Singaporean businesses stay put in Vietnam

Singaporean enterprises still plan more trade and investment in Vietnam despite economic difficulties, said Singaporean consul general Pong Kok Tian on August 8.

Addressing a ceremony in HCM City to mark 47 years of the Independence Day of Singapore August 9, Pong said that Singaporean enterprises reaffirmed their belief in Vietnam’s long-term prospects of economic growth.

By July 2012, Singapore’s total investment in Vietnam reached $23.3 billion, making it the fourth biggest investor in Vietnam. Singaporean companies are involved in a wide range of areas, especially infrastructure, services and real estate.

Speaking at the event, Nguyen Thanh Rum – director of the municipal Department of Culture, Sports and Tourism noted that the Vietnam-Singapore relations have seen significant development over the past nearly 30 years.

Highlighting Singapore as one of Vietnam’s leading trading partners, Rum – who is chair of the Vietnam – Singapore Friendship Association in HCM City – also called for more investment in Vietnam’s tourism.

http://tuoitrenews.vn/cmlink/tuoitrenews/business/singaporean-businesses-stay-put-in-vietnam-1.82557

 

Category: Economy