Singapore is a strategic gateway for Vietnamese agriculture and seafood exporters to make inroads into other markets, experts commented at a trade exchange programme in Singapore on November 21.The event drew nearly a hundred of businesses from the two countries.

Deputy head of the Ministry of Industry and Trade’s Export-Import Department Tran Thanh Hai highlighted rice, coffee, tea, vegetable, fruits, fine art and handicraft products as strengths of Vietnam.Meanwhile, Singapore has advantages in processing, packaging, and increasing product values as well as management, marketing and broad relations with foreign partners, he noted.

Vietnam-Singapore trade posted an annual average growth of 12 percent over the past three years.Vietnam grossed 2.93 billion USD from exports to Singapore in 2014, a yearly increase of 10.4 percent, while importing 6.83 billion USD worth of goods in the period, a year-on-year rise of 20 percent.

In the past ten months of 2015, Vietnam’s exports to Singapore expanded by 30 percent year on year to 3.1 billion USD.

Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com

Source: http://en.vietnamplus.vn/vietnam-expands-agrofisheries-market-via-singapore/85087.vnp