Vietnam, Singapore enjoy strong trade growth

Source: Pano feed

Workers at the Esquel Garment Manufacturing Viet Nam Company in the Vietnam-Singapore Industrial Complex in southern Binh Dương province. (Photo: VNA)

Bilateral trade between Vietnam and Singapore continued to experience strong growth during January, hitting 2.178 billion SGD (1.577 billion USD), a year-on-year increase of 5.2 percent, says Singapore Department of Statistics (DOS).

Vietnam’s exports to the partner rose by 6.2 percent against the same period last year to 458 million SGD (331.6 million USD).

Some key export products maintained high growth, for example, oil and gas amounting 133 million SGD (96.3 million USD) while several faced a drop, including coffee and tea, down 51.4 percent to 11.2 million SGD (8.1 million USD), and seafood, down 13 percent to 7.2 million SGD (5.2 million USD).

Meanwhile, Singapore shipped to Vietnam 1.72 billion SGD (1.24 billion USD) worth of commodities with the bulk of its products seeing a jump during the period, notably beverage, up 192.5 percent to 87.4 million SGD (63.3 million USD), chemicals, up 182 percent to 31.8 million SGD (23.02 USD), and telephones and components, up 146.3 percent to 680 million SGD (492.3 million USD).

Of the imports, made-in-Singapore products accounted for 621 million SGD (450 million USD), increased by 5.8 percent).-VNA

Đăng ký: VietNam News