Trade between Vietnam and Singapore topped SGD2.54 billion (US$1.87 billion) in March, rising 4.29% year on year, according to the Trade Office of Vietnam in the city state.

Vietnam became the 10th largest trading partner of Singapore in January, with two-way trade turnover reaching over SGD2.9 billion (US$2.16 billion), up 18.08% over the same period last year, according to the Vietnam Trade Office in the island nation.

Strengthening relations with Singapore is set to have a positive effect on the investment and business environment of Vietnam, according to Singapore’s website sbr.com.sg.

Both Vietnam and Singapore have great potential to expand cooperation further, an Indian expert said as Vietnamese Prime Minister Pham Minh Chinh is paying an official visit to Singapore from February 8-10.

Vietnam and Singapore hold substantial potential for cooperation in digital economy, science-technology and green economy, Dr. Pham Duc Minh from the Agency for Science, Technology and Research under the Singaporean Government has said.

Prime Minister Pham Minh Chinh’s Singapore visit from February 8-10 aims to affirm the determination to elevate the bilateral economic ties to a new height in the context of many free trade agreement (FTAs) coming into force.

Can Tho city wishes to expand its comprehensive cooperation with Singapore, an official from the Mekong Delta city told Singaporean Ambassador to Vietnam Jaya Ratnam at a meeting on November 24.

VOV.VN - Singapore currently represents the largest investor in Vietnam from the ASEAN region with total registered capital of US$66 billion.

Vietnam is anticipating a great chance to further promote its trade with Singapore, which has yet to be on par with the potential of both nations, as President Nguyen Xuan Phuc is scheduled to pay a State visit to the city-state from February 24-26.