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Viet Nam emerges as Singapore's 9th largest trading partner
Viet Nam emerged as Singapore's 9th largest trading partner in January 2025, with the two-way trade of over SGD3.39 billion, a year-on-year rise of 16.83 percent.
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Viet Nam became Singapore's 11th largest trading partner in 2024, with two-way trade turnover reaching over SGD31.67 billion, a year on-year increase of 9.49 percent.
Of the above figure, Viet Nam's export turnover rose by 30.8 percent to nearly SGD8.58 billion while import value picked up 3.24 percent to over SGD23.9 billion.
All three main export groups continued to experience strong growth, namely machinery, equipment, mobile phones, components, and accessories (up 30.58 percent); reactors, boilers, machine tools, and spare parts (up 77.4 percent); and glass and glass products (up 57.1 percent)./.
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