Singapore (VNA) – A conference on promoting cross-border e-commerce and payment between Vietnam and Singapore was held in Shopee Singapore headquarters on May 30.
The event, held by the Ministry of Industry and Trade’s Asia-Africa Market Department and Vietnam E-commerce and Digital Economy Agency in collaboration with the Vietnamese trade office and Vietnamese Embassy in Singapore, took place in the context that both nations are ramping up efforts to develop their digital economy.
Vietnamese Ambassador to Singapore Mai Phuoc Dung highlighted the significance of the event, saying it met the requirements of the Vietnamese e-commerce enterprises while helping implement economic diplomacy activities that lay a foundation to upgrade the Vietnam-Singapore Comprehensive Strategic Partnership in the coming time.
Meanwhile, Director of the Asia-Africa Market Department Do Quoc Hung stated that e-commerce is an important component of the bilateral cooperation, describing the robust development of the e-commerce market of both sides as an opportunity for them to study and bolster cooperation and investment in the area.
President of the Singapore Manufacturing Federation Lemon Tan said Vietnam has become the most popular destination of Singaporean enterprises, given the country’s young and abundant workforce.
He suggested the two countries enhance trade promotion to ensure the efficacy of investment.
Doven Yap, Acquisition and Partnerships Lead at TikTok Shop Singapore, said Vietnam has wonderful agricultural products that will receive warm welcome in the Singaporean market if their production process as well as information are ensured./.
As the number of visitors to Singapore continues rising post-pandemic, the Monetary Authority of Singapore (MAS) is expecting more and higher-value cross-border payment transactions.
The Department of Industry and Trade of Ho Chi Minh City has coordinated with several e-commerce platforms to organise a series of seminars on cross-border e-commerce and global growth opportunities for Vietnamese businesses.
Mobile banking apps, e-wallets, QR code-based payments, e-commerce payment platforms and mobile wallet debit or credit cards are the preferred payment methods among Vietnamese consumers, the United Overseas Bank (UOB) said in its report “ASEAN Consumer Sentiment Study" (ACSS) which was released on November 1.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
