Representatives from Vietnamese and foreign agencies cut ribbons to open Vietnamese booth at Franchising & Licensing Asia (FLAsia) in Singapore. (Photo: VNA)
Singapore (VNA)🌸 – Vietnamese exhibitors are attendingthe Franchising & Licensing Asia (FLAsia) held in Singapore from August17-19.
Over 100 brands from Australia, Hong Kong (China), Malaysia,Philippines, Singapore, the Republic of Korea, Taiwan (China), the US, andVietnam are on show at the event - Asia’s leading franchising & licensingmarketplace. This is the second time Vietnam has joined the event, with the presence of the Vietnamese trade office in Singapore, Hanoi's Department of Industry and Trade and 17 companies. Singapore’s Minister of State for Trade and Industry Low Yen Ling in her opening speech of FLAsia 2023 highly appreciatedthe participation of Vietnam as well as the potential and strengths of brandsfrom the country.
She said she is impressed with the new products displayed by Vietnamesebusinesses when she visits the Vietnamese booths.
ജ Vietnamese products at FLAsia 2023 also attracted the attentionof Singaporean and international businesses, and diplomatic officials fromother countries.
Within the framework of FLAsia 2023, the Vietnam Trade Office inSingapore and the Hanoi Department of Industry and Trade coordinated toorganise a conference on Singapore’s Halal market and connectVietnam-Singapore businesses. More than 100 Vietnamese businesses registered toattend the conference online while nearly 100 Vietnamese and Singaporeanbusinesses attended in person. Speaking at the conference, Vietnamese Ambassador to SingaporeMai Phuoc Dung said that Singapore has experience in commercial development,including Halal products. Singapore has a very good Halal certification system,which is recognised by Islamic countries such as Brunei, Indonesia, Malaysia,and other major trading partners. Therefore, Singapore is an ideal gateway for Vietnamese businesses in the production, trade, and re-export of Halalfood products to major Islamic countries./.
The National Innovation Centre (NIC) under the Vietnamese Ministry of Planning and Investment (MPI) and the National University of Singapore (NUS) have signed a memorandum of understanding (MoU) on cooperation in conducting activities to enhance the innovation capacity in both countries.
A ceremony was held in Hanoi on August 1 to mark the 50th anniversary of the Vietnam - Singapore diplomatic relationship (August 1, 1973 - 2023) and the 10th anniversary of their strategic partnership.
Sunrise Material of Singapore signed an agreement with a Vietnamese company on August 11 to develop a polymer wrap film production project worth 100 million USD in the northern province of Nam Dinh.
Foreign direct investment (FDI) inflows into Vietnam have gradually recovered with many large-scale investment projects following the COVID-19 pandemic as well as political and economic uncertainties in the world.
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.
Representatives from Vietnamese and foreign agencies cut ribbons to open Vietnamese booth at Franchising & Licensing Asia (FLAsia) in Singapore. (Photo: VNA) 
