Doing Business in Vietnam and Singapore
The U.S.-Vietnamese commercial relationship has grown dynamically since the United States lifted its trade embargo against Vietnam in 1994 and the two countries renewed diplomatic relations in 1995. The U.S. is now Vietnam’s largest export market and a major source of foreign direct investment, helping fuel Vietnam’s remarkable economic growth. Conversely, in 2015, Vietnam was the United States’ fastest growing export market, demonstrating the increasing demand for U.S. technologies and goods. This populous country of over 90 million consumers, with a positive view towards the U.S., exhibits the demographics needed for continuous growth over the next twenty years, and is a rising star among Asia’s bustling economies. U.S. firms, however, have been slow to take advantage of the growing opportunities that Vietnam presents, to the benefit of regional competition in Asia.
The Singapore economy expanded by 2.0% in 2015 and real GDP is forecasted to grow between 1.0% and 3.0% in 2016. Foreign investments, combined with investments through government-linked corporations, underpin Singapore's open, heavily trade-dependent economy. U.S. exports to Singapore totaled $28.7 billion in 2015, down 5.2% and U.S. imports from Singapore rose 10.8% to $18.2 billion. China was Singapore’s top source of imports, followed by the United States, Malaysia, Taiwan, Japan, South Korea, Indonesia, Germany, United Arab Emirates, and Saudi Arabia.
In 2016, the U.S. and Singapore commemorated 50 years of formal bilateral relations. Trade between the U.S. and Singapore has continued to expand, thanks to one of the most successful FTAs on record, reaching $47 billion in 2015. Singapore was the United States’ 13th largest export market and 17th largest trading partner in 2015
Singapore has been ranked #1 in the world for ease of doing business
The Singapore economy expanded by 2.0% in 2015 and real GDP is forecasted to grow between 1.0% and 3.0% in 2016.
Welcome and Introduction
Herbert Ouida, Director, Global Enterprise Network, Fairleigh Dickinson University ( Moderator)
Viet Nam is open and ready for all Aspects of International Business
Le Cong Tien, Chief Economic Counselor of the Embassy of Viet Nam
A unique Opportunity to participate in a Trade Mission to Vietnam and Singapore
Brian N. Beams, International Trade Specialist, U.S. Department of Commerce/ International Trade Administration
The Full Range of International Business Services Offered by the State of New Jersey
Eddy Mayen, Director, Office of International Business Development, State of New Jersey, Business Action Center
Date: January 13, 2017
Time: 8:30 a.m. to noon
Location: Rutherford Room, Student Union Building, Metropolitan Campus, FDU, Teaneck, NJ
Google Maps Directions to FDU
Registration is open now and is required for the event.
This seminar is for free, but you must register with Jeff Teller firstname.lastname@example.org
For more information, contact:
Office of Global Learning
1000 River Road,
Mail Code: H-DH2-15
Suite: Dickinson Hall 2155
Teaneck, NJ 07666