Illustrative image (Photo: VNA)
- 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 9 billion
USD, 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./.