The city state, according to the latest statistics from the Department of Foreign Investment, has over the first seven months of this year pumped over 1.3 billion USD into 44 projects in Vietnam, coming in at second among 39 countries and territories investing in Vietnam over the period.
An official from the Singaporean General Consulate in Ho Chi Minh City said that Singapore's experience in housing was due to his country's limited land acreage. According to the Department of Foreign Investment, the Vietnam-Singapore Industrial Zone Joint Venture and the Nasteelvina Company - a joint venture in steel production - are some of Singapore's bigger projects that are already reaping heavy benefits for the investor and the host country alike.
