Thursday, May 24, 2012

Day 4 Reflections - Matthew

EQ1. Why is it important for Singapore to invest in Vietnam? 

Singapore is a small country with small work forces deployed in each factory, thus when mass producing objects such as coffee or other items, the duration is much longer and the profit isn't that good if the objects dont sell. Vietnam on the other hand is a larger country with a much larger population which will have larger work forces in factories and other work sites. If they invest in Vietnam they might be able to set up factories with the vietnam workforce which will push sales up by a huge percentage. Singapore and Vietnam have ongoing projects with each other it would allow Singapore to set up factories, schools etc. in Vietnam this is boost Vietnams economic and other factors which will prove to be a win-win situation for both countries. 

EQ2. How Singapore influences Vietnam?

Singapore's urban planning uses the 'Live - Play - Work - Learn' concept and design. In a certain area there will be a workplace with eateries beside it and some place nearby there will be housing for those workers and shopping centres for relaxation and play. This planning is very eminent in Vietnam Singapore Industrial Park (VSIP) where the work places, and other components of the concept are close to each other and separated which allows for the workers to eat in just a few steps. The roads are much wider there and housing is close to some workplaces.

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