A delegation of 28 Singaporean businesses and corporations has visited Ho Chi Minh City to seek investment opportunities, according to the Deputy Director of the Investment and Trade Promotion Center of Ho Chi Minh City Cao Thi Phi Van.

Singapore ranks second among 140 countries and territories investing in Vietnam, with total registered capital of $71.85 billion.

In Ho Chi Minh City, Singapore remains the largest foreign investor, with over 1,677 projects and capital of nearly $14.02 billion, Van told a conference in the city on March 9 on trade links.

Two-way trade between the two countries reached over $22.9 billion in 2022.

According to Cao Xuan Thang, First Secretary in charge of the Vietnam Trade Office in Singapore, industry and trade are the two sectors that attract most Singaporean investors.