Vietnamese booth at the 2016 Food & Hotel Asia (Photo: VNA)
Singapore (VNA) – Scores of Vietnamese businesses are promoting t♈heir products at the Food & Hotel Asia 2016 (FHA) expo in Singapore f🐠rom April 12-15.
The biennial event, the largest of its kind in Asia , drew enterprises from over 70 countries and territories, to sell their products at more than 3,000 stands.
Close to 68,000 visitors, mainly business players, from 95 countries and territories, registered to participate in the fair.
Vietnamese Trade Counselor to Singapore Nguyen Viet Chi told reporters from the Vietnam News Agency that FHA 2016 offers a good chance for domestic companies to seek partners in the region, view the latest in food processing technology and equipment, and study customers’ tastes.
As a member to the ASEAN Economic Community and the Trans-Pacific Partnership (TPP) Agreement, Vietnam should be aware of both opportunities and challenges, especially for sectors that have strength in exports.
Vuong Thanh Long, Director of Business Development at the Hung Hau Agriculture Corporation, said Vietnamese businesses lack close cooperation when reaching out to foreign markets.
Additionally, the price competitiveness among domestic enterprises does not create a firm foundation for them to develop in the global playground, he added.
Director General of the Hello Coffee 5 Company Tran Tan Thien suggested businesses be more proactive in joining international trade fairs to seek new customers.
Exporters of advantageous products such as coffee, rice and seafood need to create new products to make inroads in choosy markets like Japan, Europe and the US, he recommended.
According to Singapore’s Department of Statistics, Vietnam exported 320 million USD worth of food to Singapore, making up nearly 4 percent of the market’s food import. This means the potential to increase food exports to Singapore as well as from Singapore to other countries in the region remains large.-VNA
Thirty Vietnamese businesses and joint ventures are taking part in the 19th Food & Hotel Asia Fair (FHA 2014), which kicked off in Singapore on April 8.
The ministries of Agriculture and Rural Development, and Industry and Trade co-hosted a seminar on February 18 to discuss ways to further promote the export of farm produce to foreign markets.
Agro-forestry-fishery exports were estimated to yield 4.2 billion USD in the first two months of the year, rising 5.5 percent from the same period last year.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
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Vietnamese booth at the 2016 Food & Hotel Asia (Photo: VNA)
