Staying Ahead of the Competition: Insights from Singapore's Manufacturing Enclave in Vietnam

• Main Authors: YEOH, Caroline, GOH, Di Kun, HOW, Wilfred Pow Ngee
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Industrial parks; Singapore; Vietnam; economic competition; Asian Studies; International Business
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2869; https://ink.library.smu.edu.sg/context/lkcsb_research/article/3868/viewcontent/auto_convert.pdf
• Institution: Singapore Management University

The apparent success of Singapore-styled industrial parks in attracting foreign investments into the emerging Asian economies to capitalize on cheap and abundant resources has led, pari passu, to a mushrooming of similarly-patterned competitor parks in close proximity to the flagship projects. Many of the competitor parks offer either similar or comparable facilities, lower rates, or, in some cases, both. The ensuing dynamic competitive interactions between the competitor parks and the Singapore-styled parks have forced a re-examination of the viability of the Singapore advantage in navigating the economics of competition, and in sustaining competitive advantage. The Vietnam-Singapore Industrial Park (VSIP), unsurprisingly, faces this same, familiar predicament; and the premium value placed on its value-added services, self-sufficiency, infrastructure and non-corrupt reputation, has been called into question.