Insights

According to statistics from the Ministry of Planning and Investment, in 2023, there were investments from 111 countries and territories in Vietnam. Among them, Singapore led with a total investment of over 6.8 billion USD, accounting for 18.6% of the total foreign investment in Vietnam and an increase of 5.4% compared to the same period in 2022. This indicates that Vietnam is increasingly attracting foreign investment, especially from Singaporean investors. Additionally, the information technology sector is a field that Vietnam has opened up for market competition, allowing Singaporean investors to establish companies with 100% foreign capital in Vietnam.