(VOVworld) – 120 businesses operating in Singapore have talked with Vietnamese authorities about Vietnam’s investment attraction policy and investment opportunity. At an investment promotion forum in Singapore on Monday, Minister of Planning and Investment Bui Quang Vinh pledged Vietnam’s efforts in improving its investment climate, facilitating both foreign and domestic businesses. He expressed his hope that Singaporean enterprises will pour greater investment in Vietnam to regain the position of Vietnam’s largest foreign direct investor.

Minister of Planning and Investment Bui Quang Vinh speaks at the event. (Photo: VNA)

Vietnamese provincial representatives highlighted investment potential in Kien Giang, Nghe An, and Thanh Hoa provinces. Kien Giang province’s Phu Quoc island has been selected by Vietnamese and Singaporean prime ministers to become a special economic zone. With preferential treatment for investors, Nghe An and Thanh Hoa provinces’ regulators expected to boost investment in petro-chemistry, services, logistics, processing technology, and infrastructure.

Singapore is Vietnam’s third largest foreign direct investor with 1,200 ongoing projects worth 30 billion USD.