Vietnam-Singapore trade continues upward momentum
VOV.VN - Trade between Vietnam and Singapore has continued its strong upward trajectory during the first nine months of the year with Vietnam maintaining its position as Singapore’s 10th largest trading partner, according to the Vietnamese Trade Office in Singapore.
In September alone, the two-way trade turnover between the two countries reached SGD3.2 billion (approximately US$2.47 billion), marking a 46.7% increase compared to the same period last year. Singapore’s exports to Vietnam rose by 45.3% to SGD2.2 billion, while imports from Vietnam surged 49.9% to SGD1 billion.
Bilateral trade totaled SGD29.1 billion between January – September 2025, up 25.5% year on year. Singapore’s exports to Vietnam amounted to SGD20.5 billion, up 20.7%, and imports from Vietnam hit SGD8.6 billion (up 38.3%).
Machinery, electrical equipment, and parts along with fuel, petroleum, and related products retained as the top two export categories from Singapore to Vietnam, accounting for SGD14 billion or 68.4% of Singapore’s exports to Vietnam in this period.
Singapore’s major export items to Vietnam include nuclear reactors, boilers, and machinery at SGD1.6 billion, plastics and plastic products at SGD768.7 million, and essential oils, perfumes, and cosmetics at SGD438.6 million.
On the import side, machinery and electrical equipment remained the largest category Singapore sourced from Vietnam, fetching nearly SGD4.4 billion, up 85.7% and making up 50.2% of total imports from Vietnam.
Other notable import groups were nuclear reactors, boilers, machinery and mechanical equipment and parts at SGD2.1 billion, up 73.6% and glass products at SGD627 million, up 4.3%.
According to Cao Xuan Thang, Vietnamese Trade Counselor in Singapore, to sustain this export growth, Vietnamese enterprises should strengthen trade promotion, participate in trade fairs and exhibitions to boost product visibility in the market, enhance product design, and adopt advanced technology and equipment. This will stabilise product quality and output, reduce costs, and improve competitiveness in the international market.
Ho Chi Minh City pushes Vietnam-Singapore investment promotion initiatives
VOV.VN - The Singapore-Ho Chi Minh City Business Roundtable, jointly organized by the Investment and Trade Promotion Center of Ho Chi Minh City (ITPC), the Vietnam Trade Office in Singapore, and local partners, took place at the Chancellor Hotel in Singapore on August 28, aiming to ramp up bilateral investment cooperation.
