in Vietnam – Singapore bilateral relations, saying that it contributes to boosting multilateral cooperation, in areas such as trade, investment, finance, education and human resources development. 

Echoing the Singaporean diplomat’s view, Vice Chairman of the Vietnam Chamber of Commerce and Industry Doan Duy Khuong said the event will further contribute to the success of multifaceted cooperation between Vietnam and Singapore, especially after the two countries reached a strategic partnership agreement in 2013. 

It is also a practical platform for businesses to promote international economic integration since both countries have become members of the Trans-Pacific Partnership and the ASEAN Economic Community, Khuong added. 

The key topics discussed during the event include financial services, processing and manufacturing, real estate development, tourism and hospitality. 

Koh Chong Yu, Director of the Singapore Trade Development Board, (IE Singapore) in Ho Chi Minh City highlighted investment potential in the Asian nations, including Vietnam. 

Singaporean enterprises wish to promote cooperation with Vietnamese ones in real estate, retail, restaurant – hotel services and petroleum and oil, she added. 

As of April 2016, Singapore ranked third among foreign investors in Vietnam, with a total investment exceeding US$36 billion in 1,600 valid projects. 

The Vietnam – Singapore Industrial Park (VSIP) is among the most effective projects in the country.