Vietnam News Today (Dec. 20): Vietnam–Singapore Trade Hits Record High as Re-exports Drive Growth

Vietnam News Today (Dec. 20): Vietnam–Laos step up cooperation in procuracy sector; Vietnam–Singapore trade hits record high as re-exports drive growth; Vietnam fulfils key targets at 33rd SEA Games: delegation head; Halal market offers significant growth opportunities for Vietnamese exporters.
December 20, 2025 | 07:00
Vietnam News Today (Dec. 18): Vietnam and Germany Eye New Strategic Cooperation Space
Vietnam News Today (Dec. 19): Vietnamese, Singaporean PMs Discuss Bilateral Ties, Regional Issues in Phone Talks

Vietnam News Today (Dec. 20) notable headlines

Vietnam–Laos step up cooperation in procuracy sector

Vietnam–Singapore trade hits record high as re-exports drive growth

Vietnam fulfils key targets at 33rd SEA Games: delegation head

Halal market offers significant growth opportunities for Vietnamese exporters

Circular economy powers Vietnam’s green growth ambitions

Vietnam–Singapore trade posts record growth in first 11 months of 2025

SEA Games 33: Vietnam’s explosive performances claim 84 gold medals

Vietnam reviews five-year implementation of global compact for migration

HCM City committed to promoting Vietnam–Indonesia relations

Lao Prime Minister Sonexay Siphandone (R) hosts a reception for Prosecutor General of the Supreme People’s Procuracy of Vietnam Nguyen Huy Tien. (Photo: VNA)
Lao Prime Minister Sonexay Siphandone (R) hosts a reception for Prosecutor General of the Supreme People’s Procuracy of Vietnam Nguyen Huy Tien. (Photo: VNA)

Vietnam–Laos step up cooperation in procuracy sector

Within the framework of a visit to and working sessions in Laos from December 18–19, a delegation of the Supreme People’s Procuracy of Vietnam, led by Prosecutor General Nguyen Huy Tien, paid courtesy calls on Lao Prime Minister Sonexay Siphandone and Lao National Assembly President Saysomphone Phomvihane.

At the meetings, the Lao leaders affirmed that the visit not only helped deepen cooperation between the two countries’ procuracy agencies but also carried significant practical meaning in nurturing, consolidating and further strengthening the special traditional relationship between the two Parties, States and peoples of Laos and Vietnam.

They highly valued the effective and substantive cooperation results achieved by the Supreme People’s Procuracies of Vietnam and Laos in recent years, and called on both sides to continue enhancing coordination, stepping up exchanges of delegations at all levels, sharing professional and technical experience, and maintaining and expanding training and capacity-building programs for officials.

The Lao side also stressed that continued mutual support and assistance between the two institutions would make an important contribution to building a clean and strong judicial system, effectively serving socio-economic development and ensuring security and order in each country, according to VNA.

For his part, Tien briefed the Lao leaders on cooperation outcomes between the two Supreme People’s Procuracies implemented on the basis of signed agreements and memoranda of understanding. The two sides have maintained close coordination mechanisms, regularly exchanged information and experience in exercising prosecution rights and supervising judicial activities, and supported the training and professional development of Lao procuracy officials in Vietnam.

Regarding future cooperation, he affirmed that both sides would continue to effectively implement the signed memoranda of understanding; jointly organise the eighth Conference of Procuracies of Vietnam–Laos border provinces, scheduled for 2026; and continue to provide practical support for the training of Lao procuracy officials in Vietnam.

The two institutions will also strengthen cooperation and experience-sharing in crime prevention and combat, particularly against transnational crimes, while enhancing the capacity of procuracy personnel in the context of deepening international integration.

Earlier on December 18, Prosecutor Generals of the two Supreme People’s Procuracies held talks. Following the talks, the two sides signed a cooperation agreement for the coming period.

Vietnam–Singapore trade hits record high as re-exports drive growth

Vietnam and Singapore posted a record level of bilateral trade in the first 11 months of 2025, with total turnover reaching nearly SGD36 billion, driven largely by strong re-exports through Singapore, official data shows.

The Vietnam Trade Office in Singapore cited the Accounting and Corporate Regulatory Authority of Singapore, saying Vietnam was Singapore’s 10th largest trading partner, with two-way trade rising 25.7% from a year earlier and already exceeding the full-year total recorded in 2024.

