The visit comes short after the two countries celebrated the 50th anniversary of their diplomatic relations (October 6, 1975 - 2025), and reflects their determination to open a new chapter in bilateral ties, particularly in parliamentary and economic-trade cooperation.
Co-hosted by the Vietnam Trade Office in Australia, the Australia-Vietnam Investment and Logistics Council, and the Northern Vietnam Steel Structure Association, the gathering drew business representatives, industry bodies, and experts in construction, inspection, legal affairs, and logistics.
The visit aims to deepen people-to-people bonds, particularly through legislative framework, while delivering on agreements reached by the two parties during their high-level meeting in Phnom Penh in February.
During the four-month period, Vietnam held its position as Singapore’s 10th largest trade partner, with bilateral trade surging 43.7% year-on-year to 18.8 billion SGD. Singapore’s exports to Vietnam totalled 10.2 billion SGD, up 8.9%, while imports leapt 133% to 8.5 billion SGD.
Addressing the opening session, Trade Counsellor of Vietnam in India Bui Trung Thuong highlighted the steady growth of bilateral economic relations, noting that two-way trade reached approximately 16.5 billion USD last year. However, he stressed that the figure remains modest compared to the substantial potential of the two economies, which are highly complementary in structure.
The RoK’s exports to Vietnam rose 7.6% in 2025 from a year earlier to 62.8 billion USD, while imports from Vietnam climbed 11.7% to 31.8 billion USD, according to data released by the RoK’s Ministry of Trade, Industry and Energy and the Korea International Trade Association (KITA).
Total trade between Vietnam and Japan surged by 11.28% year-on-year to 51.43 billion USD last year.
Vietnam and the European Union (EU) have agreed to establish a special task force to address barriers and foster more balanced and effective trade.
The NA Chairman stressed that Governor-General Mostyn’s visit marks an important milestone that will add momentum to the Comprehensive Strategic Partnership between the two countries, helping it grow intensively and more substantively.
Despite regional and global uncertainties, the great friendship, special solidarity, and comprehensive cooperation between Laos and Vietnam have grown ever stronger, bringing practical benefits to the people of both countries.
Singapore’s exports to Vietnam reached 16.3 billion SGD (up 20.2%), while imports from Vietnam hit 6.7 billion SGD, surging by 43% compared to the same period last year.
Vietnam’s legal framework governing fruit imports and exports is now relatively comprehensive. However, a lack of understanding of each country’s regulatory requirements among some exporters and importers continues to cause procedural difficulties.
Vietnam shipped nearly 51.7 billion USD to the European Union in 2024, marking an 18.5% increase, equivalent to an additional 8.08 billion USD compared to the previous year.
By working together on new challenges and business opportunities, the prospects for cooperation between China and Vietnam will be even broader, and there will certainly be more space for development, said Executive President of the China - ASEAN Business Council (CABC) Xu Ningning.
Vietnam continued solidifying its position as the Republic of Korea (RoK)’s third-largest trading partner in 2024, trailing only China and the US, marking the third consecutive year of the significant trade relationship.
With bilateral trade hitting 7.1 billion USD in the first 11 months of this year, Brazil remains Vietnam's largest trading partner in Latin America, according to Vietnamese Ambassador to the Latin American nation Bui Van Nghi.
Vietnam always makes active and effective contributions to promoting multilateralism in the world, contributing to building a world of peace, stability, and sustainable development, General Secretary of the Brazil-Vietnam Friendship Association (ABRAVIET) Pedro de Oliveira has said.
The upcoming official visit to Chile by President Luong Cuong is expected to open up new opportunities for trade relations between the two countries, especially as bilateral trade ties have made impressive progress in recent times.
Newly-appointed Vietnamese Ambassador to Mexico Nguyen Van Hai paid a courtesy call to President of the Mexican Senate Gerardo Fernandez Noroña on October 15.
The upcoming official visit to Vietnam by Chinese Premier Li Qiang is expected to create more opportunities for expanding economic, trade, and investment cooperation between the two nations, according to experts.