Singaporean firms interested in food industry, agriculture in Vietnam
Singaporean businesses interested in food industry, agriculture in Vietnam
Many Singaporean firms are interested in investing in the food industry, agriculture, and dining services in Vietnam as they forecast that these sectors will thrive in the near future.
Singapore (VNA) – Many Singaporean firms are interested in investing in the foodindustry, agriculture, and dining services in Vietnam as they forecast that thesesectors will thrive in the near future amidst broader ASEAN integration.
Itwas according to Andy Yun, Secretary General of Singapore ManufacturingFederation representing more than 3,000 members operating in automation,biology, construction, heavy industry and more, during the second Vietnam –Singapore business exchange held in the island state on March 17.
Yundescribed Vietnam as a major market in the region with potential of agricultureand food industry. Meanwhile, Singaporean enterprises are strong in technology,supply chain and logistics – a supplementary factor to bilateral partnership.
NguyenVan Than, Chairman of the Vietnam Association of Small and Medium-sizedEnterprises, led a delegation of over 100 Vietnamese firms, many of them arestart-ups, to the event.
Hesaid many Singaporean enterprises actively connected with Vietnamese ones atthe event, proving that bilateral cooperation potential is huge.
Accountingfor over 97 percent of the total, Vietnamese SMEs contribute nearly 40 percentof the gross domestic product, 33 percent of industrial production value, 30percent of export value and attract more than half of the workforce, he said.
Ministerat the Vietnamese Embassy in Singapore Dinh Hoang Linh said the exchange is partof celebrations of the 45th anniversary of bilateral diplomatic tiesand the fifth anniversary of strategic partnership.
Statisticsshowed that Singapore is now the sixth largest trade partner of Vietnam in theworld and the second largest in ASEAN. Vietnam is also the 12th largest trade partner of Singapore.
Two-waytrade has grown 12-15 percent annually over the past years.
In2017 alone, two-way trade between Vietnam and Singapore neared 16 billion USD.Singapore ranks third among 126 countries and territories investing in Vietnamwith a total capital of roughly 43 billion USD. -VNA
Deputy Defence Minister Nguyen Chi Vinh and Singaporean Permanent Secretary for Defence Chan Yeng Kit co-chaired the 8th Vietnam-Singapore Defence Policy Dialogue in Hanoi on October 9.
The 13th Vietnam-Singapore Connectivity Ministerial Meeting opened in Hanoi on October 17, aiming to strengthen economic connectivity and trade cooperation between the two countries.
The National Assembly (NA) of Vietnam will issue more incentive policies and work alongside the Vietnamese Government to facilitate the operation of foreign investors, including those from Singapore, in the country, said NA Chairwoman Nguyen Thi Kim Ngan.
Vietnam wants to learn from Singapore’s experience in developing the intellectual property (IP) system in order to make IP an effective tool supporting technology development and boosting socio-economic development.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
