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 Viet Nam rose by 45.3% to SGD2.2 billion, while imports from Viet Nam 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 Viet Nam amounted to SGD20.5 billion, up 20.7%, and imports from Viet Nam 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 Viet Nam, accounting for SGD14 billion or 68.4% of Singapore’s exports to Viet Nam in this period.

Singapore’s major export items to Viet Nam 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 Viet Nam, fetching nearly SGD4.4 billion, up 85.7% and making up 50.2% of total imports from Viet Nam.

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.

Source: VOV