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Vietnam Ranks 11th in Singapore’s Imports in 2019

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Vietnamese rice and cereals exports to Singapore witness a high growth rate. Photo: VOV Two-way trade turnover reached roughly SGD16.8 billion in the first seven months of this year, a fall of 9.41% on-year, according to the Vietnam Trade Office in Singapore. The country has mainly exported machinery, equipment, mobile phones, components, and spare parts, along with glass and glass-based products to the city-island nation, VOV reported. Most notably, rice and cereals exports recorded a high growth rate compared to recent months. Meanwhile, exports of oil and gas, as well as petroleum products, optical machines, measuring instruments, and medical equipment, all endured a sharp decrease. Furthermore, 13 out of 21 import groups from Singapore to Vietnam enjoyed positive growth, including machinery, equipment, tools, spare parts, computers, plastic and plastic products, paper and paper products, tobacco, and alternative tobacco products. Manufacturing electrical app...

Foreign business founders keen on Vietnam’s development potential

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Holiday turned home Rafael Masters landed in Vietnam 14 years ago. A recent graduate, the British national had planned to travel the world and experience different cultures. To finance such a trip, he planned to work as an English teacher. “I intended to teach for a year and then return home. What actually happened was that I began to fall in love with the culture, the country, and even teaching in Vietnam. “It’s an incredibly exciting feeling to see children of all ages being given educational tools and then developing and building themselves with those tools,” he said. Rafael Masters, founder of Vulcan Augmetics, a start-up that makes electronic prosthetics for the disabled. Photo : Binh Minh / Tuoi Tre Some of Masters’ first students in Vietnam are now doctors, engineers, and biochemists working in a variety of countries around the world. Seeing their success is part of what inspired him to found Vulcan Augmetics – a start-up that manufactures electronic prosthe...