(VOVworld) – The Prime Minister has initiated measures to boost exports of Vietnamese farm produce, aquatic products, and other food items to the Singaporean market. The Ministry of Agriculture and Rural Development was asked to negotiate with Singapore an agreement on mutual recognition of agricultural and aquatic products.
The Ministry of Industry and Trade was asked to build trade promotional programs for Vietnamese agricultural products in Singapore and work to connect Vietnamese exporters with Singaporean importers.
Over the past three years, two-way trade between Vietnam and Singapore has grown at an annual speed of 12 percent. Last year, Vietnam earned nearly 3 billion USD from exports to Singapore, a year-on-year increase of over 10 percent. Most of Vietnamese agricultural exports to Singapore are pepper, sea food, rice, vegetable, coffee, cashew nut and rubber.