Seminar “Entering the Singapore market: Opportunities for food businesses”

22.05.2024 (1) Comment

In her opening speech, Ms. Đặng Thị Hương, Deputy Director of the Hanoi Business Support Center, under the Hanoi Department of Planning and Investment, stated that the Hanoi Business Support Center is the focal point for implementing and organizing support programs for businesses in the capital. The seminar “Entering the Singapore Market: Opportunities for Vietnamese Food Enterprises” held on the morning of April 18, 2023, at the Central Guest House Hall – No. 8 Chu Văn An, Ba Đình, Hanoi, is one of the activities financially supported by the Hanoi People’s Committee through the center.

Ms. Dang Thi Huong – Deputy Director of Hanoi Business Support Center, Hanoi Department of Planning and Investment gave the opening speech

Singapore is one of the leading financial and commercial centers in Southeast Asia. It is currently one of the most attractive markets for investors and businesses worldwide. Vietnam, with its developed agriculture and significant potential for food production and processing, has not yet fully leveraged its advantages. This seminar helps our businesses gain an overview of the Singapore market, the demand for imported agricultural and food products, brand development strategies, market entry strategies for international companies, and international e-business support programs for food enterprises.
The seminar “Entering the Singapore Market: Opportunities for Vietnamese Food Enterprises” provides information from various perspectives, including market insights, strategies, investments, and support resources, to connect food enterprises in Hanoi with the Singapore market and potential partners. Organized by the Hanoi Business Support Center in collaboration with Seaconsult Joint Stock Company (SEACO), the seminar aims to help businesses better understand the food market in Singapore. The event attracted over 100 delegates.
Exporting agricultural and food products is no longer the exclusive domain of large enterprises. Today, small businesses can confidently export their products worldwide by collaborating with potential partners and intermediary markets. Singapore, as Asia’s financial hub, the export gateway of the ASEAN region, and a consumer market that accepts high-quality, high-priced products, offers numerous opportunities. Additionally, Singapore has many private investors and potential investment funds, providing producers with business capital. Through Singapore, many Vietnamese products have reached major buyers and connected with export markets in the EU, the US, and beyond.
Experts presented on “Overview of the Market, Singapore’s Import Demand, and the Trade Situation of Agricultural and Food Products between Vietnam and Singapore” and “Vietnam-Singapore Innovation Investment” by Mr. Nguyễn Trung Kiên, Chairman of the Vietnam-Singapore Innovation Investment Fund (VNS).
At the seminar, Mr. Ken Bay, CEO of VOS Consulting, a Singaporean expert in business development strategy, inspired attendees with a presentation on the principles and importance of establishing, implementing, and adhering to standard processes in business, specifically with Singapore and in high-end export markets in general. He also discussed “Business Development Strategies in Singapore.”
Mr. Ken Bay – General Director of VOS Consulting Company, Singaporean speaker
MPhil. Vũ Thị Tuyết Loan, Deputy Head of the Business Incubation and Development Department at the Hanoi Business Support Center, provided a detailed introduction to the policies and support programs offered by Hanoi for businesses in the city. She also discussed the establishment of a network of consultants and advisors at the center to better support the business community in the future.
MPhil. Vũ Thị Tuyết Loan, Deputy Head of the Business Incubation and Development Department at the Hanoi Business Support Center
Dr. Dương Thị Kim Liên, Director of the Institute for Business Innovation Support, provided a summary of the policies, programs, and projects from various ministries and sponsors nationwide that support businesses. She also discussed methods, approaches, and skills for accessing domestic and international resources to aid business development.
Dr. Dương Thị Kim Liên, Director of the Institute for Business Innovation Support
The Q&A and discussion session with the speakers was very lively, demonstrating the business community’s interest in opportunities to enter the Singapore market and the support available from business support organizations.
picture at the end of the conference
It is hoped that in the future, many similar meaningful events for businesses in the capital will be funded, implemented, and organized by the Hanoi Business Support Center and the Hanoi Department of Planning and Investment, with support programs for businesses.
Media sponsor – The Institute for Business Innovation Support (IBIA).
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