Singapore (VNA) – Trade ties between Vietnam and Singapore maintained strong momentum in 2025, with official statistics showing new record highs, reflecting the depth and resilience of bilateral economic cooperation.
In December alone, Singapore’s total trade with Vietnam reached nearly 4 billion SGD (over 3.1 billion USD), representing a year-on-year increase of 30.1%. Of the total, shipments to Vietnam amounted to 2.3 billion SGD, up 1.5%, while imports from Vietnam surged to 1.7 billion SGD, marking a sharp rise of 113.6%, according to the Vietnam Trade Office in Singapore, citing data from Singapore’s Accounting and Corporate Regulatory Authority.
October and December emerged as notable highlights, as Singapore’s imports from Vietnam jumped by 109.3% and 113.6%, respectively, compared with the same months in 2024.
For the year as a whole, Vietnam retained its position as Singapore’s 10th largest trading partner. Bilateral trade reached a record high of nearly 40 billion SGD, up 26.2% from the previous peak of 31.67 billion SGD recorded in 2024. Singapore’s exports to Vietnam totalled 26.8 billion SGD, an increase of 16.1%, while imports from Vietnam climbed sharply to 13.1 billion SGD, up 53.2%. Considering only goods of Singaporean and Vietnamese origin, Vietnam recorded a trade surplus of more than 5.8 billion SGD.
In 2025, machinery and electrical equipment and parts, along with fuels, mineral oils and products of their distillation, bituminous substances and mineral waxes (HS 27), remained Singapore’s two largest export categories to Vietnam. Combined exports of these two groups reached 18.1 billion SGD, accounting for 67.6% of Singapore’s total exports to the Vietnamese market.
Machinery and electrical equipment also retained the largest import category sourced by Singapore from Vietnam in 2025, valued at over 6.7 billion SGD, up 112% year on year and accounting for 51.2% of total imports. Other key items included machinery and glass products, with steady growth across multiple manufacturing segments overall.
According to Cao Xuan Thang, Trade Counsellor of Vietnam in Singapore, the strong results reflect sustained trade promotion efforts, effective implementation of free trade agreements and bilateral arrangements, as well as close coordination among ministries, sectors, localities, industry associations and the business community, with the trade office playing a key role in facilitating trade and business connectivity./.
