Bridging Horizons: Exploring New Frontiers in Vietnam
Why Vietnam?
Vietnam has emerged as one of the most dynamic and rapidly growing economies in Southeast Asia. With a strategic location, a young and vibrant workforce, and a strong commitment to economic reforms, Vietnam offers a wealth of opportunities for Singaporean businesses. The country’s expanding middle class, increasing urbanisation, and integration into global supply chains make it an attractive destination for investment and trade.
Business Prospects Between Singapore and Vietnam
Singapore and Vietnam share a robust economic partnership underpinned by bilateral trade agreements and mutual cooperation in various sectors. As of 2023, Singapore is one of Vietnam's top foreign investors, with significant investments in manufacturing, real estate, and services. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the ASEAN Economic Community (AEC) further enhance trade prospects between the two nations, offering Singaporean businesses access to market of over 97 million people.Singapore and Vietnam share a robust economic partnership underpinned by bilateral trade agreements and mutual cooperation in various sectors. As of 2023, Singapore is one of Vietnam's top foreign investors, with significant investments in manufacturing, real estate, and services. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the ASEAN Economic Community (AEC) further enhance trade prospects between the two nations, offering Singaporean businesses access to market of over 97 million people.
