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Singapore companies make beeline for reopened Vietnam

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Sharon See

Sharon See

Published Thu, Sep 8, 2022 · 05:50 AM
    • Now that international borders have reopened, more Singapore companies are heading to Vietnam in search of business opportunities, industry watchers told The Business Times.
    • Now that international borders have reopened, more Singapore companies are heading to Vietnam in search of business opportunities, industry watchers told The Business Times. PHOTO: SHARON SEE, BT

    [HO CHI MINH CITY] 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.

    Emile Dumont, founder and chief executive of sports massage studio The Posture Lab, said that Vietnam has a growing fitness and wellness trend, but a lack of proper accreditation for trainers. This gap is what The Posture Lab, which also runs an academy, hopes to fill.

    “That’s why we actually want to come in with that first-mover advantage to build up that whole ecosystem aspect, before we actually build or develop even just gym management or setting up gyms,” he explained.

    Singapore economyVietnamAseanAsean BusinessStartupsEnterprise SGSingapore Business Federation

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