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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Tuesday, July 8, 2025

Vietnam-Singapore trade grows strongly in Jan-Jul

By Gia Nghi

Must read

HCMC – Trade between Vietnam and Singapore reached over SGD3.1 billion in the first seven months of 2024, up by nearly 21% against the same period last year, according to the Vietnam Trade Office in Singapore.

Vietnam’s exports to Singapore surged to nearly SGD764 million, a 36.2% year-on-year increase. On the other hand, imports from Singapore surpassed SGD2.3 billion, reported the Vietnam News Agency.

Key export categories from Vietnam to Singapore showed impressive growth, including machinery, equipment, and glass, with respective growth rates of 22.8%, 68.2%, and 94.6%.

However, some sectors faced challenges, particularly paper and paper products, which saw a decline of 35.8%, and garments, which dropped by 23.6%.

On the import side, about 16 commodity groups recorded positive growth in turnover. These included machinery, equipment, reactors, boilers, tobacco and related products, as well as pearls and jewelry.

Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, attributed the positive trade figures to Singapore’s recent adjustments to its gross domestic product forecast, which was revised upward by 2 to 3 percentage points.

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