Viet Nam becomes Singapore's eighth biggest export market
VGP - Viet Nam has emerged as the eighth largest export market of Singapore, according to the Vietnamese Ministry of Industry and Trade.
Singapore's export value to Viet Nam reached SGD11.7 billion (US$9.06 billion) in the first five months of 2025, representing a year-on-year increase of 24.7 percent, said the ministry.
In May 2025, trade between the two countries reached more than SGD$3.16 billion, up 27.76 percent year-over-year.
Of the above figure, Viet Nam's exports to Singapore continued to grow well with a turnover of SGD869.3 million, up 27.1 percent, while import turnover from Singapore grew by 28.02 percent, reaching nearly SGD2.3 billion.
In 2024, trade between VietNam and Singapore reached US$10.5 billion, with Viet Nam’s exports to Singapore accounting for nearly US$5.2 billion, while its imports from Singapore exceeding US$5.3 billion.
Singapore is now Viet Nam’s fourth-largest trading partner within ASEAN, behind Thailand, Indonesia, and Malaysia./.
