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Vietnam’s Economy Could Soon Be Bigger Than Singapore’s

Vietnam’s economy could be bigger than Singapore’s by 2029, says DBS Bank Ltd.

The Southeast Asian nation has the potential to grow at a pace of about 6%-6.5% over the next decade, DBS forecasts, citing strong foreign investment inflow and productivity growth in the coming years.

“If it can sustain that pace of growth, the Vietnam economy will be bigger than the size of the Singapore economy in ten years’ time,” Singapore-based economist Irvin Seah said in a research note Tuesday.

Americans Snap Up Imports From Vietnam at China’s Expense

Vietnam’s government expects gross domestic product to expand at least 6.8% this year. Future growth will be boosted as the nation’s favorable demographic dynamic, productive labor force, much-improved infrastructure and stable politics encourage international inflows, said Seah.

“Global investors have been lining up to be a part of the Vietnam narrative,” he said. “Strong FDI from China and Hong Kong in the first four months of this year may well mark the beginning of a new trend.”

 

— Source: Bloomberg —

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Consumer Good

Recently, Vietnam market is booming in developing domestic consumer products. Hundreds of foreign brands has brought a new face for consumer goods industry Vietnam.
From warehousing and management to distribution and delivery services, Super Cargo Service provides customized, scalable and flexible solutions that can be adapted to accommodate changing market demands. We focus in small & middle size company.
The Vertical Market Consumer offers integrated and global services to all customers in its cluster. By bundling Consumer know-how, it functions as a competence center within.With its vast array of resources, Super Cargo is the expert in delivering creative, high quality and cost effective solutions to meet the unique supply chain challenges of this ever-evolving industry.Super Cargo’s solutions have helped consumer goods manufacturers and suppliers streamline operations, reduce costs, improve efficiencies and enhance productivity.
Service focus:
Proven quality management and continuous improvement program to ensure consistent KPI performance and cost reduction;
Multi-user distribution centers in key markets to maximize your flexibility;
Experience with retail compliance requirements;
Coordination of direct ship programs from remote;
Suppliers to consumer markets.
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Successful Recertification According to ISO 14001 and 22000

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Looking Forward to the Next Million!

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Second Distribution Center in Portugal

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