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29/10 2018

Pivot Point: Singapore

Russtroyconsulting holding company took part in the RSBF – Russia-Singapore Business Forum, September 18-19, 2018

Since 2006, the Forum has traditionally been held in Singapore at the conclusion of a meeting of the Intergovernmental Russian-Singapore High Level Commission (HLC). This year the 9th meeting has already been held under the co-chairmanship of the Deputy Prime Minister of Russia Maxim Akimov and the Deputy Prime Minister and Coordinator of the Economic and Social Policy of the Republic of Singapore Tarman Shanmugaratnam.

Russian-Singapore Business Forum.

The first time took place in 2006 when the legendary Prime Minister of Singapore, Lee Kuan Yew, made a speech at the opening. Then the prime minister said: “Despite the insignificant trade with Russia, it is necessary to expand cooperation with Russian companies, both state and private.” At that time, the turnover was less than 1 billion USD; the countries reached their historic maximum in 2014, when a turnover of over 6.1 billion USD was shown; As of 2017, this index was recorded at 4.4 billion USD with a tendency to rapid growth, more than 94% compared to the previous year. One of the largest Forums was held in 2009 and was timed to coincide with the first visit of the Russian president to Singapore, then it was Dmitry Medvedev. Since 2010, Business Forums have been held at the conclusion of the HLC sessions.

In 2018, the event was organized by Enterprise Singapore, while the official partner was the Russian-Singapore Business Council, who organized a special business mission from among the leaders of Russian innovative enterprises – including the head of investment and business consulting at HK Russtroyconsulting, Dmitry Evtin.

The Russian-Singapore Business Council is actively engaged in shaping the presence of Russian business in Singapore – an emphasis is placed on an integrated strategy for locating Russian investment high-tech projects in the country’s techno parks. The program partners are Rostec Corporation and the Russian Export Center from the Russian side, and the Singapore Ministry of Foreign Affairs in conjunction with the Economic Development Board from Singapore, respectively. The most important part of the strategy is to provide direct communications for representatives of the Russian and Singaporean businesses – including, of course, being present at major ASEAN industry.

“Increasing the volume of high-tech exports will contribute to the expansion of knowledge-intensive industries and the development of new technologies and products. The Russian export center has a wide range of tools to support high-tech exports, both financial and non-financial. The agreement signed today introduces one more, I am sure it will be useful and effective. Southeast Asia is a rapidly developing region, it is extremely interesting from the point of view of scaling supplies of Russian high-tech”.

Anna Belyaeva, Managing Director, REC for International Development

ASEAN demonstrates the highest rates of economic growth – in the period from 2010 to 2017, the economies of the countries participating in this international integration association more than doubled. So, if in 2010 the aggregate GDP of the ASEAN countries was 1.1 trillion US dollars with a foreign trade turnover of 1.4 trillion US dollars, then seven years later the figures were already 2.4 trillion and 2.3 trillion US dollars, respectively.

“Singapore is a recognized financial, technological and logistic center of ASEAN, Russia is a similar center in the EAEU. This opens up broad opportunities for Singaporean companies to enter the markets of the countries of the Eurasian Economic Union and Russian – into the markets of the Association of Southeast Asian Nations.”

Sergey Pronin, General Director of RSDS Trading House

Within the framework of RSBF-2018 russian projects were presented to Singaporean companies and representatives of government structures who are responsible for the development of international business (at the sites of the Singapore Technopark and the joint “Center for the Promotion of High-Tech Companies and Presentation of Investment Projects”). The exhibition featured projects of the HK Russtroyconsulting, including the Ecoterra innovative tourism cluster. The presentation of the seaside project was attended by Deputy Director of the state agency EDB Lim Swee Nian and Deputy Minister of Foreign Affairs of Singapore Tham Borg Tsien, as well as the head of the Russian delegation – including the Deputy Director General of the Rostec corporation, the head of the Russian-Singapore Business Council Nikolay Anatolyevich Volobuev and Managing Director of the REC for International Development Anna Vladimirovna Belyaeva.

