Singaporean businesses are seeking investment opportunities in potential areas in Vietnam including financial and banking services, insurance, training, wholesales, retail, and information and communication.
The Vietnam-Singapore Business Forum was held in Ha Noi on November 30, attracting 300 delegates from both countries including more than 100 Singaporean entrepreneurs to set up relations between potential partners, have access to capital resources, and seek business opportunities in Vietnam and Singapore.
The Vietnamese Government’s changes in its policies have helped foreign businesses, said Chairman and Director General of KimderWorld Group Ricky Tan.
Cooperation in economics, trade, and investment between Vietnam and Singapore has expanded in recent times after a framework agreement on connectivity was signed.
Over the past 10 months, Singapore has had 81 new investment projects in Vietnam with a total registered capital of US $1.4 trillion.
Singapore is the second biggest investor in Vietnam. Singaporean businesses have engaged in such areas as oil and gas exploitation, industry, agro-forestry and fishery product processing, infrastructure development, services, and real estate./.