Vietnam-Singapore trade sees positive growth

VCN - In the first nine months of the year, Vietnam - Singapore bilateral trade saw positive growth.
Da Lat vegetables exported to Singapore, RoK Da Lat vegetables exported to Singapore, RoK
Vietnam’s economy back on track for strong recovery: Singaporean daily Vietnam’s economy back on track for strong recovery: Singaporean daily
Optimising FTAs to bolster Vietnam-Singapore cooperation Optimising FTAs to bolster Vietnam-Singapore cooperation
 https://haiquanonline.com.vn/thuong-mai-viet-nam-singapore-tang-truong-kha-quan-168066.html
Chart. T.Binh

According to the latest preliminary statistics of the General Department of Customs, by the end of September, Vietnam's exports to Singapore rose 18.67% year-on-year to nearly US$3.4 billion.

Export groups with a turnover of hundreds of millions of USD included computers, electronic products and components, reaching US$795.53 million; machinery, equipment, tools and spare parts US$571.2 million; glass and glass products US$385.58 million.

Meanwhile, import turnover from Singapore rose 13.46% year-on-year to more than US$3.6 billion.

Petroleum was the largest imported commodity with 960,508 tons worth US$978.7 million. For many years, Singapore has been an important import market for this group.

Other major import groups were computers, electronic products and components reaching US$457.9 million; aromatic substances, cosmetics and hygiene products US$304.64 million; other petroleum products USS$300.7 million; plastic raw materials US$261.7 million.

PM Pham Minh Chinh welcomes Speaker of Singaporean Parliament PM Pham Minh Chinh welcomes Speaker of Singaporean Parliament

With a higher growth rate of exports than imports, Vietnam's trade deficit gap narrowed from more than US$300 million in the first nine months of 2021 to more than US$200 million in the same period this year.

By Thai Binh/ Huyen Trang

Related News

Enterprises expect to "take off" in 2024

Enterprises expect to "take off" in 2024

VCN - After a period of sluggish business, even continuous decline, many companies have seen optimistic signals in 2024 and have outlined bold plans to quickly return to a growth trajectory.

Latest News

Footwear exports see promising signals

Footwear exports see promising signals

With orders secured for the second quarter, activities are in full swing in many leather and footwear production plants, bringing about the hope for a year of buoyant exports.
Spending over US$11 billion to import one group of commodities in less than two months

Spending over US$11 billion to import one group of commodities in less than two months

VCN - By the end of February, Vietnam had spent US$11.34 billion to import computers, electronic products and components.
Big opportunities for rice exports in 2024

Big opportunities for rice exports in 2024

Positive prospects are forecast for Vietnam’s rice export in 2024, with bright signs in both market and price.
Vietnam-Australia trade ties expected to grow further

Vietnam-Australia trade ties expected to grow further

Vietnamese Prime Minister Pham Minh Chinh’s official visit to Australia is expected to create new momentum for the bilateral relations, including their trade ties.

More News

Many opportunities to develop the semiconductor industry in the Southeast region

Many opportunities to develop the semiconductor industry in the Southeast region

VCN - According to foreign investors, Vietnam is a particularly attractive market for the cooperation and development of the semiconductor industry. In particular, the Southeast region of Vietnam has a lot of potential to develop the semiconductor chip industry.
Many real estate businesses face difficulties of cash flow

Many real estate businesses face difficulties of cash flow

VCN - Although many policies to overcome difficulties have been put forward by the Government, ministries and branches but many real estate businesses face the situation of being "thirsty for money". Finding solutions to unlock capital sources for the real estate market to promote recovery and development is essential.
Deep processing increases agricultural product export value: experts

Deep processing increases agricultural product export value: experts

The current proportion of processed pepper products for export stands at a mere 30%, indicating the need for a significant improvement.
Shipping companies are currently charging about ten types of surcharges for goods at seaports

Shipping companies are currently charging about ten types of surcharges for goods at seaports

VCN - The Vietnam Ship Agents, Brokers, and Maritime Services Providers Association (Visaba) has recently expressed concerns that a series of fees and surcharges are unilaterally determined by foreign shipping lines without agreement with customers.
Electronic products are the driving force for export growth

Electronic products are the driving force for export growth

VCN - The export growth momentum in early 2024 is assessed to have a major contribution from all types of phones and components.
Answering many questions for Korean businesses at 2024 tax and customs policy dialogue conference

Answering many questions for Korean businesses at 2024 tax and customs policy dialogue conference

VCN - At the Dialogue Conference with Korean businesses on tax and customs policies and administrative procedures in 2023-2024 organized by the Ministry of Finance on the afternoon of February 29, representatives of leaders of units under the Ministry Finance, General Department of Taxation, and General Department of Customs directly answered in detail questions of Korean businesses related to the field of tax and customs.
Reconfigure the global cashew supply chain to prevent disruptions

Reconfigure the global cashew supply chain to prevent disruptions

VCN - On February 27th, the 13th Vietnam International Cashew Conference officially opened in Dong Hoi City, Quang Binh Province. This event was part of Vietnam's National trade promotion program, organized in collaboration with the Vietnam Cashew Association (VINACAS) and the Ministry of Industry and Trade of Vietnam.
Durian emerging as "golden fruit" among Vietnam"s exports

Durian emerging as "golden fruit" among Vietnam"s exports

Vietnam is striving to further assert its durian export position and join the billion-dollar export industry with the current advantages in hand, coupled with efforts to better the fruit quality. The country is working hard to tap the potential and expand global reach for the sector.
Impression of exports at the beginning of the year

Impression of exports at the beginning of the year

VCN - In early 2024, our country's export activities prospered. Statistical data of the General Department of Customs records many impressive numbers, especially from key industries, markets and localities with billion-dollar growth figures.
Read More

Your care

Latest Most read
Footwear exports see promising signals

Footwear exports see promising signals

With orders secured for the second quarter, activities are in full swing in many leather and footwear production plants, bringing about the hope for a year of buoyant exports.
Spending over US$11 billion to import one group of commodities in less than two months

Spending over US$11 billion to import one group of commodities in less than two months

By the end of February, Vietnam had spent US$11.34 billion to import computers, electronic products and components.
Big opportunities for rice exports in 2024

Big opportunities for rice exports in 2024

Positive prospects are forecast for Vietnam’s rice export in 2024, with bright signs in both market and price.
Vietnam-Australia trade ties expected to grow further

Vietnam-Australia trade ties expected to grow further

Vietnamese Prime Minister Pham Minh Chinh’s official visit to Australia is expected to create new momentum for the bilateral relations, including their trade ties.
Many opportunities to develop the semiconductor industry in the Southeast region

Many opportunities to develop the semiconductor industry in the Southeast region

According to foreign investors, Vietnam is a particularly attractive market for the cooperation and development of the semiconductor industry.
Mobile Version