Vietnam is attracting a record number of Singaporean businesses which continue to look for opportunities to expand their operations abroad despite the ongoing COVID-19 pandemic, according to The Business Times.
Hanoi (VNA) – Vietnam is attracting arecord number of Singaporean businesses which continueto look for opportunities to expand their operations abroad despite theongoing COVID-19 pandemic, according to The Business Times.
EnterpriseSingapore (ESG) said it has supported more than double the number ofinternationalisation projects for enterprises looking to expand their operationsinto Vietnam since 2018.
From January to October 2020 alone, ESG supported 56.9 percent more projectsyear on year across sectors such as ICT and media, professional services, andeducation.
ESG assistant CEO Tan Soon Kim said since the launch of the Singapore BusinessFederation's GlobalConnect@SBF November last year, the initiative received thehighest volume of enquiries for regional overseas business ventures on Vietnam.
Traditionally, Singapore firms that are keen to invest in or expand to Vietnam inthe fields of infrastructure and urban solutions, but in recent years there hasbeen growing interest in the areas of manufacturing, food and beverage andretail, Tan noted.
Functional juice company Doki Doki forinstance, set up a factory in Vietnam in 2017. It decided to expand its saleschannels to Vietnam this year.
Another company that is actively scaling upits retail presence in Vietnam is Norbreeze Group which distributes and marketsjewellery and timepiece brands. This firm is opening three newowned-and-operated stores in Vietnam in November and five partner stores inDecember, and January next year.
Oneanother business that has shifted quite permanently is NovaLand Group's NovaF&B, the franchisee for Jumbo Seafood in Vietnam.
Priorto the pandemic, delivery was never a big part of the overall revenue for thebrand. However, due to impacts caused by the health crisis, delivery has becomethe new norm and the team in Vietnam had to quickly go about onboarding thecompany's brands on delivery platforms and implementing promotions to encourageconsumer spending.
Overall,Vietnam’s success in fighting COVID-19 has helped Singaporean firms remainupbeat about their plans in the country, ESG said./.
Many Singaporean firms are interested in investing in the food industry, agriculture, and dining services in Vietnam as they forecast that these sectors will thrive in the near future.
Singapore's Personal Data Protection Commission (PDPC) announced on January 15 that two companies which involved in the worst data leak in the city-state’s history were fined 1 million SGD (some 740,000 USD) in total.
Da Nang authorities have selected Singaporean-based firms Sakae Corporate Advisory and Surbana Jurong to design the central city’s master plan and economic development strategy towards 2030.
About 9 billion SDG (6.3 billion USD) in support will be rolled out to families and businesses in Singapore in April as part of measures to help them overcome difficulties amid the COVID-19 opandemic, said Singaporean Deputy Prime Minister cum Finance Minister Heng Swee Keat.
Vietnam’s growing stature in the region and the world and its impressive containment of COVID-19 have continued to consolidate its status as an attractive destination for Singaporean investors.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
