Want to be in the loop?
VIETNAM, SINGAPORE BEEF UP INVESTMENT LINKS IN INDUSTRY
A forum to promote investment in industries in Vietnam was held online on April 15 within the framework of the Vietnam International Trade Fair (Vietnam Expo 2021) in Singapore.
Addressing the forum, General Director of the Trade Promotion Agency under the Ministry of Industry and Trade Do Ba Phu said he values Singaporean investor’s potential and predicted that investment flows from Singapore to Vietnam will rise sharply in the future.
Singapore was the largest investor in Vietnam last year, with nearly US$9 billion, accounting for 31.5 percent of the country’s total foreign investment.
It possesses advantages in investing in key industries where Vietnam is calling for investment, Phu said.
Tran Thu Quynh, Vietnamese Trade Counsellor in Singapore, briefed participants on production trends in Vietnam and the country’s priorities in attracting investment in industries in the 2021-2030 period, and told them of free trade agreements Vietnam has signed with foreign partners.
Douglas Foo, President of the Singapore Manufacturing Federation (SMF), who is also President of the Vietnam - Singapore Business Council, highlighted the significance of the forum, affirming that Singaporean enterprises are interested in the Vietnamese market.
In the context of COVID-19, with flight routes yet to restart between the two countries, opportunities for links like this forum will help Singaporean firms learn more about new investment opportunities in Vietnam, he said.
1. Locomotive brake supply-bid extend2. Electric equipment and materials supply3. Chemical, plastic particle and carton box supply4. Equipment supply and installation5. Anti-lightning system installation----and more news
1. Mobile e-commerce projected to hit $7 billion in revenue in 2021 2. Vietnamese startup Nano raises $3 million for on-demand payroll app 3. Exports enjoy surge despite latest COVID-19 challenges 4. Vietnam's rubber export value sees surge in four months 5. Smart homes enjoying promising future ----and more news
Vietnam-ASEAN trade turnover has increased rapid over the last 26 years (1995-2021), contributing to the development of Vietnam and other ASEAN member states.
Digital transformation and e-commerce will continue to thrive in 2021 and create a new catalyst for economic growth, according to experts. This is also an opportunity for Vietnamese companies to develop new business strategies.
The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer (BOT) and the consumption sector.
There will be little change in current trends of mergers and acquisitions in Vietnam’s logistics industry this year as domestic players remain sellers and Asian investors continue to gain the upper hand.