Two-way trade turnover between Vietnam and Singapore exceeded 11
billion SGD in the first eight months of this year, an increase of 3.5
percent year on year, according to a report.
The
Singapore Department of Statistics (DOS) said on October 1 that imports
from Vietnam kept a moderate increase of 18.5 percent, reaching 2.1
billion SGD, despite a four percent decline in the country’s total
import turnover in the first eight months of 2013.
Telephones, accessories, machineries, equipment and crude oil imported
from Vietnam were among products that saw the highest rise.
Meanwhile, Singapore ’s exports to Vietnam hit nearly 9 billion
SGD, a slight increase of 0.5 percent over the same period last year,
mostly from petrol and other crude oil related products, machineries,
equipment and accessories, publications and printing products, according
to DOS.
In the first nine months of this year,
Singapore businesses invested in 89 projects in Vietnam with a
total registered capital of 4.16 billion USD.
As of
September, the country ranked second among 100 countries and
territories investing in Vietnam with 1.186 projects and a total
registered capital of 28.84 billion USD.-VNA