Singapore has emerged as the second biggest foreign investor in Vietnam after pumping in US$730 million worth of investments during the first four months of 2016, according to government statistics, reportedVietNamNet.
Between January and March this year, the city-state invested in 50 new projects and poured more capital into 23 existing projects in the country, revealed Vietnam’s Foreign Investment Agency.
On average, Singaporean firms invested about US$22.7 million, surpassing the typical amount of around US$13.8 million from other overseas investors.
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