According to figures from Singapore’s Accounting and Corporate Regulatory Authority, the Vietnam Trade Office in Singapore said that bilateral trade expanded year on year in every month of 2025 compared with 2024. In December 2025 alone, total two-way trade reached nearly S$4 billion, up more than 30%, with Singapore’s imports from Vietnam posting particularly strong growth.

For the full year, Vietnam remained Singapore’s 10th-largest trading partner, with bilateral trade reaching a record level of nearly S$40 billion, an increase of more than 26% from the previous year. Singapore’s exports to Vietnam rose by over 16%, while its imports from Vietnam increased by more than 50%. When counting only goods originating from the two countries, Vietnam recorded a notable trade surplus.

In terms of trade structure, machinery, electrical equipment and parts, along with fuels and petroleum products, continued to be Singapore’s two largest export groups to Vietnam, accounting for a high share of total export value. Machinery and electrical equipment largely consisted of re-exported goods, while fuels and petroleum products were mainly domestically produced in Singapore.

On the import side, machinery, electrical equipment and parts also remained the largest category of goods Singapore imported from Vietnam in 2025, followed by mechanical machinery and glass products.

According to Cao Xuan Thang, Vietnam’s Trade Counsellor in Singapore, the results reflect years of efforts to promote trade, the effective implementation of free trade agreements and bilateral trade arrangements, and close coordination among ministries, sectors, localities, associations and the business community, with support from the Vietnam Trade Office in Singapore in its role as a trade promotion and connectivity bridge.

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