Good news! Singapore and Vietnam deepen economic cooperation! [Singapore stop on the road to enterprise internationalization]-FOZL

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Good news! Singapore and Vietnam deepen economic cooperation! [Singapore stop on the road to enterprise internationalization]

Why did the FOZL editor choose to share this news with everyone? It's because many overseas companies choose to register their companies in Singapore to expand into the Southeast Asian market. The closer the economic and trade ties between Singapore and its surrounding Southeast Asian countries, the more advantageous it is for overseas companies to establish themselves in Singapore!

Let's review the news: Singapore and Vietnam will continue to deepen their economic cooperation, and DBS Bank has been approved by Vietnam and will establish a subsidiary bank within three months.

Singaporean companies have also signed several Memoranda of Understanding with Vietnam to explore the establishment of facilities such as the eighth Vietnam-Singapore Industrial Park, a software industrial park, and a power plant. Singaporean citizens may also have more choices when traveling to Vietnam in the future. Prime Minister Lee Hsien Loong recently met with Vietnamese Prime Minister Nguyen Xuan Phuc at the government office in Hanoi, and stated at a joint press conference that the two countries will discuss increasing the number of flights between Singapore and Vietnam. Prime Minister Lee pointed out that with the increasing frequency of business exchanges and tourism between the two countries, the number of people traveling between the two places has increased significantly!

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