Since Singapore's establishment, the government has recognised that its greatest asset is people. This understanding has led to long-term strategies aimed at strengthening workforce capabilities through a well-structured education system that spans primary and secondary school, college, and university.
Data from the commission’s Vietnam Productivity Institute revealed that while productivity growth slowed during 2020-2023 due to COVID-19 impacts and global political instability, Vietnam maintained an impressive average productivity growth rate of 5.6% annually from 2016 to 2023. This placed Vietnam among the leading nations in Asia for productivity growth, outpacing regional peers such as Singapore (3.3%), Malaysia (2.6%), Thailand (2.6%), the Republic of Korea (3.8%), and Japan (0.2%).
Vietnam's fruit and vegetable sector aims to achieve 8 billion USD in export revenue in 2025, building on significant market expansion and sound growth, according to the Vietnam Fruits and Vegetables Association (VINAFRUIT).
The Ministry of Finance has proposed the National Assembly extend the agricultural land tax exemption until December 31, 2030, a move aimed at encouraging investments in agriculture and rural areas to improve the competitive edge of the agricultural products amidst deeper international integration.
Although South Asia is an enormous market with substantial consumer demand well-suited for Vietnam's key export staples, trade potential with the region remains fully untapped, experts revealed at a workshop in Ho Chi Minh City on November 13.
Vietnamese exporters are navigating a landscape filled with both promise and peril, and experts urge them to bolster their defence against trade remedy investigations while capitalising on surging global demand.
Vietnam continued to be the top source of rice in Singapore, with 73.4 million SGD (over 54.6 million USD) worth of rice shipment to the nation during January-June, a year-on-year surge of 54.67%.
Vietnam has scored higher overall than China and Bangladesh in the United States Fashion Industry Association (USFIA)’s recent survey comparing the competitive advantages of textile-exporting countries to the US.
Vietnam’s fisheries exports generated nearly 2 billion USD in revenue from January – March, up 8% year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The northern province of Bac Giang will continue improving its business environment and strive to secure its position in the top five most competitive cities and provinces in the nation, according to the Director of the Provincial Department of Planning and Investment Bui Thi Thu Thuy.
The Mekong Delta province of Hau Giang, boasting strategic geographical location in the southwestern region, should capitalise on its strengths for fast and sustainable growth, making contributions to the region and country’s development, President Vo Van Thuong said on January 1.
As many as 20 million Vietnamese youths will receive support to improve their digital business capacity and develop their startups under a programme launched by the Supporting Centre for Youth’s Startup, and the Centre for Enabling Startups and Knowledge Transfer and the Centre for Student Support under the Vietnam National University - Hanoi, in Hanoi on December 20.
Indonesian Trade Minister Zulkifli Hasan has urged regional governments to support the micro-, small-, and medium-sized enterprises (MSMEs) to step up digital transformation so as to enhance competitive edge for domestic products.
Though the first batch of fresh durians officially exported to China received a warm welcome from local consumers, both sides need to outline measures to boost sustainable export of the fruit since it is currently selling for a lower price than those from Thailand and Malaysia.
New technologies from the fourth Industrial Revolution will be applied in livestock breeding in order to produce safe and high-quality output while improving the husbandry sector’s competitive edge, according to the husbandry development strategy for the 2021-2030 period and vision to 2045.
Despite the difficulties posed by the COVID-19 pandemic, Vietnam can still reach its annual export growth target of 7-8 percent if market opportunities are optimised, experts have said.
The Indonesian Industry Ministry is drawing up strategic steps to speed up transformation toward the Fourth Industrial Revolution in the manufacturing sector, Antara News reported.
The Central Highlands province of Dak Lak is making concerted efforts to develop its local startup eco-system so as to concretise all business initiatives.
