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Singapore attracts over 8 bln USD into fixed assets last year

Singapore attracted nearly 8.02 billion USD in fixed asset investment last year, higher than the 6.9 billion USD in 2017, according to the Singapore Economic Development Board (EDB).
Singapore attracts over 8 bln USD into fixed assets last year ảnh 1Illustrative image (Source: AFP)
Hanoi (VNA) - Singapore attracted nearly 8.02 billion USD in fixedasset investment last year, higher than the 6.9 billion USD in 2017, accordingto the Singapore Economic Development Board (EDB).

The islandstate spent about 4.5 billion USD on manufacturing and trade, lower than the nearly4.8 billion USD a year earlier.

The board saidwhen fully implemented, the projects will generate 17,400 new jobs.

EDB Chairman BehSwan Gin said despite uncertainties in the global business environment andsigns of “cool-down” in major economies, committed investments in Singapore arelikely to sustain in 2019.

EDB forecastthat investment in fixed assets will reach 5.8 – 7.3 billion USD this yearwhile 16,000 – 18,000 new jobs will be created.-VNA
VNA
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