Almost 100 leading Singaporean businesses operating in real estate, infrastructure and education are attending and introducing products at the Vietnam-Singapore Business Forum in Hanoi.

The three-day forum, which opened on Nov. 30, focuses on real estate which is considered an attractive investment channel of Singaporean investors.

Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Doan Duy Khuong said Vietnam and Singapore have enjoyed time-honoured relations, especially in economics and trade.

As of Oct. 20, 2011, Singapore had invested over 23.3 billion USD in 968 projects in Vietnam, ranking third among foreign investors. Of the total investment, 7.6 billion USD has been poured into 50 property projects.

Two-way trade reached 10 billion USD last year, a quadruple increase year-on-year.

According to the VCCI official, the combination between the abundant workforce of Vietnam and high technology of Singapore will help establish develop economic zones and improve the competitiveness of both countries and ASEAN./.