Singapore’s economy has been impacted, like everywhere, by the Covid19 pandemic – with corporate bankruptcies and unemployment likely to increase in the coming months, according to Singapore’s central bank. But silver lining is appearing in the horizon. Singapore's economy grew by 0.2 per cent year-on-year in the...
The Singapore government allows companies to bring in foreign professionals through employment passes to plug skills gaps and supply shortages, even while protecting the interests of its citizens. Global companies in the ICT and software sectors, for example – such as Google, Grab and Facebook,...
Enterprise Singapore, the government agency championing enterprise development since 2018, supports companies to build, innovate and globalise. The growth of Singapore as a hub for global trading and start-ups is part of its mission. International Enterprise Singapore and SPRING came together on 1 April 2018 as...
Gross domestic product per capita is the highest in the Asia-Pacific region (US$65,248 in 2019); and among the highest in the world. Singapore also receives more foreign direct investment (FDI) than most of the world’s developed economies, and over 10% of total FDI inflows to Asia....
Over the last decade, as global businesses have followed the Look East policy, Singapore has emerged as the gateway to ASEAN and wider Asia, both for established top multinationals and high growth start-ups. The small island nation is a draw because of its transparent legal...
Food and cuisine are an intrinsic part of Vietnamese culture and also a favourite globally. Pho, a dish with flat rice noodles in a light, meat-based broth usually accompanied by basil, lime and other extras on the side, is a traditional breakfast food of the...
With a humid tropical to temperate climate and two monsoons annually, Vietnam’s Red River Delta in the north and the Mekong River Delta in the south are the main rice growing regions. Vietnam is one of the world's richest agricultural regions; and one of the...
Vietnam’s development over the past 30 years has been remarkable. Economic and political reforms launched in 1986 have spurred rapid economic growth. Between 2002 and 2018, GDP per capita increased 2.7 times, reaching over US$2,700 in 2019. In 2019, Vietnam’s economy continued to show fundamental...
Vietnam stands along with a handful of countries around the world such as New Zealand, Israel, UAE and South Korea that have been relatively successful in containing the Covid19 pandemic with minimal fatalities among a population of almost 100m, according to a recent report from...
For any international company looking for a vibrant, high potential market in Asia to invest in for sustainable growth, Vietnam is top of the list. An excellent manufacturing base, Vietnam is becoming increasingly attractive for companies looking for a China +1 strategy in the face...
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