Sign up | Log in



Home  >>   Daily News  >>Singapore>>Investment >>Singapore becomes leading investor in Vietnam
NEWS UPDATES Asean Affairs   16  March  2016  

Singapore becomes leading investor in Vietnam

Singapore has become Việt Nam’s leading investment partner after investing more than US$36 billion in numerous local projects, including processing, technology, manufacturing, real estate, construction, transportation, and storage.

According to statistics provided by Vietnam’s Foreign Investment Agency, Singapore-based firms implemented 30 new projects and increased investment levels in six existing projects in the first two months of 2016. Total investment in newly-registered projects, and additional capitalisation of existing ones, reached $470 million.

To date, Singapore has invested in nearly 1,570 projects in Vietnam, ranking third out of 112 countries and territories investing in Vietnam.

The average capital investment per Singaporean project in Vietnam is $23 million, which is much higher than the average foreign investment of $14 million per project.

In the processing and manufacturing sector, Singaporean firms have invested a total of $15.6 billion in 480 projects, accounting for 43 percent of Singapore’s total investment in Việt Nam.

Singaporean capital is also invested in real estate ($11 billion), entertainment ($1.8 billion), construction ($1.7 billion) transportation and storage ($1.4 billion).

HCM City is an attractive destination for Singaporean investors, who funded nearly 780 projects there with $9.6 billion. These investments account for 50 per cent of the total projects in HCM City and 27 per cent of Singapore’s total investments in Việt Nam.   

About 74 per cent of total Singaporean investment in Việt Nam is in the form of wholly foreign-owned projects. There are 1,163 such foreign-owned projects, worth a total of $23.4 billion. The rest of Singaporean investment in Việt Nam exists in the form of joint ventures, such as joint stock companies and business cooperation contracts.

Co-operation in seaport industry

Singapore also expects to further co-operation with Vietnam in maritime services and sea ports, Singaporean Ambassador to Việt Nam Ng Tech Hean said in a meeting with Deputy Minister of Transport Nguyễn Hồng Trường in Hà Nội last week.

The ambassador has witnessed development co-operation between Vietnam and Singapore during his term of office. During  his service in Việt Nam, the ambassador has tracked privitisation of State-controlled businesses in Việt Nam.

Singaporean businesses have invested in many big projects, including Cái Mép – Thị Vải and Sài Gòn Port. Singaporean businesses expect to be given further information about the privitisation process of the Việt Nam National Shipping Lines (Vinalines), according to Hean.

Trường says that Singapore has a lot of experience in transportation management and seaport development, which Việt Nam is eager to learn and study

Vietnamese State-controlled maritime businesses under the transport ministry, are already in the process of being privatised, according to the deputy minister. Vinalines has also submitted its privatisation plan to Prime Minister Nguyễn Tấn Dũng for approval.

The PM had recently asked the transport ministry to build an overall plan for a seaport system. As soon as possible, the PM also wants to recoup all State capital investment in the nine seaports which are now to be privately owned, including including Khuyến Lương, Đà Nẵng, Vinalines – Đình Vũ, and Cam Ranh, apart from Năm Căn, Nghệ Tĩnh, Cần Thơ and Cái Lân.

Trường said he hoped Singaporean businesses would invest in these ports. With the SP-PSA joint venture port, the dredged system can now handle vessels weighing 50,000 tonnes.

The ministry has also submitted the proposed new fee structure for seaport use. The proposed charges would apply to seaports in Cái Mép-Thị Vải area and HCM City, according to Trường. — VNS

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           March 16, 2016 Subsribe Now !
• Singapore becomes leading investor in Vietnam Subcribe: Asean Affairs Global Magazine

• Govt left toothless by financial crisis bill
• Total employment growth last year slowest since 2003: MOM
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• White House hails election of Myanmar’s new president
RI, EFTA look to jump-start economic talks
Asean Analysis                   March 4, 2016
• Asean Analysis March 4, 2016
Aung San Suu Kyi Is Key to Further Unlocking of U.S. Sanctions against Myanmar
Advertise Your Brand

Asean Stock Watch  March 15, 2016
• Asean Stock Watch-March 15, 2016
The Biweekly Update
• The Biweekly Update March 4, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand