Contact Details

+65 6320 1888
  • Get a Quote
Call
Skype
WhatsApp
Email
Singapore Corporate Service Provider - Rikvin

Singapore Company Registration Specialists

MENUMENU
  • Home
  • Services
    • Our Services
    • Company Registration
    • Immigration & Work Visa
    • Tax and Accounting
    • Business Support
    • Offshore Incorporation
    • International Expansion
    • Switch to Rikvin
  • Services
  • Learn
    • Learn About
    • Incorporation
    • Relocation and Work Visas
    • Taxation and Accounting
    • Annual Compliance
    • Resources
    • Infographics
    • Industry Guides
    • Business Reports
    • Country Reports
    • Download Guides
    • FAQs
  • Learn
  • Tools
    • Incorporation
    • Company Name Check
    • SSIC Codes Search
    • AGM Calculator
    • Tax Calculators
    • Personal Tax Calculator
    • Corporate Tax Calculator
    • Global Tax Calculator
    • Work Visas
    • PEP Assessment
    • More Free Tools
  • About
    • About Rikvin
    • About Us
    • Why Us
    • Our Team
    • Our Partners
    • Our CSR
    • Join Our Team
    • Scholarship Programs
    • Testimonials
    • Our Valued Clients
    • Testimonials
    • Service Ratings
  • Community
    • News & Reviews
    • Blogs
    • Press Releases
    • In.Conversation
    • Videos
    • Newsletters
    • Subscribe to Mailing List
    • We're Social
    • Facebook
    • Google+
    • LinkedIn
    • Twitter
  • Contact
You are here: Home / Press Releases / Singapore-Vietnam Economic Cooperation Set to Grow

Singapore-Vietnam Economic Cooperation Set to Grow

According to a report on Channel NewsAsia titled S’pore and Vietnam Enjoy Prospering Economic Ties, Singapore’s Prime Minister Lee Hsien Loong is making a 3-day official visit to Vietnam this week. The visit seeks to commemorate 40 years of bilateral ties and to elevate their cooperation to a “Strategic Partnership.”

In June, Singapore company registration specialist Rikvin reported on Vietnam’s interest to attract more investments from Singapore. In the article Vietnam to Open Up to More Singapore Companies, it was discussed that Vietnam was looking to embark on several economic, labour and infrastructural projects to attract Singapore firms in high-tech sectors.

Singapore is to date Vietnam’s third largest foreign investor, with investments worth S$33.5 billion in real estate, electronics, healthcare and shipping for example. Vietnam, on the other hand, is Singapore’s 18th largest trading partner. According to data from International Enterprise (IE) Singapore, bilateral trade between the two economies registered approximately S$15.8 billion in 2012, up from S$14.9 billion in 2011.

Vietnam views Singapore as important to its economic development. Conversely, Vietnam is a country with immense long-term potential to Singapore. A strategic partnership would entail a shared commitment to enhance cooperation in new areas such as environment, aviation and finance.

Commenting further, Mr. Satish Bakhda, Head of Operations at Rikvin said, “The move to take the relationship to the next level will inevitably benefit Singapore as well as Vietnamese firms. Singapore’s strategic shift to nurture technopreneurship, as reflected in the TIS and EntrePass scheme could be complemented by Vietnam’s own strategic focus to develop suitable manpower for high-tech sectors. We anticipate that the partnership bodes well for both economies.”

Suggested Readings

Singapore Still an Investment Priority Despite Rising Cost Concerns tech startupsSingapore Companies Express Less Optimism for Q1 2013 Singapore Office Rent 52% Cheaper than HK Higher Foreign Worker Levies to Sting Singapore Firms
← Singapore May Increase Funding for Certain Technopreneurs Singapore Remains as Most Competitive Economy in Asia for 3rd Year →

Talk to our experts

  • This field is for validation purposes and should be left unchanged.
Rikvin Connect

Plug in to the latest business news, trends and company updates. Delivered straight to your inbox.

Learning Resources

  • Company Incorporation
  • Work Visas and Passes
  • Taxation and Accounting
  • Corporate Compliance
  • Singapore Industry Guides
  • Business Reports
  • Country Reports
  • Downloads

Our Services

  • Company Registration
  • Immigration and Work Visas
  • Taxation and Accounting
  • Business Support
  • Trademark Registration
  • Offshore Incorporation

View Sitemap·Is there anything wrong with this page?

Last updated: [last-modified]

Company Registration

  • Company Incorporation
  • Subsidiary Registration
  • Branch Registration
  • Rep Office Registration
  • Incorporation Packages

Immigration

  • Employment Pass Guide
  • EntrePass Guide
  • PEP Guide
  • Singapore Work Visas
  • Permanent Residence Scheme

Taxation

  • Corporate Tax Guide
  • Personal Tax Guide
  • Tax Filing Calendar
  • Singapore GST Guide
  • PIC Scheme Guide

Ongoing Compliance

  • Regulatory Compliance
  • Staying compliant with ACRA
  • Staying compliant with IRAS
  • Business Licenses/Permits
  • Trademark Registration

Sitemap | Terms of Use | Privacy Policy | © 2019 Rikvin Pte Ltd (UEN 200708442E). All Rights Reserved.
30 CECIL STREET, #19-08 PRUDENTIAL TOWER, SINGAPORE 049712 | PHONE: +65 6320 1888