Conference looks for ways to boost exports to Singapore
Valuable information to enhance exports to Singapore was shared among experts and businesses at a seminar held by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) in the southern hub on June 25.
HCM City (VNA) – Valuableinformation to enhance exports to Singapore was shared among experts andbusinesses at a seminar held by the Ho Chi Minh City Investment and Trade PromotionCentre (ITPC) in the southern hub on June 25.
ITPC Director Pham Thiet Hoa said that besides a potential market forVietnamese farm produce and processed food, Singapore is an internationalservice hub, and a gateway for made-in-Vietnam products to be known amongworld’s leading retail giants, hotels and restaurants as well as foreignimporters.
Vietnam is currently among the top 15 trade partners of the neighbouringcountry, with a total export revenue to the market reaching 3.46 billion USD in2018.
As many Singaporean businesses are seeking to purchase food, garment andtextiles and wood furniture for domestic distribution and re-export to othermarkets, Vietnamese firms boast huge opportunities to develop its exportmarkets in the coming time, he stressed.
Meanwhile, Leon Cai, who is in charge of commercial affairs at the SingaporeanGeneral Consulate in Ho Chi Minh City, said Vietnamese businesses can enhancestrategic cooperation with Singaporean partners to nudge their products closerto the world, explaining that Singapore is one of the largest consumptionmarkets across the five continents.
Participants also pointed out food safety and hygiene as a major barrier forVietnamese firms while selling products to the Singaporean market. Many potentialgoods failed to enter the market as they are not qualified in terms ofpackaging and instruction for use.
Besides giving out detailed updates of Singapore’s policies and market, participantsalso shared experience in promoting the efficiency of value chain to reducelogistic costs.
Support packages for exporters were tabled at the event as well.-VNA
Prime Minister Nguyen Xuan Phuc is to make an official visit to Singapore from April 25-27 and attend the 32nd ASEAN Summit from April 27-28, which is expected to further foster the already sound partnership between the two countries.
Deputy Prime Minister and Foreign Minister Pham Binh Minh is set to represent the Vietnamese Government in signing a memorandum of understanding (MoU) on the operation principles of the Vietnam-Singapore cooperation centre.
Deputy Prime Minister cum Foreign Minister Pham Binh Minh and Singaporean Foreign Minister Vivian Balakrishnan shared their positive evaluations of the growth of the Vietnam-Singapore strategic partnership during their talks in Singapore on July 31.
More than 150 Vietnamese and Singaporean enterprises attended a conference in Singapore on November 27 to look for cooperation and investment opportunities.
Prime Minister Nguyen Xuan Phuc has asked for efforts to promote the Vietnam – Singapore ties in the near future, especially in national defence-security, economy, trade, investment, education-training, and people-to-people exchange, as well as joint work in ASEAN and other multilateral forums.
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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.
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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.
At the seminar in HCM City (Photo: VNA) 
