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Singapore jump in foreign direct investment in Vietnam in December

In December 2024, Singapore registered 54 new projects with US$1.07 billion in newly registered capital, according to Vietnam’s Ministry of Planning and Investment. This represents a 74 percent increase in the number of new projects compared to November, which recorded 31 new projects and US$1.35 billion in newly registered capital.

In 2024, Singapore invested in 462 new projects with US$10.21 billion in newly registered capital.

Foreign direct investment (FDI) from Singapore into Vietnam is one of the largest and most impactful sources of foreign investment in the country, reflecting strong economic ties between the two ASEAN nations. Singaporean investments span a wide range of sectors, including real estate, manufacturing, logistics, technology, and renewable energy. Prominent Singaporean companies, such as CapitaLand, Sembcorp Industries, and Mapletree, have established significant operations in Vietnam, contributing to urban development, industrial park construction, and infrastructure growth.

The Vietnam-Singapore Industrial Parks (VSIPs), a hallmark of bilateral economic cooperation, have become key hubs for industrial production and export-oriented manufacturing. Vietnam’s favourable investment policies, strategic location, and growing consumer market continue to attract Singaporean businesses seeking opportunities in the region. With Vietnam prioritising digital transformation, sustainability, and infrastructure development, Singapore’s expertise in these areas is expected to further drive FDI growth, strengthening the already robust economic partnership between the two countries.

See also: How to Start a Business in Vietnam

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