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Low labour costs, strong investor interest drawing S’pore start-ups into Vietnam

SINGAPORE – The number of start-ups from Singapore venturing overseas through Enterprise Singapore’s Global Innovation Alliance (GIA) acceleration programmes has ballooned to more than 400 in less than five years. One of the more popular destinations is Vietnam, with its large workforce, lower labour costs and sizeable market, say experts. “The labour force in Vietnam is increasingly […]

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Moody’s upgrades ratings of 12 Vietnamese banks

Moody’s Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam’s sovereign rating to Ba2 from Ba3. Moody’s has upgraded the long-term local (LC) and foreign currency (FC) deposit and issuer ratings of eight banks by one notch (Vietcombank, BIDV, OCB, SeABank, TPBank, Agribank, VIB, VietinBank) and the LC and FC […]

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