(VOVworld) -  Singapore ranked first among ASEAN investors in Vietnam for calendar year 2014, according to the latest statistics from the Foreign Investment Agency (FIA), under the Ministry of Planning and Development. By the end of 2014, eight ASEAN countries – Singapore, Malaysia, Thailand, Brunei, Indonesia, the Philippines, Laos, and Cambodia – had invested 53 billion USD in 2,507 projects, accounting for 20% of Vietnam’s foreign direct investment (FDI) and 14% of Vietnam’s FDI projects.

Vietnam - Singapore Industrial Park (VSIP)

Singapore led with 1,353 projects and FDI of 32.7 billion USD, 53% of all ASEAN projects and 60% of total ASEAN investment in Vietnam. Singapore’s investment has increased steadily in recent years. Its projects have paid off, generating a significant member of jobs and spurring Vietnam’s export and overall economic growth.