분류되지 않음 VIETNAM REMAINS KEY MARKET OF INTEREST FOR SINGAPOREANS

VIETNAM REMAINS KEY MARKET OF INTEREST FOR SINGAPOREANS


    Kow Juan Tiang – Executive director for Southeast Asia, Enterprise Singapore Given Vietnam’s economic potential and large domestic market with a growing middle class, the country is a very attractive investment destination for Singapore companies as they seek to go overseas to diversify their businesses, expand, and capture new opportunities. Vietnam was the top country […]

VIETNAM REMAINS KEY MARKET OF INTEREST FOR SINGAPOREANS
Kow Juan Tiang – Executive director for Southeast Asia, Enterprise Singapore

Given Vietnam’s economic potential and large domestic market with a growing middle class, the country is a very attractive investment destination for Singapore companies as they seek to go overseas to diversify their businesses, expand, and capture new opportunities.

Vietnam was the top country for Singaporean companies to explore overseas expansion in both 2021 and 2022, according to the Singapore Business Federation’s National Business Survey, where more than 30 per cent of companies surveyed indicated that Vietnam is a country that they would be keen to venture into for business expansion in the future.

The top sectors for Singapore’s investments in Vietnam are manufacturing, real estate, and wholesale and retail trade. The financial and insurance services sectors are also emerging as a strong draw for Singapore groups in Vietnam.

On this front, EnterpriseSG is supporting Vietnam-Singapore Industrial Park and also Becamex IDC to set up a Vietnam-Singapore i4.0 Innovation Centre within Eastern International University in the southern province of Binh Duong.

On this front, EnterpriseSG is supporting Vietnam-Singapore Industrial Park and also Becamex IDC to set up a Vietnam-Singapore i4.0 Innovation Centre within Eastern International University in the southern province of Binh Duong.

The centre is also supported by Vietnam’s Ministry of Planning and Investment (MPI), Singapore Polytechnic, and Singapore-based Smart i4.0 Transformation Alliance. It will offer training, consultancy, and products and services from Singapore solution providers to help manufacturers adopt manufacturing automation solutions for operational efficiency and to build a future-ready workforce to support future growth.

Through our two overseas centres in Hanoi and Ho Chi Minh City, EnterpriseSG will continue to connect Vietnamese and Singaporean companies so they can explore collaboration opportunities across both countries.

Source: VIR

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