AsemconnectVietnam - In the first 8 months of 2025, Vietnam - Singapore trade turnover reached 25.9 billion SGD, up by 23.3% over the same period last year, putting Vietnam in the top 10 largest trade partners of Singapore.

According to statistics from the Singapore Enterprise Management Authority and the Vietnam Trade Office in Singapore, Vietnam - Singapore trade in the first 8 months of 2025 continued to flourish. The total two-way exchange turnover reached 25.9 billion Singapore dollars (SGD), up by 23.3% over the same period of 2024. With this result, Vietnam continued to rank 10th among Singapore's largest trade partners.
In particular, Singapore's exports to Vietnam reached 18.3 billion SGD, up by 18.4% over the same period, while imports from Vietnam reached 7.6 billion SGD, up by 36.9%.
This showed that although Singapore still maintains a trade surplus with Vietnam of 10.6 billion SGD (up by 7.9%), the growth rate of imports from Vietnam is significantly faster, reflecting the resilience of Vietnamese goods in the general trade picture.
Vietnam - Singapore trade turnover reached nearly 26 billion SGD
In the first 8 months of 2025, Vietnam - Singapore trade turnover reached 25.9 billion SGD, up by 23.3% over the same period last year.
Notably, if excluding the transit goods factor, only counting domestically-originated goods, Vietnam is having a trade surplus with Singapore of more than 2.56 billion SGD. This is a sign that the trade balance is gradually becoming more balanced, while demonstrating the increasingly clear competitiveness of domestically produced products.
In August of 2025 alone, bilateral trade turnover reached 2.9 billion SGD, up by 6.5% over the same period of 2024. Of which, Singapore's exports to Vietnam reached 1.9 billion SGD (up by 4.7%), and imports from Vietnam reached 965.5 million SGD (up by 10.2%). These figures continued to show the trend of Vietnam increasingly becoming a stable and diverse source of goods for the Singapore market.
With a growth rate of more than 23% in 8 months, Vietnam - Singapore trade is forecast to maintain a positive pace in the last months of the year. However, sustainability, diversification and increasing the added value of goods will be the key for the two countries to not only expand the scale, but also increase the quality and efficiency of cooperation in the coming period.
CK
Source: VITIC/ haiquanonline.com.vn