China's Minister of Commerce Wang Wentao and Singapore's Minister for Trade and Industry Gan Kim Yong have signed a Memorandum of Understanding, announcing the substantive conclusion of negotiations on an upgraded bilateral free trade agreement (FTA), Xinhua news agency reported.
People sit next to a pond outside the Marina Bay Shoppes shopping center in Singapore. (Photo: Agencies)
Hanoi (VNA) - China's Minister of Commerce Wang Wentao and Singapore'sMinister for Trade and Industry Gan Kim Yong have si🐼gned a Memorandum ofUnderstanding, announcing the substantive conclusion of negotiationson an upgraded bilateral free trade agreement (FTA), Xinhua news agencyreported.
Theupgraded FTA, which will boost market access for businesses from bothcountries, adds a new standalone chapter on telecommunications, andincorporates high-level economic and trade rules on national treatment, marketaccess, transparency and the digital economy, among others, Chinese Ministry ofCommerce said in a statement.
Thetwo sides also conꦚfirmed that there will be no rollback of opening-up measu🧸resin the service trade and investment sectors, and promised to each other thatthe respective doors of opening up will only be wider.
The ministry also said that it will strongly push China-Singapore economic and tradecooperation to a new level.
Chinaand Singapore signed the FTA in 2008 and upgraded it in 2018. In December 2020,the two sides upgꦬraded tඣhe agreement again and launched subsequent negotiationsto further liberalise service trade and investment based on a negative-listmodel.
The above-mentioned announcement was made in the context that Chinaand Singapore on April 1 issued a joint statement on the establishment of ahigh-quality future-oriented comprehensive partnership on the occasion of anofficial visit to China of Singapore Prime Minister Lee Hsien Loong./.
The Monetary Authority of Singapore (MAS) said on March 16 that the exposure that Singaporean banks - DBS, OCBC and UOB - have to troubled banking giant Credit Suisse are "insignificant.”
Singaporean President Halimah Yacob met with Yang Di-Pertuan Agong of Malaysia Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah on March 21 within the framework of her state visit to Malaysia.
The Monetary Authority of Singapore (MAS) said on March 23 that the Nexus Project prototype of the Bank for International Settlements (BIS) has successfully connected with the payment systems of Europe, Malaysia and Singapore.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
People sit next to a pond outside the Marina Bay Shoppes shopping center in Singapore. (Photo: Agencies) 
