Strengthen cooperation for sustainable development with Singapore businesses

Strengthen international economic integration, take advantage of new-generation free trade agreements (FTAs) to boost exports. The city has implemented a series of solutions to support businesses to improve their competitiveness and boost exports. In 2022, the City's export turnover will reach US$17.1 billion, an increase of about 10.3% compared to 2021 and 4.7 times higher than the increase in 2021. Traditional export markets are maintained while New and potential markets were also interested in expanding and achieved outstanding results with a growth rate of 33.6% - higher than the growth rate of all traditional markets.

In particular, Singapore is an important traditional export market of Vietnam with an export turnover of 615 million USD in 2022 (accounting for 3.6% of Hanoi's total export turnover).

Regarding investment, Singapore is a strategic country to invest in Hanoi, with total investment capital ranked second among investment partners in the city (after Japan).

Investment fields of Singaporean investors focus on areas such as real estate business, construction, accommodation and catering services, science, technology, and education.