PHOTO: SINGAPORE BUSINESS FEDERATION
The VSBC, which will meet once a year, is a platform for business leaders to discuss issues of mutual interests, ways to strengthen economic and commercial ties and make joint recommendations to both the Singapore and Vietnam governments. SBF hopes to strengthen partnerships in five priority clusters - urban development, energy, consumer, industry 4.0 and manufacturing, and startups and innovation, it said.To date, 17 Singapore companies are in the council, representing various business sectors ranging from infrastructure and banking and finance to technology and education.Some of these companies include CapitaLand , Grab, UOB , PSA Corporation, NTUC Fairprice Co-operative and ST Engineering.
"Singapore companies recognise the abundant opportunities in Vietnam, evidenced by the growing bilateral trade and investments between both countries," said Douglas Foo, chairman of Sakae Holdings and vice-chairman of SBF.