According to statistics of the Foreign Investment Agency, as of September 2022, Singapore ranked 2nd among 139 countries and territories investing in Vietnam, with a registered capital of over 70 billion USD. Vinh Phuc province has 12 Singaporean investment projects with a total capital of nearly 500 million USD. In particular, the ICD Logistics Center project of YCH Singapore Group and T&T Group of Vietnam has become a successful symbol of the mutually beneficial cooperation between the two countries.

Currently, about 7,000 multinational firms in the Asia-Pacific region are established in Singapore. These are typically strong enterprises in financial services, industrial production, education-training, urban planning, and infrastructure development. In addition, the Singapore Government is actively supporting Singaporean businesses to access investment support capital from the Government, and investment funds established by the Government to encourage investment abroad. Therefore, this is a good opportunity for Vietnamese enterprises in general and Vinh Phuc province in particular to take advantage of capital flows from Singapore. 

Implementing the investment promotion program in 2022, within the framework of the business trip to Singapore, on the morning of October 25, the Vinh Phuc delegation held a conference to promote investment in Singapore. Within the framework of the conference, there was a direct policy dialogue session between foreign investors, the largest legal consulting firms in Singapore and Vietnam.