AsemconnectVietnam - Singapore is an important trade and investment partner of Vietnam. The bilateral trade exchange between the two countries totaled US$ 9.76 billion last year, up by 16.68 per cent year – on – year.

In 2014, the country’s export of goods to Singapore increased by 10.16 per cent to $ 2.93 billion. The major commodities exported by the country to Singapore last year included crude oil with the export turnover of $ 593.32 million; computers, electronic products and components - $ 476.31 million; machinery, equipment, tools and spare parts - $ 317.45 million; cell phones and accessories - $ 291.55 million; glass and products - $ 214.94 million; seafood - $ 106.63 million; and pepper - $ 106.58 million.

Singapore is also the biggest ASEAN investor in Vietnam with 1,350 projects worth of $ 32.7 billion.

Last year, the country’s export of coffee to Singapore increased sharply by 209.57 per cent; that of crude oil – up by 71.75 per cent; pepper – up by 67.41 per cent; handbags, wallets, suitcases, hats and umbrellas – up by 60.9 per cent; cashew nuts – up by 54.84 per cent; confectionery and grain products - up by 45.76 per cent. 

However, the export of rubber, rice, wood and petroleum saw decreases of 70.08 per cent; 43.59 per cent; 36.65 per cent and 50.89 per cent year – on – year.

Vietnam’s export of goods to Singapore in 2014. Unit: US$