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.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
