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Sunday, November 27, 2022

VN-S’pore trade grows 16% in Jan-Sept

The Saigon Times

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HCMC – The January-September period saw two-way trade between Vietnam and Singapore expanding 16% year-on-year to US$7 billion.

Speaking at his talks in Hanoi yesterday with Singaporean President Halimah Yacob during her State visit to Vietnam, State President Nguyen Xuan Phuc said that despite the Covid pandemic, two-way trade the two Southeast Asian nations last year grew 23% year-on-year at US$8.3 billion.

Phuc proposed that Singapore, one of Vietnam’s major strategic partners, facilitate shipments of Vietnamese goods to Singapore and help Vietnam with in-depth participation into global supply chains.

Singapore is the second biggest foreign investor among 139 countries and territories investing in Vietnam, with total registered capital of over US$70 billion, the local media reported.

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