How the Vietnam-Singapore Industrial Park grew 20-fold in 26 years
IN its early days, attracting foreign investors to the Vietnam-Singapore Industrial Park (VSIP) was a “hard sell”, said the Singapore chair of the industrial park’s operator.
The year was 1996, about 2 decades after the Vietnam War and just 2 years after the United States lifted its trade embargo on the socialist republic.
While Vietnam was industrialising rapidly thanks to a series of economic reforms introduced in 1986, many of its development indicators still lagged behind most of its Asean neighbours.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone: sources
Philippines central bank not seeing rate hike despite peso weakness: finmin
Heatstroke kills 30 in Thailand this year as South-east Asia bakes
Malaysia’s March inflation steady at 1.8%, beats economists’ forecast
Axiata, Sinar Mas move closer to US$3.5 billion telco merger