14-16 Jun 2017 • 16-18 Aug 2017 • 11-13 Oct 2017 • 13-15 Dec 2017
The Straits Times article “Helping SMEs tap Asia's boom in infrastructure” on 15 Apr 2017 highlighted that South-east Asia requires infrastructure investments of S$3.9 trillion between 2016 to 2030 (Source: Asian Development Bank). Smart cities are on the rise and opportunities for Singapore companies abound within the infrastructure development sector in Indonesia, Vietnam and Myanmar, especially small-scale utility infrastructure projects ranging S$5-$70m for power, water and liquefied natural gas.
United Overseas Bank’s (UOB) Asian Enterprise Survey on 31 March 2016 indicated that 29% of Singaporean companies chose Vietnam as the preferred Asian destination for overseas business expansion in the next 3-5 years. Singapore was Vietnam’s largest ASEAN foreign investor as of Apr 2016 with US $38.1 billion (S$52 billion) and bilateral trade doubling over the past decade to hit $21.6 billion in 2015. However, there are intrinsic challenges Singaporean companies must consider when venturing into Vietnam. According to IE Singapore, these include:
It is vital that Singaporean companies recognise these challenges whilst respecting Vietnam’s local business culture to enter the Vietnam market successfully. Former World Bank Group & UN Senior Adviser Dr John Vong will be leading a team of four experts in Vietnam to give you hands-on business knowledge on how to start your own company, win business deals & tackle issues relating to government regulations, legal compliance & human resource deployment.
According to The Asian Development Bank, Vietnam GDP grew 6.7% in 2015 & is expected to reach 6.0% in 2016 & 6.3% 2017 – more than double of USA, EU & global growth. Strong growth in Vietnam’s export-oriented manufacturing, construction & services sectors enhances rising business confidence for future development in the country. To be part of this explosive growth, join us for this 2-day workshop Doing Business: Vietnam.
 IE Insights Vol. 11_Sep 2014 Vietnam: Opportunities Amidst Challenges
1: KNOWING THE MARKET (Day 1: Singapore)
Starting a business; handling construction permits; obtaining electricity; registering property; securing bank credit; protecting investors; settling taxes; trading cross-border; enforcing contracts; resolving insolvency
2: MANAGING THE RISKS (Days 2 & 3: Vietnam)
Mobilising manpower & talent; avoiding legal pitfalls; navigating government regulations; acquiring finance
Acquiring vital business intelligence in Vietnam
Gaining strategies to compete with established players in Vietnam
Navigating local government regulations
Managing local & foreign manpower & talent
Managing local market practices & government
Clearing customs & immigration
Identifying fastest growing industries of Vietnam
Sharing of local information by Guest Speakers from Vietnam
Visiting local companies’ operations
A Certificate of Attendance will be awarded by iCAM Singapore
* Does not include air tickets, airport transfers, hotel accommodation and other incidental expenses. Separate arrangements can be made with our local travel agent.
Moderator for Workshop
Former World Bank IFC & UN Senior Adviser
Founding Director, Singapore Fin Tech Academy @SMU
Professor, Lee Kuan Yew School of Public Policy, National University Singapore;
Independent Director, Hong Leong Vietnam;
Dr John Vong has 30 years of experience in SME Banking, Retail Banking & Public Finance throughout ASEAN, having conducted due diligence assignments in US & Hong Kong. He first started in HSBC (Hong Kong, Malaysia, Singapore, Australia) & consulted for Citibank, Standard Chartered Bank & ANZ Bank. In 2005, he arrived in Vietnam as a consultant & was Senior Resident Adviser for IFC World Bank in 2006, based in Mekong & Indonesia. He then helped list Sacombank on the Ho Chi Minh City Stock Exchange & later expanded the bank into Cambodia & Laos & nearly into US. He sat on the IT Steering Committee of Sacombank Vietnam & was the Deputy CEO for International Division. Today he runs a Digital Banking consulting practice in Singapore with strategic partners in Asia, Australia & Silicon Valley USA. Dr Vong holds a PhD from the University of Bradford UK, a Certified Practice Accountant of Australia & has taken professional development at MIT-Harvard University Consensus Building Institute.