Gan Kim Yong: Singapore’s Deputy Prime Minister and Minister for Trade and Industry
Gan Kim Yong has been a prominent figure in Singaporean politics, serving as the Deputy Prime Minister since 2024 and as the Minister for Trade and Industry since 2021. His extensive career includes key roles such as Chairman of the Monetary Authority of Singapore and oversight of the Strategy Group in the Prime Minister’s Office. He also contributes to the Research, Innovation and Enterprise Council and the National Research Foundation Board.
Early Career and Education
Born on February 9, 1959, Gan attended Catholic High School and National Junior College before earning an Overseas Merit Scholarship to study at the University of Cambridge. He completed his Bachelor of Arts degree in electrical engineering in 1981 and later obtained a Master of Arts from the same institution in 1985.
Gan began his professional journey in the Singapore Civil Service, working at the Ministry of Trade and Industry (MTI) and the Ministry of Home Affairs (MHA). He transitioned to the private sector in 1989, joining NatSteel Ltd., where he rose through the ranks to become the CEO and President by 2005.
Political Career
Entering politics in 2001, Gan became a Member of Parliament (MP) for the Holland–Bukit Panjang GRC. Over the years, he has held various ministerial roles, including Minister for Manpower and Minister for Health, where he implemented significant healthcare policies, such as the Pioneer Generation Package and CareShield Life.
In response to the COVID-19 pandemic, Gan co-chaired the Multi-Ministry Taskforce, overseeing Singapore’s strategic response to the crisis. His leadership during this challenging period helped balance public health with economic stability.
In May 2024, he was appointed Deputy Prime Minister and Chairman of the Monetary Authority of Singapore, affirming his influence in shaping Singapore’s economic and monetary policies. He also took on the role of Acting Prime Minister in the absence of the Prime Minister and became chairman of the Economic Development Board’s International Advisory Council.
Vision for the Future
Gan envisions a Singapore where strong family and community bonds prevail, enabling citizens to unite in facing future challenges while seizing opportunities. He is dedicated to creating inclusive policies that support all Singaporeans, particularly in areas of healthcare, employment, and education.
As a proud representative of Chua Chu Kang GRC, Gan continues to engage with constituents and remains committed to ensuring that every Singaporean can thrive in an ever-changing global landscape. He is married and has two daughters, balancing his public service with a commitment to family.
Achievements of Mr. Gan Kim Yong: Key Contributions to Singapore’s Economic Landscape
- Ministerial Leadership:
- Appointed Minister for Trade and Industry in 2021, focusing on new growth opportunities for Singapore’s economy.
- Served as Minister for Health for ten years, overseeing significant healthcare initiatives and reforms.
- Held the role of Minister for Manpower for three years, driving workforce development strategies.
- Economic Initiatives:
- Played a pivotal role in enhancing the U.S.-Singapore Free Trade Agreement (USSFTA), the first bilateral trade agreement the U.S. signed with an Asian country in 2004.
- Promoted Singapore as a strategic hub for over 5,800 U.S. companies, contributing to job creation and economic growth in both nations.
- Private Sector Experience:
- Led NatSteel Ltd as CEO and President, steering the company through significant growth and transformation in the steel industry.
- Public Service Career:
- Began his career in the Singapore Civil Service, gaining valuable experience in the Ministry of Trade and Industry and the Ministry of Home Affairs before transitioning to the private sector.
- Long-term Vision:
- Continues to advocate for sustainable economic practices and innovative solutions to strengthen Singapore’s position in the global economy.
Conclusion
Mr. Gan Kim Yong’s leadership as Singapore’s Minister for Trade and Industry is vital for shaping the nation’s economic landscape. His focus on international partnerships, especially with the U.S., emphasizes collaboration in driving growth and innovation. As he navigates the global economy, Mr. Gan remains committed to identifying new opportunities that enhance Singapore’s position as a leading financial hub, ensuring a prosperous future for all.