With Vietnam boasting great potential for investment, Singaporean businesses and individuals are rolling out projects across the country, channelling massive capital flows into diverse sectors.

Up to 12 provinces in Vietnam did not record any new foreign direct investment (FDI) projects during the first seven months of this year, according to a report of the Foreign Investment Agency under the Ministry of Planning and Investment.

The Ministry of Construction has sent a proposal to the government to permit non-national individuals and organisations to purchase holiday property in Vietnam.

The 'new normal' is accelerating the trend of foreign investors relocating production lines to Vietnam, according to Bizlive.

Instead of projects with a small scale, realtors are now developing large projects in areas away from the city center.

Samsung Electronics will end personal computer production in China as it looks to shift production to Viet Nam to cut costs and remain competitive in the PC business, according to the Nikkei Asian Review. 

Since Vietnam joined ASEAN (July 28, 1995) and committed to the implementation of the ASEAN Free Trade Agreement (AFTA) in 1996, ASEAN's direct investment has contributed significantly to Vietnam’s economic development .

Vietnam is one of the best long-term growth stories in Asia and is one of the most preferred frontier markets, according to HSBC.

Singaporean business and investment in Vietnam has increased significantly over the decades, thus greatly contributing to strengthening economic bilateral ties.

Vietnam and Singapore are witnessing their heyday in bilateral and multifaceted cooperation.

Japanese businesses have begun relocating factories to Vietnam, and it is expected that American and European businesses will also come soon.

Foreign investors are making new investments moves into Vietnam on the back of supporting policies and new rules. However, as some legal concerns remain, the development of the next steps still requires some preparation. 

After more than six years in effect, the Law on Investment has been officially amended with a number of new articles to improve the country’s appeal to higher-quality foreign investment flows.

The media have recently featured industrial properties, especially industrial land, as a potential area to attract investment.

Analysts believe that new records in the number and value of M&A deals will be set in the post-Covid-19 period.

Japanese businesses in Vietnam say the country is a safe and successful destination for investors.

Despite the impact of the Covid-19 pandemic, new foreign investment approvals in Vietnam reached some US$18.8 billion between January and July, inching down by a mild 6.9% year-on-year.

Growing Chinese investment to Vietnam could turn the Southeast Asian country into a transshipment point for China to reroute its exports to a third country.

Vietnam Airlines’ airplanes which have been left idle because of Covid-19 could be used to carry cargo, offering benefits to both the air carrier and export companies.

By fulfiling certain criteria, some foreign investors would receive special treatment, said Minister of Planning and Investment Nguyen Chi Dung.