Assembling phone components at Diem Thuy industrial zone in Thai Nguyen province. (Photo: VNA)
Hanoi (VNA) - The two-way trade turnover between Vietnam andSingapore is estimated at 1.3 billion USD in the first two months of 2022, up6.3 percent year-on-year.
According to the Ministry of Industry and Trade, over thepast time, the structure of Vietnam's exports to the Singaporean market isrelatively stable with numerous items earning high turnover such as computers,electronic products and components, means of transport and spare parts, phonesand accessories, and glass and glass products.
In addition, agricultural and aquatic products are potentialcommodities that Vietnam has strengths to promote its export to Singapore.
Vietnam is currently Singapore’s fourth biggest exporterof aquatic products, accounting for 12 percent of the country’s total import ofthis group of commodity.
Meanwhile, Vietnam mainly imports machinery, equipment,tools, spare parts, computers, electronic products, chemicals, and cosmetics fromSingapore. In January-February, the import value is estimated at 643 million USD,down 2.3 percent year-on-year./.
President Nguyen Xuan Phuc’s State visit to Singapore from February 24-26 is of great significance, as it is the first by a head of state to Singapore since the onset of the COVID-19 pandemic, and also the first high-level delegation exchange between the two countries since April 2018 when Phuc visited Singapore as the Prime Minister of Vietnam.
The State visit to Singapore by President Nguyen Xuan Phuc from February 24 to 26 is a very special and highly anticipated event in the city state, according to Assoc. Prof. Vu Minh Khuong from the Lee Kuan Yew School of Public Policy.
Vietnam is anticipating a great chance to further promote its trade with Singapore, which has yet to be on par with the potential of both nations, as President Nguyen Xuan Phuc is scheduled to pay a State visit to the city-state from February 24-26.
President Nguyen Xuan Phuc’s State visit to Singapore from February 24-26 shows the importance of Vietnam-Singapore relations in their foreign policies, an expert has said.
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.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
Assembling phone components at Diem Thuy industrial zone in Thai Nguyen province. (Photo: VNA) 
