Vietnam Becomes Leading Rice Supplier to Singapore in Q1
	Promoting Cooperation Between Small, Medium Sized Enterprises in Singapore and Hai Phong City

A conference on promoting cross-border e-commerce and payment between Vietnam and Singapore was held in Shopee Singapore headquarters on May 30, VNA reported.

The event, held by the Ministry of Industry and Trade’s Asia-Africa Market Department and Vietnam E-commerce and Digital Economy Agency in collaboration with the Vietnamese trade office and Vietnamese Embassy in Singapore, took place in the context that both nations are ramping up efforts to develop their digital economy.

Through cooperation, Vietnam and Singapore can leverage their respective strengths and create a dynamic and interconnected manufacturing ecosystem.

This partnership can drive innovation, develop common e-commerce security and infrastructure, promote skills development and facilitate cross-border trade.

Vietnamese Ambassador to Singapore Mai Phuoc Dung speaks at the event. Photo: VNA

Vietnamese Ambassador to Singapore Mai Phuoc Dung highlighted the significance of the event, saying it met the requirements of the Vietnamese e-commerce enterprises while helping implement economic diplomacy activities that lay a foundation to upgrade the Vietnam-Singapore Comprehensive Strategic Partnership in the coming time.

Meanwhile, the Director of the Asia-Africa Market Department Do Quoc Hung stated that e-commerce is an important component of the bilateral cooperation, describing the robust development of the e-commerce market of both sides as an opportunity for them to study and bolster collaboration and investment in the area.

President of the Singapore Manufacturing Federation Lemon Tan said Vietnam has become the most popular destination for Singaporean enterprises, given the country’s young and abundant workforce.

He suggested the two countries enhance trade promotion to ensure the efficacy of investment.

Doven Yap, Acquisition and Partnerships Lead at TikTok Shop Singapore, said Vietnam has wonderful agricultural products that will receive a warm welcome in the Singaporean market if their production process and information are ensured.

The conference is considered a catalyst for closer cooperation between Singapore and Vietnam, helping both sides exploit the full potential of cross-border e-commerce and electronic payments for the manufacturing sectors.

Vietnam Trade Counselor in Singapore, Cao Xuan Thang emphasized that one of the methods to promote exports is to use e-commerce channels. According to him, businesses should fully utilize current popular digital platforms.

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