Singapore companies make beeline for reopened Vietnam

The Business Times

The city state was Vietnam’s top foreign investor for the second straight year in 2021, and still holds the pole position for H1 2022 with direct investment contributions totalling S$4.1b.

Just months after Vietnam reopened to international visitors, some Singapore companies are wasting no time heading to the South-east Asian country in search of opportunities, in areas from tech to lifestyle.

To get a head start on these plans, the company participated in the Global Innovation Alliance (GIA) accelerator programme in Vietnam in August. Formed by a partnership between Enterprise Singapore (EnterpriseSG) and venture capital firm Quest Ventures, the programme is curated for “high-potential” startups and companies, with masterclasses, market immersion programmes and ongoing mentorship.


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