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In the 1990s, the exported value from Vietnam to Singapore was about US$400 million. It increased to US$2.4 billion in 2008, then fell to US$1.6 billion in 2012, then it increased again in 2013. Crude oil is the main product which Vietnam exports to Singapore. [14] On May 5, 1993, the Vietnam–Singapore Cooperation Commission was established. [11]
Vietnam has stepped up its efforts to attract foreign capital from the West and regularize relations with the world financial system. In the 1990s, following the lifting of the US veto on multilateral loans to the country, Vietnam became a member of the World Bank , the International Monetary Fund (IMF), and the Asian Development Bank .
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Singapore maintains diplomatic relations with 189 UN member states. The three exceptions are the Central African Republic, Monaco and South Sudan. [citation needed]Singapore supports the concept of Southeast Asian regionalism and plays an active role in the Association of Southeast Asian Nations (ASEAN), of which it is a founding member.
Vietnam, [e] [f] officially the Socialist Republic of Vietnam, [g] [h] is a country at the eastern edge of mainland Southeast Asia, with an area of about 331,000 square kilometres (128,000 sq mi) and a population of over 100 million, making it the world's fifteenth-most populous country.
The Four Asian Tigers (a.k.a. the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. [1] Between the early 1950s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year.
The leaders of China and Vietnam hailed as "strategic" on Wednesday their decision to strengthen ties and be part of a community with a "shared future", as a visit by Chinese President Xi Jinping ...
The history of the Republic of Singapore began when Singapore was expelled from Malaysia and became an independent republic on 9 August 1965. [1] After the separation, the fledgling nation had to become self-sufficient, however was faced with problems including mass unemployment, housing shortages and lack of land and natural resources such as petroleum.