Vietnam Rises to be the 10th Top Trading Partner of Singapore
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). Photo: VNA According to the Vietnam Trade Office in Singapore, in January, import-export turnover between Singapore and most major partners recovered and grew. Some partners had a strong increase in turnover such as Switzerland, up 135.87%, Hong Kong (China), up 55.27%, and Korea, up 34.44%. In January, China, Malaysia, the US and Taiwan (China) were Singapore’s four largest trading partners with a total trade turnover of SGD15.19 billion (US$11.3 billion), SGD11.18 billion (US$8.3 billion), SGD9.97 billion (US$7.42 billion) and SGD7.75 billion (US$5.76 billion) respectively. Regarding exports, in the first month of the year, Singapore’s main export markets were China, Hong Kong-China, Malaysia, and Indonesia. Some markets have quite high increases such as Cambodia, up 328.96%, Switzerland, up 155.24%, Hong Kong (China), u...