Bilateral trade between Vietnam and Singapore reached SGD33 billion (around $25.3 billion) in the first ten months of 2025, setting a new record for their trade value, according to a report from the Vietnam News Agency.
Vietnam Trade Office in Singapore cited statistics from the Singapore Accounting and Corporate Regulatory Authority (ACRA) as reporting that during this period, bilateral trade exceeded the full-year 2024 record of SGD31.67 billion to increase 26.7% compared to the same period last year.
Exports from Singapore to Vietnam hit SGD22.7 billion, up 19.4%, while imports were SGD10.4 billion, up 46.4%.
In October alone, total trade between the two countries amounted to SGD3.9 billion, surging 36.8% year-on-year. Singapore’s exports to Vietnam stood at SGD2.2 billion, up 8.2%, while imports surged 109.3% to SGD1.7 billion.
Considering only goods originating from the two countries, Vietnam maintained a trade surplus of nearly SGD4.22 billion with Singapore.
Vietnam has continued to be Singapore’s 10th largest trading partner.
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