Vietnam-Singapore two-way trade rises 22.4%
(VOV) - Two-way trade between Vietnam and Singapore surged 22.4% to more than US$6.5 billion in the four months leading up to May, according to the Singapore Department of Statistics (DOS).
In the five month period, Singapore imports from Vietnam were valued at US$1.223 billion, up 23.7% over last year’s same period.
Singapore’s key imports were telephones and components, boilers, machinery and spare parts, coffee, tea, glass products, construction glass, and oil and gas.
Some items with the highest growth include soil with sulphur, limestone, plaster, cement and sand, footwear, animal fat and vegetable oils, and fruit and vegetables.
Meanwhile, Vietnam’s key Singaporean imports reached nearly US$5.3 billion, up 22.1% over last year’s corresponding period