Viet Nam, Singapore trade increases 24% in H1

Thursday, Jul 24, 2014 08:00

HA NOI (Biz Hub) — Two-way trade between Viet Nam and Singapore rose 23.9 per cent to nearly US$8.1 billion in the first half of this year, according to the Singapore Department of Statistics.

Viet Nam's exports to the island nation reached $1.57 billion, up 34.2 per cent year-on-year, with mobile phones, spare parts, oil and gas, coffee and tea as staples. At the same time, it spent more than $6.5 billion buying mobile phones, accessories, plastics, oil and gas.

During the period, Singaporean firms poured about $732 million in newly-registered and additional investment into Viet Nam.— VNS

Comments (0)