Coffee firms expand Asian markets through Singapore
Singapore is expected to be an important gateway for Vietnamese coffee and other farm produce to increase their presence in the Asian market in addition to traditions ones like Europe and the US.
Vietnam’s coffee exports to Singapore record an average growth of 37 percent per year, Trade Counselor at the Vietnamese Embassy in Singapore Nguyen Viet Chi said on the sidelines of the 2016 International Coffee & Tea Industry Expo (ICT) in Singapore on March 3-5.
The figures illustrate that Vietnamese firms are expanding exports to Singapore - a trade hub in Asia and the world.
The ICT houses 140 pavilions from 20 countries and territories. The event creates a good chance for Vietnam to introduce its potential products to foreign businesses and seek partners.
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According to Singapore’s Department of Statistics, exports of Vietnam’s coffee and tea to Singapore were valued at US$88 million in 2015, making up 21% of the country’s imports on the two products.
The figures illustrate that Vietnamese firms are expanding exports to Singapore - a trade hub in Asia and the world.
The ICT houses 140 pavilions from 20 countries and territories. The event creates a good chance for Vietnam to introduce its potential products to foreign businesses and seek partners.
