Vietnam and Singapore see an ample room to enhance their economic cooperation, particularly in trade, heard a seminar in Ho Chi Minh City on March 13.

VOV.VN - Vietnam rose to become Singapore’s ninth largest trading partner in January 2025, with two-way trade reaching over SGD3.39 billion, an increase of 16.83% year on year, according to the Vietnam Trade Office in Singapore.

Vietnam's exports to Singapore surged by 35.23% in September, maintaining a high year-on-year growth rate in the first nine months of 2024, at 31.55%.

The Vietnam Trade Office in Singapore has advised Vietnamese exporters to carefully study and keep updated on new regulations in Singapore, a market that is becoming more cautious in trade policy, in order to further exploit this market.

Trade between Vietnam and Singapore topped SGD2.54 billion (US$1.87 billion) in March, rising 4.29% year on year, according to the Trade Office of Vietnam in the city state.

Vietnam became the 10th largest trading partner of Singapore in January, with two-way trade turnover reaching over SGD2.9 billion (US$2.16 billion), up 18.08% over the same period last year, according to the Vietnam Trade Office in the island nation.

Strengthening relations with Singapore is set to have a positive effect on the investment and business environment of Vietnam, according to Singapore’s website sbr.com.sg.

Both Vietnam and Singapore have great potential to expand cooperation further, an Indian expert said as Vietnamese Prime Minister Pham Minh Chinh is paying an official visit to Singapore from February 8-10.

Vietnam and Singapore hold substantial potential for cooperation in digital economy, science-technology and green economy, Dr. Pham Duc Minh from the Agency for Science, Technology and Research under the Singaporean Government has said.

Prime Minister Pham Minh Chinh’s Singapore visit from February 8-10 aims to affirm the determination to elevate the bilateral economic ties to a new height in the context of many free trade agreement (FTAs) coming into force.