Singapore has retained its position as a leading foreign investor in Vietnam, according to the latest figures released by the Foreign Investment Agency (FIA).

The Vietnam-Singapore Industrial Park in Binh Duong Province.

The Southeast Asian nation currently ranks third in the top overseas sources of investment with foreign direct investment (FDI) of US$33 billion in 1,379 projects.

It has invested in 18 out of the nation’s 21 sectors, mainly manufacturing and processing (426 projects at US$13.37 billion), and real estate (74 projects at US$10 billion).

In the January-February period alone, Singaporean businesses have registered 12 new and 8 supplementary projects with pledged FDI totalling US$71 million.

Projects are located in 44 of the nation’s 63 provinces and cities. HCM City has attracted the largest number of projects (686 projects at US$9 billion), followed by Hanoi (226 projects at US$4.17 billion).