Coffee firms expand Asian markets through Singapore
Singapore is expected to be an important gateway for Vietnamese coffee and other farm produce to increase their presence in the Asian market in addition to traditions ones like Europe and the US.
Singapore (VNA) – Singapore is expe♛cted to be an important gateway for Vietnamese coffee and other farm produce to increase their presence in the Asian market in addition to traditions ones like Europe and the US.
Vietnam’s coffee exports to Singapore record an average growth of 37 percent per year, Trade Counselor at the Vietnamese Embassy in Singapore Nguyen Viet Chi said on the sidelines of the 2016 International Coffee & Tea Industry Expo (ICT) in Singapore on March 3-5.
According to Singapore’s Department of Statistics, exports of Vietnam’s coffee and tea to Singapore were valued at 88 million USD in 2015, making up 21 percent of the country’s imports on the two products.
The figures illustrate that Vietnamese firms are expanding exports to Singapore - a trade hub in Asia and the world.
The ICT houses 140 pavilions from 20 countries and territories. The event creates a good chance for Vietnam to introduce its potential products to foreign businesses and seek partners.-VNA
Seven Vietnamese companies are displaying their products at the International Coffee and Tea Industry Expo 2014 and the Sweets and Bakes Asia 2014, being organised in Singapore from March 6-8.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Photo: VNA
