Vietnam singapore cooperation centre

Deputy Prime Minister Trinh Dinh Dung (R) shakes hands with Robert Yap, Executive Chairman of YCH Group (Source: VNA) Hanoi (VNA) - Deputy Prime Minister Trinh Dinh Dung on October 18 received Robert Yap, Executive Chairman of YCH Group - a leading Singaporean logistics enterprise which intends to invest in developing a logistics centre in Vietnam. According to Robert, after Vietnamese Prime Minister Nguyen Xuan Phuc’s visit to Singapore 2018, the group decided to enter into a joint venture with T&T Group of Vietnam to develop an international logistics centre and an inland port in the northern province of Vinh Phuc. The construction of the centre will begin in the third quarter of 2020, he said, adding it is hoped to create a connection point for the circulation of commodity supply chain between Vietnam and ASEAN, and regional and international markets. Apart from providing the most modern logistics services, the centre will organize training programmes in logistics, he … [Read more...] about Vietnam, Singapore expand cooperation in logistics

The 14th ministerial meeting on economic connectivity between Vietnam and Singapore on March 13 (Photo: VNA) Singapore (VNA) – Vietnam and Singapore will expand cooperation in innovation and technology – a new area in the bilateral economic partnership that was recommended at the 14th ministerial meeting on economic connectivity between the two countries. Vietnamese Minister of Planning and Investment Nguyen Chi Dung and Singaporean Minister for Trade and Industry Chan Chun Sing co-chaired the event in Singapore on March 13. The two ministers agreed that aside from the six prior areas of cooperation, Vietnam and Singapore will add innovation and technology as the seventh field of collaboration as a priority in the context of the Fourth Industrial Revolution (Industry 4.0). The two countries will develop action plans with the implementation of specific joint projects. The Singaporean side suggested reforming cooperation in education and training associated … [Read more...] about Vietnam, Singapore boost cooperation in innovation, technology

Illustrative image (Source:  internet) Hanoi (VNA) - The Industrial Transformation Asia-Pacific (ITAP) 2019 kicked off at the Singapore Expo centre in Singapore on October 22, attracting the participation of 350 companies from over 30 countries worldwide. The three-day event gathered leading manufacturers, producers and providers of technology solutions, and government leaders of countries in the region who came to share the best and latest technologies from the 4th Industrial Revolution, and experience in how to expand partner network. In his opening speech, Deputy Prime Minister and Finance Minister of Singapore Heng Swee Keat said to fully tap benefits brought by the 4th Industrial Revolution, industrial sectors and governments should further promote innovation. The revolution and manufacturing industry boast a great potential to stronger develop in the future, he said, adding that cooperation method will determine the level of success of businesses. ITAP 2019 helps … [Read more...] about Singapore exhibition promotes innovation

Vietnam legislation: ready for integration? More transparent legal documents would contribute to dealing with inconsistencies and overlapping regulations and consolidate investors’ faith. This was put forth by experts and policymakers at the workshop themed “Vietnam legislation – ready for integration?” organised by the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on October 17. The delegations at the conference provided an update on the current situation and offered their opinions about the regulatory system. The conference is organised to evaluate Vietnam's new position attained through its active participation in international trade agreements which necessitate the reviewing and amendment of many legal documents. This requires the quality of legal documents to be improved to make sure newly issued documents will not have to be amended after they are found unfeasible or contradictory to other documents. It will also have to be made sure that they … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 23

Rice export volume up but value falls The ministry said the total rice export volume and value in the first nine months of this year reached 5.2 million tonnes and $2.24 billion, respectively. The figures represented a rise of 5.9 per cent in volume and a drop of 9.8 per cent in value compared to the same period in 2018. Of which, Viet Nam shipped abroad 586,000 tonnes of rice in September for $251 million. The Philippines was the top market for Vietnamese rice in the first eight months of this year, consuming 1.76 million tonnes worth $720 million, 2.9 times higher in volume and 2.6 times in value over the same period last year. Strong growth was also seen in other markets, including Australia (75 per cent), Ivory Coast (nearly 35 per cent) and Hong Kong (nearly 35 per cent). The average rice price in the first eight months fell 13.8 per cent year on year to $435 per tonne. White rice led the way in the period, accounting for 47 per cent of total revenue, followed by Jasmine rice … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 14