Bilateral trade between Singapore and Vietnam has grown steadily in the last decade, and increased four-fold from S$3.24 billion in 1999 to S$13.4 billion in 2009.

This made Singapore the 5th largest trading partner of Vietnam, and Vietnam our 14th largest trading partner.

Singapore is the 5th largest investor in Vietnam with a total investment of about US$18 billion as of September 2010.

Major Singapore companies in Vietnam include Keppel Land, UOL Group, Ascott Group, CapitaLand, SembCorp Industrial Parks, Mapletree Investments, Banyan Tree, Ascendas, NOL Group, Changi Airports International and Thomson Medical Center.

In 2009, Singapore was Vietnam’s 10th largest visitor market, with 13,000 visitor arrivals.

Vietnamese visitor arrivals to Singapore have been on the  rise, with an 11% year-on-year increase in 2009, to reach 265,407 visitors.

Source: MTI


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