Viet Nam emerges as Singapore's 9th largest trading partner

Viet Nam became Singapore's 11^th 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)./.