Vietnam becomes Singapore's 8th largest export market

Electronic components for export are produced at Tu Ha Industrial Park, Huong Tra Township in Hue City. — VNA/VNS

HANOI: Vietnam ranked as the eighth largest export market of Singapore with an export turnover of more than 11.7 billion SGD (US$9.06 billion) in the first five months of this year, four places higher than that of the same period last year, according to the Vietnamese Ministry of Industry and Trade.

The ministry cited data from Enterprise Singapore, which said that last month, total import-export turnover between the two countries reached more than 3.16 billion SGD, up 27.76 per cent year-over-year.