"Supporting SME Expansion into Vietnamese Production Bases"... Small and Medium Business Corporation Partners with VSIP

SMBC and Vietnam-Singapore Industrial Park Sign MOU
Consulting on Entry Procedures for Establishing Local Factories in Vietnam

The Small and Medium Business Corporation announced on the 25th that it had signed a memorandum of understanding (MOU) with the Vietnam-Singapore Industrial Park (VSIP) at the Binh Duong 1 Industrial Park building in Ho Chi Minh City, Vietnam, on the 24th (local time).

This agreement was pursued to support the global expansion of small and medium-sized enterprises, which are facing increasing difficulties due to the recent spread of protectionism and the strengthening of trade regulations. The main goal is to help domestic manufacturing companies secure stable production bases in Vietnam, thereby enhancing their competitiveness in overseas markets.

On the 24th (local time), Kang Seokjin, Chairman of the Small and Medium Business Corporation (fourth from the right), is taking a commemorative photo with officials involved in the Vietnam-Singapore Industrial Park business agreement at the office building of Binh Duong Industrial Park 1 in Ho Chi Minh City, Vietnam. Small and Medium Business Corporation

VSIP is Vietnam's largest industrial park development company, developing and operating 20 industrial parks across the country with a total area of 120 square kilometers, based on Singapore's advanced management systems.

The two organizations agreed to cooperate on several initiatives to support local settlement and operations, including: providing consulting on industrial park information and entry procedures for companies seeking to establish local factories in Vietnam; jointly holding policy briefings to address operational challenges faced by local production subsidiaries; and building cooperative networks among resident companies.

Meanwhile, on the 25th (local time), the Small and Medium Business Corporation held the "K-Tech College Hackathon 2025" at the Met Tower in Ho Chi Minh City, Vietnam, creating an opportunity to match domestic IT (information technology) companies, which are experiencing a shortage of software talent, with outstanding Vietnamese professionals.

Kang Seokjin, Chairman of the Small and Medium Business Corporation, stated, "This agreement and the hackathon event mark an important starting point for securing the global expansion foundation and network for our small and medium-sized enterprises. We will continue to strengthen cooperation with local institutions in Vietnam to provide unwavering support so that domestic SMEs can successfully enter the global market."

This content was produced with the assistance of AI translation services.