Trade with Singapore rises 23% in 2014

Tuesday, Jul 08, 2014 08:00

Singapore City. — Photo baocongthuong

HA NOI (Biz Hub) — Two-way trade between Viet Nam and Singapore experienced a year-on-year increase of 23 per cent to over US$6.52 billion over the past five months, according to the Singapore Department of Statistics.

During the reviewed period, Viet Nam exported over $1.22 billion worth of goods to Singapore, up 24 per cent over the same period last year.

Among the key Vietnamese exports to the market were telephones and their components, boilers, machinery and spare parts. Coffee and tea, as well as glass products, construction glass, and oil and gas comprised the rest of the exports.

Meanwhile, Viet Nam's imports to this island country reached approximately $5.3 billion, a yearly rise of 22 per cent.— VNS

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