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Singapore leads foreign investors in Vietnam in two months

Staff writer |
There were 1,569 valid Singapore-invested projects with total registered capital of more than $36 billion in Vietnam up to February 20, 2016.

This makes the island nation the third among 112 foreign investors, according to Foreign Investment Agency (FIA).

With an accumulated registered investment of nearly $469 million invested in 30 new projects and six operational, Singapore topped foreign investors in Vietnam during the first two months of this year.

Singaporean investments was primarily focused on the processing and manufacturing industries (481 projects worth $15.6 billion), real estates (80 projects with investment of $10.8 billion), entertainment ($1.8 billion), construction ($1.7 billion) and logistics ($1.4 billion).

HCM City is seen as an investment attraction leader from Singaporean businesses with 786 projects valued at $9.6 billion.

The FIA said Singaporean businesses’ increased investment and effective operations of their projects in Vietnam have helped generate more jobs for local people and spur Vietnam’s exports and economic growth

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