The Vietnam-Singapore Business Forum, one of the biggest bilateral trade and investment promotion events, will take place in Hanoi on November 30, the Vietnam Chamber of Commerce and Industry has announced.

The three-day forum is expected to attract 300 Vietnamese and Singaporean companies, the chamber said.

The event, which aims to bring business representatives from the two countries together, will also update Singaporean and Vietnamese firms about investment opportunities in Vietnam and Singapore, said Vu Tien Loc, the chamber's chairman.

"Vietnam is a rapidly growing economy that has created greater opportunities for Singapore businesses. Believing in the long-term economic prospects of Vietnam , many Singapore companies have invested in the three regions of Vietnam and in many different fields," said Bobby Liu, chairman of Singapore Business Association in Vietnam .

"This forum once again confirms the interest of the leaders, researchers, and business communities in co-operation and concrete investment between the two countries, particularly in the areas of financial services and banking, education, real estate and property management services, as well as manufacturing and supply chain management," he said.

In the first 10 months of 2011, with Singapore 's 81 new investment projects in Vietnam totalling 1.419 billion USD, Singapore became the second largest investor in Vietnam .

Singapore investors are now present in most economic sectors in Vietnam, from oil and gas exploration and industrial production, to agro-forestry-fisheries, but their main interest is infrastructure, services and real estate.

Two-way trade volume reached 10 billion USD last year, more than four times that of 2000./.