Vietnam’s robust fundamentals of large private savings, positive demographics as well as the rich endowment of agriculture and seafood resources remain intact and will continue to provide opportunities for Singapore companies in the agribusiness, consumer and tourism sectors.
The southeast and the Red River Delta in the northeast is buzzing with manufacturing activity. While Hanoi and Ho Chi Minh City remain important industrial centres, there has been increasing MNC presence in provinces such as Binh Duong, Dong Nai, HaiPhong and Bac Ninh. Prominent manufacturing sectors include textile, garments, furniture and electronics.
Manufacturers which venture into Vietnam will enjoy low tariffs, boosting their exports to top markets such as the EU, US, Japan and Australia – an advantage which cements Vietnam’s position as a rising manufacturing hub.
Vietnam’s trade figures are set to climb with its participation in the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This is especially with Canada, Mexico and Peru – countries Vietnam does not currently have FTAs with. Another trade deal of note is the Vietnam–EU FTA, which could see Vietnam’s exports to the European Union grow by as much as one-third3. Closer to home, Vietnam continues to pursue regional agreements through the ASEAN Economic Community (AEC) as Southeast Asia strengthens economic linkages.
As Vietnam is well-connected to existing consumer and manufacturing hubs in Asia (China, Taiwan and Thailand), manufacturers can easily integrate Vietnam into existing supply chains. Manufacturing costs in Vietnam are relatively low compared to neighbouring countries – making Vietnam a very viable alternative to China for manufacturing activities, especially relevant in light of the ongoing US-China trade war and the decoupling of global supply chains, as Asia-based exporters look to ensure they minimize their tariff exposure.
Vietnam-Singapore Industrial Parks (VSIPs) have a wide array of facilities, and are viewed as attractive landing pads for foreign firms. The VSIPs have drawn 630 firms to date.
Our Experience to Vietnam as below:
- FCL, LCL to Vietnam
- Air Freight
- Door To Door Services
- Dangerous Goods
- Certificate Of Origin (Ordinary and Form D)
- Distribution Service (Commercial)
Tax reference of consignee must be reflected on HBL with telephone, fax and e-mail ID, precise description of goods with 8 digit HS code must be reflected on each and every commodity on HBL.
Import License & bank deposit number must be also indicated on HBL for scrap plastic
For all inland shipments via Port of Entry: Cnee must have customs formalities completed prior to on-forward to final destination.
REQUIRES: Fumigation (Normal).
SUBJECT TO APPROVAL: Hazardous (DG) cargo (inclusive batteries), Personal effects, un-seaworthy packages, bare units or size per pkg above (5.85m x 2.28m x 2m & 3ton).
With Singapore – Vietnam shipping experience, we are able to handle logistics activities such as local pick-up, delivery, or customs clearance. You can rest assure to ship cargo from Singapore to DaNang, HaiPhong, Hochiminh Cat Lai and Hochiminh Phuoc Long ICD3 or vice versa.
We do not believe in “one size fits all”, talk to us for a consultation tailored to your needs.