Singapore’s role as the leading investor in Vietnam has become increasingly pronounced over the last five years. According to the United Nations Conference on Trade and Development (UNCTAD), Foreign Direct Investment (FDI) in Vietnam rose by an extraordinary 59% — from $51.0 billion in 2012-2016 to $81.0 billion in 2017-2022. And Singapore has been at the forefront of this investment surge. Between 2021 and 2023, it made investments worth $24 billion, representing 25% of the total FDI inflow into Vietnam — the highest among all countries.