Singapore remains a top contributor to Vietnam’s foreign direct investment inflows in 2024, with total investments reaching US$7.79 billion across 377 projects year-to-date. October 2024 witnessed a notable surge in activity, with 101 new projects valued at US$444 million.

This marks a significant uptick compared to September, where Singaporean investors initiated only 25 projects worth US$560 million. The October performance highlights Singapore’s growing interest in Vietnam as a key investment destination in Southeast Asia.

Furthermore, year-to-date figures underline Singapore’s dominant presence in Vietnam’s FDI landscape, with investments spread across vital sectors such as real estate, logistics, and manufacturing.

This FDI has been a key contributor to Vietnam’s strong economic growth this year.

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