The Ecoterra project attracted the attention of Singaporean companies interested in the potential for launching joint Russian-Singapore projects – which, as Russtroyconsulting emphasized, not only ensure efficient entry of investors into the Russian tourist market, but also imply the improvement of the relevant infrastructure. This, in turn, allows attracting Asian tourist traffic (Singapore, in particular) and supporting Russia’s efforts in positioning of the Primorsky Krai as the “Eastern Gate” of our country. As the coordinator of Ecoterra, HC Russtroyconsulting offered to use the project as a basis for a number of Russian-Singapore pilot initiatives; The idea was actively supported by representatives of state business development agencies and representatives of the Singapore Ministry of Foreign Affairs, as well as by the REC leadership. In particular, they discussed the possibility of forming a specific list of business projects for creating joint work sites of innovative Russian companies supported by REC and Singapore government agencies. Currently, Russtroyconsulting is defined as a company that provides assistance in the practical implementation of this initiative; Relevant agreements are being prepared with the REC, Rostec Corporation and Singaporean agencies.

“I am confident that the signed agreements will contribute to the expansion of cooperation between Russian companies and companies in South-East Asia. We have agreed on effective mechanisms through which Russian companies will have the opportunity to strengthen their presence in the promising Asian region.”

Nikolai Volobuev, Deputy Director General of Rostec State Corporationand Chairman of the Russian-Singapore Business Council.

Economic Development Board (EDB)

Government agency of Singapore, established under the Ministry of Trade and Industry. The declared goal is to develop and implement an integrated strategy for improving the status of Singapore as a global center for business, innovation and culture; promoting sustainable economic growth, business prosperity and the creation of good opportunities for work and business in Singapore. Chairman – Dr. Beh Swan Gin.

Russian-Singapore Business Council

It was founded in 2009 on the initiative of the Chamber of Commerce and Industry of the Russian Federation with the support of the Ministry of Economic Development of the Russian Federation and the Rostec State Corporation. Currently, it includes more than 60 Russian large and medium-sized enterprises and associations. Chairman – Nikolay Anatolyevich Volobuev.

The executive structure of the Russian-Singapore Business Council is RSDS Trading House, established by the decision of the Board of the Council in 2016. The main tasks of TD RSDS are the expansion of bilateral and multilateral trade and economic turnover between Russian and Singaporean companies in non-primary sectors of industry and services. It is the operator of the Platform RSTrade, which hosts more than 81 thousand companies. He is the exclusive representative of a number of Russian companies in Singapore and the ASEAN countries and a number of Singaporean companies in Russia.

Russian-Singapore Business Council in social networks:



Rostec State Corporation

The largest industrial association of the Russian Federation, established in 2007. The structure includes 14 holdings and about 700 enterprises, which employ more than half a million employees. Rostec’s declared work objective: “Improving the quality of people’s lives through the creation of high-tech, “smart” products. The general director is Sergey Viktorovich Chemezov.

Russian Export Center (REC)

The State Institute for the Support of Non-Commodity Export, created with the support of the Government of the Russian Federation. The center is a “single window” for working with exporters in the field of financial and non-financial support measures, including interaction with relevant ministries and departments. For the formation of the “single window” concept, the Russian Agency for Export Credit and Investment Insurance (EXIAR) and Roseximbank JSC are integrated into the group of the Russian Export Center. As part of its activities, the REC provides a wide range of services to producers of non-primary products at all stages of the export cycle, interacts with relevant executive authorities, prepares proposals for improving business activities in terms of export and foreign trade activities, regularly interacts with representatives of the business and expert community, helps overcome barriers and removal of “systemic” restrictions. Chairman of the Board of Directors of REC is Igor Ivanovich Shuvalov.

REC group in social networks:




Center for the promotion of Russian high-tech companies and presentation of investment projects

Established in 2017 on the basis of Singaporean company Progression Engineering (S) Pte Ltd – in turn, created at the initiative of the Russian-Singapore Business Council with the support of Rostec State Corporation. The goal declared by the Center is the development of international cooperation between Russian and Singaporean companies, including for bringing products and technologies to the markets of third countries. The director is Winnie Theo.

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