Cross-border collaboration will be key to unlocking the next growth opportunities as Vietnam is an emerging player in the industry, with a market size exceeding 18 billion USD in 2024 and projected to rise to over 31 billion USD by 2029, said a representative from the Singapore Semiconductor Industry Association.
Vietnam’s exports to Singapore continued the growth trajectory in November, rising by 31.32%, sustaining the year-on-year expansion of 32.11% for the first 11 months, positioning Vietnam as the partner with the fastest export growth there, reported the Vietnam Trade Office in the city state.
The Vietnam Trade Office in Singapore has advised Vietnamese manufacturers, exporters, and distributors of household water heaters and commercial refrigerators to take note of the island nation’s new energy-saving regulations for these products, which will be effective next year.
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore, according to the Vietnam Trade Office in Singapore.
More high-quality Vietnamese products have reached consumers in Singapore thanks to the efforts of the Vietnam Trade Office in the Southeast Asian country and FairPrice, a reputable Singaporean retailer.
A webinar on e-commerce opportunities in Singapore and countries in the region for Vietnamese goods was held on July 21 by the Vietnam Trade Office in Singapore, the Ministry of Industry and Trade’s Department of Asia-Africa Markets and the Vietnam E-Commerce and Digital Economy Agency (iDEA).
A week of Vietnamese goods kicked off on December 6 in Singapore, aiming at promoting Vietnamese products and brands during the peak consumption season in the Singapore market.
An online trade conference took place on July 29 offering Singaporean investors insights into investment opportunities in the Central Highlands province of Lam Dong and the south-central provinces of Ninh Thuan and Binh Thuan.
Vice Chairman of the People’s Committee of the Mekong Delta city of Can Tho Truong Quang Hoai Nam vowed to provide all possible support to Singaporean firms to do business in the locality, during a Singapore-Can Tho trade and investment promotion seminar on October 17.
