In May 2012, Scott traveled to Saigon (you are a Communist apparently if you say Ho Chi Minh City) and Singapore to study the investment environments there. He chose Singapore because it is the haven for the ultra wealthy, particularly in Asia/ China and is becoming so for Americans as well. He wanted to study the government, real estate environment, and tax structure and met with fellow Chartered Financial Analyst (CFA) Charter holders to get first hand knowledge and information.
While Vietnam was exceedingly affordable, Scott spent about 75% of his travel budget on his 3 day trip to Singapore, while he spent about a week in Vietnam. When Cornerstone travels, Mark and Scott stay at lower-to-middle range price hotels (it’s all about value), and the cheapest hotel Scott could find in Singapore was $300/night, and it was VERY trendy.
It was very interesting for Scott to contrast life in Singapore versus Vietnam to try to picture Vietnam’s opportunity for development as an emerging market. To learn more about Scott’s trip or to schedule a presentation with him at your local professional organization, please contact us.