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Yun explained Vietnam as a significant economy in the area with the potential of the food and agriculture market. Singaporean ventures are powerful in engineering, supply chain and logistics – an additional element to a partnership. Chairman of the Vietnam Association of Small and Medium-sized Enterprises, Nguyen Van Than, headed a delegation of over 100 companies, Many are start-ups, into the Function. He explained many enterprises correlated in the cao dang y duoc tphcm event with Vietnamese ones . Accounting for more than 97 percent of their overall, Vietnamese SMEs attract over fifty percent of their workforce plus contribute nearly 40% of the gross domestic solution, 33 percent of industrial production value, 30 percent of export value, ” he explained.
Minister in the Embassy in Singapore Dinh Hoang Linh explained the exchange a part of parties of their 45th anniversary of diplomatic ties and also also the fifth anniversary of the venture. Statistics revealed that Singapore had become the biggest trade partner of the largest in ASEAN and Vietnam in the world. Vietnam is the biggest business partner in Singapore. Two-way commerce has increased 12-15 percent over the previous decades. In 2017 two-way commerce between Singapore and Vietnam neared 16 billion USD. Singapore ranks third one of 126 states and territories investing in Vietnam. The agro-forestry-fishery exports of Vietnam continue a year’s growth. 6.1 billion, more than 30 percent from this past year. 419 billion from rice export from the first two months of the calendar year than a year.