Vietnam, Singapore trade grows 20 percent

Vietnam-Singapore trade hit USD15.6 billion (SGD20.4 billion) in 2014, a 20.3 percent surge from 2013, according to the Singapore Department of Statistics.

Vietnam-Singapore trade hit USD15.6 billion (SGD20.4 billion) in 2014, a 20.3 percent surge from 2013, according to the Singapore Department of Statistics.

Vietnam shipped its partner around USD3.1 billion (SGD4.05 billion) worth of commodities, up 22.4 percent. Primary exports include telephones and electronics goods and components, which brought home USD987 million (SGD1.32 billion) last year. Other key export products include minerals, coffee, tea, footwear, machines and crude oil.

Vietnam, Singapore trade grows 20 percent

Footwear manufacturing for export to Singapore (Photo: VNA)

Singapore’s export to Vietnam also rose significantly, up 20.1 percent to USD12.75 billion (SGD16.34 billion) last year. Domestic products comprised USD5.46 billion (SGD7.3 billion), up 18.7 percent, with the remaining exports consisting of the sale of re-exports, up 21.2 percent.

Singapore mainly ships telephones, electronics goods and components, petroleum, plastic and plastic products, books, and photos to Vietnam./.

VNF/VNA

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Hung Thinh Corporation Holds Groundbreaking Ceremony of Hollywood Hills by well-known YOO Inspired by Starck Economy

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07:33 | 04/10/2022

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