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.
Industrial parks, Singapore, Vietnam, economic competition
Asian Studies | International Business
Strategy and Organisation
80th Annual Conference of the Western Economic Association International, San Francisco, July 4-8, 2005
City or Country
San Francisco, CA, USA
YEOH, Caroline; GOH, Di Kun; and HOW, Wilfred Pow Ngee.
Staying Ahead of the Competition: Insights from Singapore's Manufacturing Enclave in Vietnam. (2005). 80th Annual Conference of the Western Economic Association International, San Francisco, July 4-8, 2005. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/2869