Singapore, Feb. 19 -- Vietnam has retained its position as Singapore's 10th largest trading partner, with bilateral trade reaching 4.5 billion SGD (around 3.5 billion USD) in January, up 33.9% year on year.

Notably, while Singapore's exports to Vietnam rose 13.6% to 3 billion SGD, imports from Vietnam surged 100.5% to 1.6 billion SGD. The sharp increase in Vietnamese shipments is seen as a positive sign in narrowing the trade gap and points to strong prospects for further growth in exports to the Singaporean market this year.

Statistics from Enterprise Singapore show that the city state posted a trade surplus of nearly 1.4 billion SGD with Vietnam in January 2026, though this represented a 24.6% decline compared with the same month in 2...