Singapore investors consider Vietnam attractive destination
Vietnam is still a very attractive location to do business, and multinational corporations such as Samsung, Intel, Hewlett-Packard and Rebisco have recently made large-scale investments in the country.
The remark was made by some presenters at a forum in Singapore on October 30 by the Institute of Southeast Asian Studies (ISEAS).
Some presentations pointed to Vietnam’s advantages acting as a transport hub, linking mainland Southeast Asia and southern China with the eastern part of Southeast Asia, and regulatory changes in relation to legal recognition of the private sector and greater openness to trade and investment.About 100 participants from government agencies, academia, international financial institutions and the private sector shared views on Vietnam’s outlooks in the changing global political and economic landscape; explored trade and investment opportunities from the perspectives of Vietnam and foreign countries; and exchanged experiences and ideas of various socio-economic issues in conjunction with increasing business activities and connectivity in the country.
In the view of Aekapol Chongvilaivan, fellow of Regional Economic Studies Programme of ISEAS, to further promote fruits of the Vietnam – Singapore Industrial Parks (VSIP) which are not only the hallmark of the two countries’ economic relations but also a success story of Singapore’s regionalisation strategies, the Government of Singapore should render more assistance by providing training equipment to the Vietnam – Singapore Vocational College (VSVC) and educating VSVC staff.
He added that the Government of Vietnam should build up business environment conducive to global investors, continue financial market reform that improves the efficiency and private sector participation, and solve some social issues relating to poor education system and income disparities.