Business

HCM City rolls out red carpet for Singaporean investors

Ho Chi Minh City will continue to improve investment climate as well as accelerate administrative procedure reform to better serve foreign investors, especially those from Singapore, Secretary of the municipal Party Committee Nguyen Thien Nhan said on August 28.
HCM City rolls out red carpet for Singaporean investors ảnh 1At the round table between HCM City authorities and Singaporean businesses on August 28 (Photo: VNA)

Singapore (VNA) – Ho Chi Minh City will continue to improveinvestment climate as well as accelerate administrative procedure reform tobetter serve foreign investors, especially those from Singapore, Secretary ofthe municipal Party Committee Nguyen Thien Nhan said on August 28.

At a round-table held between authorities of the Vietnamese southern hub andSingaporean businesses in Singapore, Nhan stressed that as the metropolis is targetingto become a smart city, it hopes to receive more Singaporean investment in thefield.

According to Vice Chairman of the municipal People’s Committee Vo Van Hoan,Vietnam and Singapore have enjoyed fruitful trade and investment ties foryears, with two-way trade in 2017 reaching 7.66 billion USD, making Singaporebecome 4th largest trade partner of Vietnam in the ASEAN.Particularly, trade value with Ho Chi Minh City fetched 4.13 billion USD, ayear-on-year surge of 4.58 percent.

As of August 20, Singapore is the largest investor in the city, with 1,216valid projects worth 10.95 billion USD in manufacturing, processing, realestate, and science and technology.

Introducing the city’s potential, Hoan underlined as an attractive investmentdestination in Southeast Asia and the Asia-Pacific as a whole, Ho Chi Minh Cityis promoting mechanisms for innovation and effective use of resources, andfacilitating business conditions for foreign investors, including Singaporeanenterprises who are interested in landing long-term investments in the city.

Meanwhile, a representative from the Singapore Business Federation (SBF) spokehighly of the business climate in Vietnam, saying the SBF has set up theSingaporean business forum in Vietnam to support business between the twocountries after meeting with Prime Minister Nguyen Xuan Phuc and working withseveral localities in Vietnam.

Lauding investment environment in Vietnam and Ho Chi Minh City, manySingaporean firms expressed their interest in investing in high-tech fields,smart urban area building, real estate and treatment of industrial sewage inthe southern hub.

They also suggested local authorities to outline more preferential policies intax, and be more transparent in related policies.-VNA
VNA
#Ho Chi Minh City #investment climate #administrative procedure reform #round-table #Singaporean businesses #smart city #Singaporean investment #fruitful trade and investment ties #two-way trade #Singapore Business Federation (SBF) #Vietnam News Agency #Vietnamplus Ho Chi Minh City Singapore
Follow VietnamPlus

Related News

HCM City hopes for stronger collaboration with Singapore

HCM City hopes for stronger collaboration with Singapore

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan hosted a reception for new Singaporean Consul General in the city Kho Ngee Seng Roy on July 24, during which the host said that the city hopes to expand cooperation with Singapore in various fields.

See more

Fresh Vietnamese lychees are being sold at an Aeon supermarket in Japan. (Photo: VNA)

Vietnam Goods Week opens in Japan’s Saitama prefecture

This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.

The Green Industries Summit 2025 aims to support the country’s transition toward sustainable industrial development. (Source: NordCham Vietnam)

Nordic firms eye green industry partnerships in Vietnam

According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong speaks at the 15th National Assembly’s 9th session. (Photo: VNA)

SBV Governor calls for overhaul of FDI attraction strategy to drive stronger growth

The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.

Buyers seek suppliers of globally standardised equipment at Automechanika, opened in HCM City on June 19. (Photo: VNA)

Vietnam’s auto parts and services expos open in HCM City

The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.

Fuel prices surge from 3pm on June 19 (Photo: VNA)

Fuel prices surge from 3pm on June 19

The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.

Vietnamese Ambassador to Germany Vu Quang Minh (right) thanks Selgros Lichtenberg CEO Marco Berger for creating conditions for Vietnamese agricultural products to reach German customers (Photo: VNA)

Vietnamese Goods Day promotes Bac Giang lychees in Germany

While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.

An article published by Cuba’s Inter Press Service (IPS) spotlights the promising results of a unique rice cooperation model with Vietnam, as Cuba ramps up efforts to improve national food security. (Photo: Screenshot)

Vietnam–Cuba rice partnership sets new model for sustainable food security: media

The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.

Algerian delegates explore Vietnamese products showcased at the event (Photo: VNA)

Vietnam seeks to expand trade ties with Algeria

During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.

A H&M store (Photo: Reuters)

Vietnamese firms eye new opportunities with Nordic partners

A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.

The Lao Bao (Vietnam) – Densavan (Laos) international border gate (Photo: VNA)

'Single-Stop' procedure at Lao Bao–Densavan border gate halted

Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.