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Singapore accounted for 3.7% of agricultural products, seafood imports from Vietnam
October 17, 2014, 04:38 PM
(vasep.com.vn) Vietnam’s agricultural products and seafood exports to Singapore increased by nearly 20% annually.

On 9th October, Embassy of Vietnam in Singapore organized the a trade promotion event for agricultural and fishery products for Vietnam and Singapore businesses.

Leaders of Singaporean business federations, representatives of 5 associations and entrepreneurs trading agricultural products, seafood from Singapore and Vietnam attended the event.

Representatives from Ministry of Industry and Trade and the Vietnam entrepreneurs provided information on trade potentials for agricultural products and seafood from Vietnam. Singaporean authorities brought with market demands and opportunities to import from Vietnam.

Data from Statistical Office of Singapore shows that in the last 3 years, agricultural products, seafood from Vietnam exported to Singapore increased by nearly 20% annually, from SG$ 279 million in 2011 to SG$ 400 million in 2013. Exports from Vietnam is increasingly important to Singapore’s market as the Vietnam’s market share in total agricultural products and seafood imports grew from 2.5% in 2011 to 3.7% in 2013. It can be seen that Singapore market is still open. This is a good opportunity for Vietnam enterprises to boast exports of agricultural and seafood products to the Singapore.

Some agreements were reached and contracts to export rice, fish fillet and vegetables to Singapore are to be signed after the event.

 

Thu Trang
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Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
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