Exports to Singapore increase sharply
(VOV) - Vietnam’s export earnings from Singapore in the first quarter of this year reached 692 million SGD, over 30 percent higher than in the same period last year.
The Vietnamese embassy’s trade office in Singapore said this was a positive result as Singapore’s imports from all international markets decreased by 9 percent.
Among Vietnam’s major exports to Singapore surpassing 100 million SGD were telephones and components, crude oil, glass, printers, fax, and photocopy machines.
Singapore’s exports to Vietnam in the first quarter reached nearly 3 billion SGD, equivalent to last year’s figure.
In 2012, two-way trade turnover between Vietnam and Singapore reached 15.8 billion SGD, up 6.2 percent against the previous year.