Singapore Business Review reported that Vietnamese economy rose more than expected in Q1-2019 with GDP at 6.8%, which was 0.3% above the Bloomberg median forecast, according to UOB Global Economics & Markets Research. Industrial sector is booming by new multinational companies in labor-intensive, export-oriented manufacturing and processing industries.
Meanwhile, on March 13, Nguyen Chi Dung, Vietnamese Minister of Planning and Investment and Chan Chun Sing, Singaporean Minister for Trade and Industry co-chaired the 14th ministerial meeting on bilateral trade. Both of ministers concurred that Vietnam and Singapore should put innovations and technologies as a priority in the era of the Industry 4.0. |
