VIETNAM: AN ATTRACTIVE BRIGHT SPOT FOR SINGAPOREAN INVESTORS

🤝 Trade Agreements: Vietnam has demonstrated a commitment to trade cooperation with Singapore through a series of recent agreements. There are also agreements with the EU, South Korea, and the United Kingdom. Although Singapore is currently the largest source of FDI in Vietnam, there remain so many opportunities for businesses to continue their expansion here.

🌏 Strategic Location: Vietnam is often referred to as the "heart" of the ASEAN region, offering direct access to its potential surrounding markets. This makes it an excellent choice for the "China Plus One" business expansion strategy, which aims to diversify investments beyond China and into other promising countries. Daily direct flights also make Vietnam a convenient destination for regular travel.

🏭 Vietnam-Singapore Industrial Park (VSIP): The manufacturing sector represents a significant investment opportunity in Vietnam, and the Singaporean government (through SembCorp) has ensured that investors from Singapore can easily take advantage of these opportunities.

👨‍👩‍👧‍👦 Demographics: With a predominantly young population (mostly under 35), Vietnam offers a vibrant and skilled workforce, promising sustainable economic development. While Vietnamese language skills are perceived to be less advanced compared to some regional countries, this is not a major obstacle. The labor market in Vietnam is continuously enhancing its skills, especially in Technology and IT.

💰 Attractive Business Costs: The initial investment capital required in Vietnam is relatively low, facilitating market entry for investors. Business operating costs are also competitive. Investors should find a trustworthy consulting firm to assist with administrative and legal procedures efficiently (as they can sometimes be complex).

✅ MRA Financial Support: Not to mention, the Market Readiness Assistance (MRA) program offered by Singapore to support its companies venturing into foreign markets is noteworthy. Essentially, this is "free money" (up to 100K SGD) that companies can apply for.

Although Vietnam's market has some challenges, it remains a leading destination for investors from Singapore as well as other international investors.

If you are interested in investing in Vietnam or seeking Singaporean investors, INMERGERS is your perfect choice. As an innovative platform for international investments, we are dedicated to supporting you every step of the M&A journey, swiftly achieving success in this market with vast potential.

Don't hesitate to contact INMERGERS today to explore a world of unlimited investment opportunities!

Source: Ian Robin Comandao - Key Reasons Why Singapore Companies Should Invest in Vietnam