Singapore invested $4.37 billion worth of newly registered and additional capital in Vietnam last year, up 153% against 2012. Vietnamese authorities licensed 105 Singaporean-invested projects with total registered capital of more than $3 billion and approved 34 other existing projects with total increased capital of
Singapore invested $4.37 billion worth of newly registered and additional capital in Vietnam last year, up 153% against 2012.
Vietnamese authorities licensed 105 Singaporean-invested projects with total registered capital of more than $3 billion and approved 34 other existing projects with total increased capital of nearly $1.4 billion.
Worthy of note are a $2 billion Samsung Electronics Vietnam plant in Thai Nguyen province, and $1 billion in increased capital for the Samsung Electronics Vietnam plant in Bac Ninh province.
These are Singapore's biggest investment projects and among the 10 biggest foreign investment projects in Vietnam in 2013.
By the end of 2013, there were 1,219 operational Singaporean-invested projects capitalized at more than $29 billion, making the island nation second among foreign investors in Vietnam.
Vietnamese businesses also poured nearly $35.7 million into Singapore, raising their total investment there to nearly $185 million.