A recent survey on the global business environment conducted by BT – Global Business Insights shows that Vietnam is the second choice for Singaporean companies for the next two years, after China
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| Real estate, Singaporean investors’ strength. |
A recent survey on the global business environment conducted by BT – Global Business Insights shows that
Vietnam is the second choice for Singaporean companies for the next two years, after China.
Twenty-seven percent of the 122 companies polled, both domestic and foreign, have named China as their first choice. Vietnam ranks second, selected by 8.2% of companies, while Indonesia and Malaysia on the third position together, chosen by 7.4% of businesses.
Singapore, a major capital centre for international groups, remains the leading foreign direct investor in Vietnam. According to the Ministry of Planning and Investment, by the end of August 2005, Singapore will have 366 valid projects in Vietnam totalling US$8.2bil.
Singaporean invested projects have average capital of $22.2mil per project, well exceeding the average level of foreign invested projects in Vietnam ($8.8mil per project), and the levels of Taiwanese, Japanese and Korean invested projects ($5.6mil, $11mil, and $5.1mil). The three are the second, third and fourth largest investors in Vietnam.
The majority of Singaporean projects in Vietnam concentrate on fields where the country has advantages, mainly in service. Tourism and real estate are also attracting Singaporean interest.
(Source: VietNamNet )
