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01/09/2019 - 21:21

Conference on opportunities for trade and investment cooperation with Singapore and Malaysia

On August 30, Ministry of Industry and Trade, Long An Department of Industry and Trade held a conference "Introducing opportunities for trade and investment cooperation with Singapore and Malaysia - Taking advantage of the potential from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)".

Mr. Pham Van Canh said that the conference has practical significance for enterprises to have useful information for trade and investment cooperation with Singapore and Malaysia

Vice Chairman of the Provincial People's Committee - Pham Van Canh, representatives of the Ministry of Industry and Trade and Long An Department of Industry and Trade, more than 200 enterprises inside and outside the province joined in the conference.

According to Mr. Pham Van Canh, the conference has practical significance for enterprises to have useful information for trade and investment cooperation with Singapore and Malaysia. He hoped that the Asia – Africa Market Department under the Ministry of Industry and Trade would continue to support Long An enterprises in particular and Vietnamese enterprises in general to access foreign markets, bringing their goods to the world.

Attending the conference, participants were introduced to the basic information about the CPTPP; possibilities for cooperation, trade development and investment in Singapore and Malaysia markets.

At the conference

According to the representative of the Asia - Africa Market Department, Singapore is considered a tax haven with low or no tax for foreign income, inheritance and financial investment. Most of the goods are exempt from import tax except for 6 tariff lines related to wine and beer. Singaporean partners are interested in vegetables, cashews, confectionery, plastic, and wood products from Vietnam.

At the conference, Vietnam Trade Counselor in Malaysia also informed about the needs of this market. Malaysia is an industrialized country so agricultural products are in short supply. Therefore, the import demand for rice, seafood and vegetables is quite high.

Trade policies, import and export regulations, incentives under the CPTPP in Singapore and Malaysia, markets enterprise cooperation opportunities, solutions to bring Vietnamese goods into the distribution network of major supermarket chains in the 2 countries were discussed at the event. Accordingly, in these 2 markets, the business environment is very free but goods must be safe and traceable./.

By Mai Huong - Translated by Pham Ngan

Source: http://baolongan.vn/hoi-thao-gioi-thieu-co-hoi-hop-tac-thuong-mai-va-dau-tu-voi-singapore-va-malaysia-a81401.html

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