According to the Department of Planning and Investment in Ho Chi Minh City, 39 new investment projects by Singapore companies have been added by July 30, worth more than US$120 million.
Currently, Singapore companies have invested in more than 550 projects in Ho Chi Minh City worth $6.8 billion. Of these, twelve projects increased their size by an additional capital of about $47 million. Singapore companies have mainly invested in real estate, healthcare, education and trade.
Keppel Land and CapitaLand, the two leading Singapore real estate companies, have signed contracts with Vietnamese companies to develop several real estate projects. Keppel Land, in particular, has 18 projects, of which seven have been completed.
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