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Vietnam has the potential to become a new logistics centre for the continent alongside Singapore, Bangkok, and Kuala Lumpur, if sectors such as aviation are utilised suitably.
Having been the dominant players in Vietnam’s merger and acquisition market for years, new activities from Japanese, South Korean, and Singaporean investors are demonstrating that interest in the fast-growing market remain unchanged.
In anticipation of favourable policies in Singapore, innovators from Vietnam and regional countries are flocking to this country, pinning high hopes on the commercialisation of breakthrough innovations.
T&Y SuperPort Vinh Phuc – a joint venture between Singapore's YCH Group and Vietnam's T&T Group – signed an MoU with Vietnam Maritime Corporation (VIMC) on November 26 as a partner for sea connectivity for Vietnam SuperPort – a multimodal smart logistics project.
Vietnam ranks seventh among the countries in the Asia-Pacific region in terms of digital society, behind Australia, the Republic of Korea, Singapore, Japan, Thailand and Malaysia.
As an innovation and startup hub in the region, Singapore continues to attract and nurture startups from Southeast Asia, with many startups managing to scale successfully out of Singapore. Edwin Chow, Assistant CEO of Innovation and Enterprise at Enterprise Singapore, talked to VIR’s Minh Anh about the key factors to success for startups and how they can thrive in a global arena.
Located in the Vietnam-Singapore Industrial Park in Quang Ngai province (VSIP Quang Ngai), Sembcorp Logistics Park is the first ready-built warehouse to provide modern warehousing spaces, promoting operational efficiency and supply chain resilience.
Singapore's Leader Energy has purchased 100 per cent equity stake of the Vinh Hao 6 solar power plant in the south-central province of Binh Thuan.
Aspiring Vietnamese corporations are increasing their exposure to a broader international investor community. Kazuhiko Yoshimatsu, general manager and chief representative of the Tokyo Stock Exchange in Singapore, discussed with VIR’s Luu Huong how businesses can tap into the largest stock exchange in Asia.
Bilateral trade relations between Vietnam and Singapore in digital transformation, economy, and innovations are expected to further deepen. In September, both countries reaffirmed the relations and welcomed the strong and multi-faceted progress under the Singapore-Vietnam Strategic Partnership. At the sidelines of the Singapore Week of Innovation and Technology, Gan Kim Yong, Singapore’s Minister for Trade and Industry, talked to VIR’s Bich Thuy about new innovative business.
Singapore is renowned for its airport development the world over. Andrew Tan, director and head of Airport Operations at Changi Airports International, talked to VIR’s Bich Thuy about the successful developments and what is next around the corner.
In the midst of a volatile macroeconomic climate, Singaporean fund CapitaLand Investment is seeking opportunities in emerging economies, including Vietnam and India.
The Global Innovation Alliance (GIA) network has grown to include Abu Dhabi and Seoul, helping Singapore-based tech startups and small- and medium-sized enterprises (SMEs) link up with partners and access more opportunities in the two markets.
The winners at the finals of SLINGSHOT 2022 were announced on October 27 at the Singapore Week of Innovation and Technology (SWITCH) 2022, making their mark on the Singapore startup scene.
Vietnam and Singapore have expanded their bilateral ties in new fields which will help businesses benefit from new mechanisms.