Two-way trade between Vietnam and Singapore rose 23.9 percent to nearly 10.1 billion SGD (8.1 billion USD) in the first half of this year, according to the Singapore Department of Statistics.

Vietnam’s export to the island country reached over 1.9 billion SGD (1.57 billion USD), up 34.2 percent year-on-year, with mobile phones, spare parts, oil and gas, coffee and tea as staples.

Meanwhile, the country spent over 8.1 billion SGD (6.5 billion USD) purchasing mobile phones, accessories, plastic, oil and gas, among others from the market.

During the period, Singaporean firms poured about 732 million USD, both newly-registered and additional investment, into Vietnam .

As of June, Singapore had 1,284 valid investment projects worth over 30.54 billion USD, becoming the third biggest investor among 101 nations and territories investing in Vietnam.-VNA