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NEWS UPDATES Asean Affairs  16  May  2016  

Singapore ranks third for foreign investment in VN

Singaporean businesses have 1,600 projects in Viet Nam, capitalised at approximately US$36.3 billion, ranking third among 114 countries and territories investing in the country, statistics from the Foreign Investment Agency (FIA) revealed.

In past four months alone, the firms registered 50 new projects and raised investment in 23 existing projects, with a total sum of more than $730 million, consolidating its position as one of Viet Nam’s leading sources of foreign investment capital, FIA noted.

The average capital investment per Singapore-funded project in Việt Nam is $22.7 million, which is much higher than the average foreign investment of $13.8 million per project.

Processing and manufacturing remained the most attractive sector to Singaporean investors as it lured $16.1 billion, accounting for 44.3 per cent of Singapore’s total investment in Viet Nam. Real estate came second with $10.9 billion, totaling 30 per cent of Singaporean investment.

In addition to large localities which have social and infrastructure advantages such as HCM City, Ha Noi, Hải Phòng and Bình Dương, Singaporean firms have also spread their investment into others such as Nghe An and Thái Nguyên in recent years, according to FIA.

However, the southern economic hub of HCM City continued to attract the lion’s share of Singaporean investments with $9.75 billion, making up 26.7 per cent of Singapore’s total registered capital. It was followed by Hà Nội with $4.65 billion or 12.8 per cent and central Quảng Nam Province with over $4 billion or 11.3 per cent. -VNS

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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






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