A Vietnam booth has been arranged at the International Coffee & Tea Industry Expo (ICT Asia) that is underway in Singapore from May 25-27, aiming to give a chance for Vietnamese businesses to introduce their products and trademarks, and seek partnerships with their Singaporean and international peers.
Singapore (VNA) – A Vietnam booth has been arranged at the International Coffee & Tea Industry Expo (ICT Asia) that is underwayin Singapore from May 25-27, aiming to give a chance for Vietnamese businesses tointroduce their products and trademarks, and seek partnerships with theirSingaporean and international peers.
Addressing the opening of the booth, Vietnamese Ambassadorto Singapore Mai Phuoc Dung said that the event helps Singaporean andinternational friends get a better understanding about the potential and strengthsof the Vietnamese tea and coffee industry, contributing to bringing Vietnamese farm producetrademarks to the world.
Dung said that trade ties between Vietnamand Singapore have been continuously growing. Two-way trade reached 9.1 billion USD in2022, up 11% year on year, he said, noting that Vietnam and Singapore are theonly two ASEAN member countries that have signed free trade agreements with theUK and EU.
The two countries have also joined a number of other tradedeals such as the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP),said the diplomat, adding that the two sides are taking full advantage of thedeals to speed up post-pandemic recovery and support each other.
Vietnam’s booth showcases more than 100 coffee, tea, milk and food products of 30 companies. Particularly, egg coffee makingperformance at the booth drew special attention of visitors.
Cao Xuan Thang, Vietnamese Trade Counselor in Singapore, saidthat the event is the first activities of the Vietnam Week in Singapore, whichaims to support domestic firms to increase the presence of their products in the Southeast Asian country. In the time to come, the Vietnam Trade Office will assist Vietnameseenterprises to access policies of Singapore and connect with local partners.
This year, ICT Asia, one of the leading trade fairs forthe coffee and tea industry in Southeast Asia, drew more than 240 businessesfrom 26 countries and is expected to lure over 10,000 visitors./.
Tea and dried fruits are key Vietnamese products being introduced at the International Agricultural Show (SIA), the biggest annual event in agriculture, husbandry, fishery and rural areas in France, which has been held from February 25 to Mach 5.
The Japanese Embassy in Hanoi on March 17 held a tea ceremony in the presence of visiting deputy grand master Machita Soryu of Urasenke, one of the three Japanese Tea Schools.
The export value of Vietnamese tea to China in the first two months of this year quadrupled from the same period last year, according to the General Department of Vietnam Customs.
According to the Ministry of Agriculture and Rural Development (MARD), tea exports in the first four months of this year reached 30,000 tonnes, worth 50 million USD, down 4.8% in volume and 5.8% in value compared to the same period last year.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Visitors at the Vietnam booth (Photo: VNA) 
