Vietnam is an attractive destination for Singaporean investors as it shares a lot of cultural similarities with the island nation, said Chiong Woan Shin, International Enterprise (IE) Singapore Regional Director for Asia and the Pacific. SEE MORE A seminar to help domestic businesses raise their competitiveness through merger and acquisition (M&A) took place in the capital city of Hanoi on June 2. SEE MORE Local enterprises are borrowing more foreign currency instead of Vietnamese dong because of lower bank interest rates. SEE MORE The State Bank of Vietnam on May 31 announced that it planned to keep the prime interest rate unchanged at 8 percent for at least one month. SEE MORE Vietnam 's industrial production reached 64.7 trillion VND (3.4 billion USD in May, up 13.8 percent over the same period last year, according to the General Statistics Office (GSO). SEE MORE