Singapore’s National Day reception ceremony in Ho Chi Minh City

Mr. Roy Kho – Consul General of Singapore in Ho Chi Minh City delivered his opening speech at the reception.

At the invitation of the Consul General of Singapore in Ho Chi Minh City, on the evening of August 15, 2022, Ms. Nguyen Thi Ngoc Diep - Director of the Department of External Relations - attended the ceremony to celebrate Singapore's National Day (August 9, 1965 - August 9, 2022).

Speaking at the ceremony, Singapore's Consul General in Ho Chi Minh City Roy Kho emphasized that since the two countries established diplomatic relations 50 years ago, the bilateral relationship between Vietnam and Singapore has always been good and flourished in all fields, from economy, politics to culture. The cooperation between Vietnam and Singapore is extensive and significant in economic, political, defense, educational, cultural and artistic cooperation.

Although the world is entering a period of global economic crisis due to the negative impacts of the COVID-19 pandemic, Singapore is still the largest FDI investor in Vietnam in the past 2 years and in the first half of this year. The trade activities between the two sides has always developed steadily, reaching S$26.9 billion in 2021. In the first six months of this year, Singapore remained the largest investor in Vietnam with FDI capital of more than 4.1 billion USD, accounting for 29.5% of total FDI into Vietnam and still increasing day by day. This is a clear demonstration of the trust that Singaporean businesses have in Vietnam and also shows the deep friendship between the two countries and two peoples.

Can Tho City currently has 11 projects with direct investment capital from Singapore, with a total registered investment capital of about 124.71 million USD. In 2021, the export turnover of Can Tho enterprises to the Singapore market is about 6.38 million USD. The main export items are rice, seafood, garments, pharmaceuticals and veterinary drugs, feathers, agricultural products and processed agricultural products. Import turnover is about 1.59 million USD, with the main imported items being pharmaceutical materials and other goods (sewing machines).