Topic: Singapore

This marks a significant milestone in agricultural trade relations between the two countries and is expected to boost Vietnam's export turnover for livestock products.

The annual revenue of the industry in Vietnam expected to exceed $25 billion, with an annual value-added growth rate of 10-15% in the 2024-2030 period.

Vietnam's exports to the Singaporean market in the first two months of this year reached over SGD1.54 billion ($1.15 billion), a 23.21% increase compared to the same period last year.

The event took place during Party General Secretary To Lam’s official visit to Singapore.

The air route was launched during Party General Secretary To Lam’s official visit to Singapore between March 11-13.

The bilateral ties upgraded during Party General Secretary To Lam’s official visit to Singapore from March 11-13.

Vietnam currently ranks 15th out of Singapore's 20 largest import partners and is Singapore's 8th largest export market.

Vietnam holds a strong position in the Singaporean seafood market with frozen fish fillets (30.30% share) and processed fish products (18.52% share).

Singapore emerged as the largest investor among the 80 countries and territories in terms of newly registered capital.

Two-way trade turnover hitting SGD28.6 billion ($21.03 billion) in the first 11 months of 2024.