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.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Assembling phone components at Diem Thuy industrial zone in Thai Nguyen province. (Photo: VNA) 
