Vietnamplus

Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China’s Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region’s fastest-growing economies.

A conference was held in Singapore on June 19 to call for investment to priority projects in Vietnam’s northern province of Thai Binh.

Vietnam and Singapore will expand cooperation in innovation and technology – a new area in the bilateral economic partnership that was recommended at the 14th ministerial meeting on economic connectivity between the two countries.

Da Nang authorities have selected Singaporean-based firms Sakae Corporate Advisory and Surbana Jurong to design the central city’s master plan and economic development strategy towards 2030.

Prime Minister Nguyen Xuan Phuc has lauded Singapore’s high indexes in innovation, creativity and productivity, and expressed his hope for stronger cooperation with the country in these fields.

An investment promotion workshop was held in Singapore on July 6 to introduce the strengths, policies, and opportunities of the central province of Quang Binh to Singaporean investors.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) inked a cooperation agreement with the Singapore Manufacturing Federation (SMF) on October 17.

Singaporean businesses want to cooperate with their Vietnamese counterparts in digital technology to serve industrial development in each country, said President of the Singapore Manufacturing Federation Douglas Foo.

Leaders of southern Tra Vinh province have called for Singaporean investment in 25 key projects and in establishing a high-quality industrial, urban and service zone.

A slowdown in China’s economic growth is having a strong impact on Singapore as the country’s export turnover to China, in January, recorded the sharpest decrease in the past 7 years.