The strategic evolution of Wing Tai Group

Abstract

As the Singapore economy matures, there is an imminent need to develop an external economy to complement the domestic one in order to sustain steady economic growth and a good standard of living. This has prompted the Singapore Government to encourage local companies to venture overseas in order to tap the robust growth potential in the region. Consequently, there is an increasing urgency for local companies to establish a presence in the emerging economies such as China, Vietnam, and other parts of South-east Asia.