EAEU–ASEAN Business Dialogue at SPIEF

  Published on 9 June, 2019

EAEU–ASEAN Business Dialogue at SPIEF

  Published on 9 June, 2019

EAEU–ASEAN Business Dialogue at SPIEF

  Published on 9 June, 2019

EAEU–ASEAN Business Dialogue at SPIEF

  Published on 9 June, 2019

Digitalisation and Digital Strategy Between EAEU and the ASEAN Countries

Last week’s business trip to Russia for Mr Desmond Tay, Chief Executive Officer of VCC, was very eventful. He was invited to speak at various sessions at St. Petersburg International Economic Forum (SPIEF). Mostly as a panellist and to share with participants his expertise and knowledge as an industry expert.

It was an honour as the SPIEF is a significant and unique event in the world of business and economics and has become a leading global platform for members of the business community to meet and discuss the key economic issues facing Russia, emerging markets, and the world as a whole.

One of the sessions which Mr Tay attended was the EAEU–ASEAN business dialogue where he shared his ideas about digitalisation and the importance of digital strategy between EAEU and ASEAN countries.

Mr Tay talked about the tools which companies from the private sector will need, to trade effectively between EAEU and ASEAN countries. Free trade agreement and harmonisation of customs will help with easier trade, but digital tools are imperative too. The key priorities of EAEU digital agenda for 2025 are digital trade and digital transport corridor, and these are important initiatives for the private sector. Mr Tay also recognises that EAEU’s focus of digitalisation of trade is not just within EAEU but also outside of EAEU.

He provided the example of VCC’s project with Russia-Singapore Business Council. The integrated platform between RSTrade digital platform (operated by RSTradehouse) and CamelONE platform (operated by vCargo Cloud) helps facilitate trade. The platform is effective in simplifying trade because it helps facilitate compliance, optimises cross-border logistics which brings cost efficiencies and lastly provides also trade financing services.

Mr Tay concluded by emphasising the importance of digital platform strategy which will help small and medium-sized enterprises (SMEs) level the playing field and to compete effectively within the economy and to bring growth to the overall economy.

EAEU–ASEAN Business Dialogue at SPIEF

EAEU–ASEAN Business Dialogue at SPIEF

EAEU–ASEAN Business Dialogue at SPIEF


Mr Desmond Tay, Chief Executive Officer of VCC, speaking as a panellist at SPIEF.