Singaporean, Vietnamese businesses foster connectivity

VOV.VN - A conference on Singapore-Vietnam business connectivity was held in Ho Chi Minh City on October 15, drawing representatives of 12 Singaporean businesses including two groups - Sembcorp and NTUC, who are on a Vietnam trip from October 15-19 to seek trade and investment opportunities.

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Addressing the conference, Nguyen Thi Van Nga, deputy director of the Agency for Southern region of the Ministry of Industry and Trade, spoke highly of the close connectivity between Singaporean and Vietnamese businesses, adding that the event offers a chance for them to compare notes and transfer technology in order to improve the quality of services and accelerate investment and trade cooperation.

Ho Si Bao, director of Bapula Chocola Company, said he hopes that after the conference his company can seek partners to distribute chocolate products in the Singaporean market.

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Daininal Sani Lim, a representative of the Singapore-Malaysia Chamber of Commerce and Industry, said that besides fact-finding tours at industrial groups and parks, the HCM city trade connectivity conference helped participants look for partners and investment opportunities

Bilateral trade and investment ties have developed extensively. Singapore has been one of the biggest trade partners and foreign investors in Vietnam since 1996. Total trade turnover increased by 8.9% to US$8.3 billion in 2017. Vietnam mainly exports computers and components, means of transport and spare parts, material plastics, crude oil and petroleum to Singapore.

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