Visitors at the Vietnam booth (Photo: VNA) Addressing the opening of the booth, Vietnamese Ambassadorto Singapore Mai Phuoc Dung said that the event helps Singaporean andinternational friends get a better understanding about the potential and strengthsof the Vietnamese tea and coffee industry, contributing to bringing Vietnamese farm producetrademarks to the world.
Dung said that trade ties between Vietnamand Singapore have been continuously growing. Two-way trade reached 9.1 billion USD in2022, up 11% year on year, he said, noting that Vietnam and Singapore are theonly two ASEAN member countries that have signed free trade agreements with theUK and EU.
The two countries have also joined a number of other tradedeals such as the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP),said the diplomat, adding that the two sides are taking full advantage of thedeals to speed up post-pandemic recovery and support each other.
Vietnam’s booth showcases more than 100 coffee, tea, milk and food products of 30 companies. Particularly, egg coffee makingperformance at the booth drew special attention of visitors.
Cao Xuan Thang, Vietnamese Trade Counselor in Singapore, saidthat the event is the first activities of the Vietnam Week in Singapore, whichaims to support domestic firms to increase the presence of their products in the Southeast Asian country. In the time to come, the Vietnam Trade Office will assist Vietnameseenterprises to access policies of Singapore and connect with local partners.
This year, ICT Asia, one of the leading trade fairs forthe coffee and tea industry in Southeast Asia, drew more than 240 businessesfrom 26 countries and is expected to lure over 10,000 visitors./.
VNA
