Why Singapore is investing so much in Vietnam

Vietnam attracts significant foreign investment, with Singapore emerging as a major investor. Historical ties, industrial parks, acquisitions, and robust trade are driving this trend, impacting Vietnam's economy positively. Singapore may soon become the leading investor, boosting economic growth in Southeast Asia.

Narrated by Tom McKay
Video Edited by Iyanbriandi

Brought to you by the Behind Asian Team.

[BehindAsia]

How might Vietnam's growing economic ties with Singapore reshape the investment landscape in the region? Let us know down below!

[joanfelix]

I am Vietnamese and confirm that shopee and grab are examples of Singapore's success when investing in Vietnam. These 2 companies are the most famous in their field in Vietnam.🙏🙏🙏Always welcome Singaporean friends in Vietnam.

[城邦寡人]

Everywhere Singapore goes, it bring investment, wealth and progress into another country. The Singaporean management team is honest, capable and have Asian moral principles. They are willing to train the local people to do the job and help them to move up a higher level. GDP per capita will increase in that country with all these investment. Asean countries will and must rise together. All rise together. This is so beautiful.

[brucelee]

Japan, S.Korea, Singapore and others,
Investments are just pouring into Vietnam. I really can’t recall a country that’s been at war for so long and recover so fast and is now thriving.

[JJ-iusr]

I read somewhere before, can't recall where exactly it was. LKY asked the education ministry for results of all the ASEAN scholars studying in Singapore and he found that the top scorers were usually Vietnamese students. So LKY was impressed by the intelligence & hardworking attitude of the young Vietnamese students. Maybe that explained partially why government linked companies invested heavily in Vietnam...LKY won't invest in "lazy" countries.

[AnhNguyen-uywb]

Vsip is a joint venture between Vietnam (49%) and Singapore (51%). The great thing is that these are all green industrial parks that cause little harm to the environment. Many Vietnamese domestic corporations also have factories in Vsip.

[jk]

Among all the ASEAN countries, Singapore partnership with Vietnam has been most reliable.

[oliverchua]

Singapore investments should not be taken only as a means of doing business and making money. Its actually a transfer of technology, skills, knowledge for the host country thereby uplifting its peoples standard of living.

[khangmaitrong]

Thank you Singapore for investing into Vietnam. Please do more investment in green technology in our country. I hope Vietnam will have a good economy that is environmentally friendly.

[pax]

2:45 Vietnam did not invade Cambodia. Vietnam has ended its genocidal regime against humanity.

[Larissa-Raphaela]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[chatluongnet]

Singapore and Vietnam complement each other. Singapore is also the regional HQ for many international companies, whose investments in Vietnam are registered as Singaporean. As a Regional hub and tax heaven, it is very convenient for them to do so.

[arjingyap]

Indeed, there's been a significant influx of Singaporean investments in Vietnam. But most of the Money are from China. The Vietnamese government has put up some barriers for direct Chinese investments, showing a preference for other sources. However, the Chinese have come up with a workaround by partnering with Singaporeans as intermediaries to invest in Vietnam. They tend to remain discreet in the process, but that's how substantial funds flow into Vietnam.I'm from Singapore and actively engaged in the financial sector here in Vietnam.

[ivangim]

Great report. Succinct, well-paced, and informative. Portrays the excellent win-win collaboration in the Vietnam-Singapore-Vietnam relationship. A solid demonstration of what Singapore can contribute to any ASEAN member state when they can get their act together without any political and/or emotional hang-up getting in the way to affect the two-way relationship. The potential for exponential growth in Singapore's investments in Vietnam is clear as daylight.

[Mr.judele]

Mr LKY was used to be Vietnam’s Financial Advisor, thanks to him. The Hanoi tower which was built in 1991 remarks Singapore as one of the first investor in Vietnam alongside with the Japanese just after the Border War with China ended in late 1989.

[kaingchhaylong]

Congrats to our Vietnam brother . I hope Cambodia start developing too

[hiroyukishinichi]

2023 marks the 50th anniversary of the establishment of Singapore-Vietnam diplomatic relations and 10th anniversary of Strategic Partnership.🤩🤗

[danielgoh]

Since Singaporean Chinese are mainly from South China, we are the same people as the Vietnamese. In ancient times, the indigenous population in the Yangtze Basin were known as the Yue or Bai Yue. The term Yue is Chinese term for Viet in Vietnamese so Southern Chinese people are actually closer to Vietnamese then Han Chinese. In fact we were never Han Chinese. It was a label the Han conquerors imposed on us after having ethnically cleansed the Yues. Exactly what the Communist barbarans are trying to do to the Mongolians, Manchurians, Tibetans and Uighurs now.

[Kinhnamese]

The Sinosphere countries (4 nations that used chopsticks in ancient times until now) : China, Vietnam, Japan, & Korea. Four countries have a lot in common than the rest of Asia .

[MountainDewDew]

Vietnam and Indonesia is rocketing now!!!