Singaporean business and investment in Vietnam has increased significantly over the decades, thus greatly contributing to strengthening economic bilateral ties. Jeffrey Wandly, vice president of the Singapore Business Association in Vietnam, talked to VIR’s Bich Thuy about new Singaporean moves and how legal improvements reinforce the trend.
In life, economic and health gains are not always equal. This is true for individuals and for countries. While Vietnam has managed to contain the pandemic so far, its economy has been hurt in recent months.
Vietnam and Singapore are witnessing their heyday in bilateral and multifaceted cooperation. Singaporean Ambassador to Vietnam Catherine Wong Siow Ping talked to VIR’s Thanh Tung about the two nations’ sharpened ties in the context of the ASEAN enhancing its role in the international arena.
Despite a serious dip in local production caused by the health crisis, Vietnam is expected to be one of the fastest-growing nations worldwide this year, with the economy forecast to stay among the few nations with positive growth.
Effective in 2021, the amended laws on Enterprises, Investment, and Public-Private Partnership are expected to entail breakthrough changes to Vietnam’s business and investment landscape in the coming time, notably amid the entry into force of the landmark EU-Vietnam Free Trade Agreement. Tran Hao Hung, director of the Legal Department under the Ministry of Planning and Investment shines light on the fresh changes in the laws and their impacts on the country’s investment picture.
CapitaLand is one of the biggest Singaporean developers in Vietnam, with more than 25 years experience in the country and thousands of quality homes in Vietnam’s biggest cities. Ronald Tay, newly-appointed CEO of CapitaLand Vietnam, described with VIR’s Ngoc Anh his assessment on the core market of Vietnam in the group’s investment strategy.
Leveraging global capabilities and local insights, award-winning and tech-focused financing platform Validus has built a strong business to bridge small business working capital needs and driven financial inclusion of small- and medium-sized enterprises (SMEs) across the region, including in Vietnam.
The Ministry of Planning and Investment is currently working on possible scenarios for the upcoming period amid the ongoing developments of the global health crisis. Tran Quoc Phuong, Deputy Minister of Planning and Investment, discussed with VIR’s Bich Thuy the future key tasks and varying solutions required in order for the country to achieve its yearly targets.
Although the EU-Vietnam Free Trade Agreement may greatly benefit businesses from both sides, they must first abide by labour and social standards set out in the deal to reap the various advantages.
Vietnam is one of the best long-term growth stories in Asia and is one of the most preferred frontier markets, according to HSBC. There is a long list of reasons why the bank remains positive on the country’s equity market.