In November alone, bilateral trade hit SGD2.9 billion, up 15.8% year on year. Singapore’s exports to Vietnam stood at SGD1.8 billion, while imports from Vietnam rose sharply to SGD1.1 billion, an increase of more than 55%.

For the January–November period, Singapore’s exports to Vietnam amounted to SGD24.5 billion, up 17.7%, while imports from Vietnam fetched SGD11.5 billion, jumping 47.2%. On a gross basis, Singapore recorded a trade surplus of about SGD13 billion, broadly unchanged from a year earlier.

However, more than 73% of Singapore’s exports to Vietnam during the period consisted of re-exported or transshipped goods, totaling SGD17.9 billion. When only goods of Singaporean and Vietnamese origin are counted, Vietnam recorded a trade surplus of SGD4.88 billion, the data shows.

Machinery and electrical equipment remained the largest export category from Singapore to Vietnam, with shipments valued at SGD12.8 billion, up 28.2% from the same period in 2024. Mineral fuels and petroleum products followed, bringing in SGD3.7 billion, an increase of 14.2%. Together, the two categories accounted for more than two-thirds of Singapore’s exports to Vietnam.

Catfish fillets are among key exports of Vietnam to Singapore.
Catfish fillets are among key exports of Vietnam to Singapore.

While machinery exports were overwhelmingly re-exports from third countries, fuel and petroleum products were largely domestically produced in Singapore, reflecting differing trade structures between the two major categories.

Other significant exports included industrial machinery, plastics and cosmetics, though some of these groups recorded year-on-year declines.

On the import side, machinery and electrical equipment also dominated Singapore’s purchases from Vietnam, with imports surging more than 100% to nearly SGD5.9 billion and accounting for over half of total imports. Industrial machinery and glass products followed, while most other categories posted weaker performance, according to VOV.

Cao Xuan Thang, Vietnam’s commercial counsellor in Singapore, said trade growth could face headwinds in 2026 as Singapore’s economic expansion is expected to slow. He noted that Singapore’s domestic market is largely saturated and that future trade growth would depend mainly on its role as a regional transshipment hub serving third markets.

To sustain export momentum, he suggested that Vietnamese firms businesses focus on product quality, cost efficiency and branding, while investing in technology and packaging to remain competitive in international supply chains.

Vietnam fulfils key targets at 33rd SEA Games: delegation head

The Vietnamese sports delegation has successfully fulfilled three major objectives set ahead of the 33rd Southeast Asian (SEA) Games in Thailand, head of the Vietnamese delegation Nguyen Hong Minh said at a meeting with reporters covering the SEA Games in Bangkok on December 19.

The three major goals are maintaining and enhancing Vietnam’s position among the region’s leading sporting nations; achieving breakthroughs in key sports, particularly Olympic disciplines; and projecting the image of a civilised, professional and disciplined delegation to the international community, Minh said.

Vietnam has so far secured 73 gold medals on the official medal table. Including five golds from demonstration events, the total stood at 78 gold medals. To meet its target of around 90 golds, Vietnam continues to place hopes on remaining competitions in sports such as wrestling, fencing, shooting, boxing, sepak takraw, open-water swimming and e-sports, he stated.

In football, Vietnam completed its objectives, with all three national teams advancing to the finals. The women’s futsal team and the men’s U22 team claimed gold medals. Minh said that football successfully met its targets, highlighting the U22 team’s gold medal as particularly impressive, reflecting careful and thorough preparation.

The delegation head said Vietnam has recorded significant breakthroughs in key sports, especially Olympic disciplines. Of the 78 gold medals won so far, 50 have come from Olympic sports, accounting for nearly 70% of the total, reflecting clear progress in disciplines featured at future Olympic Games and Asian Games.

The games have also seen the emergence of a new generation of promising Vietnamese athletes in Olympic sports such as athletics, swimming, shooting and martial arts. Several athletes aged just 16 or 17 have already won medals, including swimmers Nguyen Thuy Hien, Tran Van Nguyen Quoc and Duong Van Hoang Quy.

Head of the Vietnamese sports delegation Nguyen Hong Minh (centre) and two deputy heads of the delegation preside over the meeting with reporters covering the SEA Games in Bangkok. (Photo: VNA)
Head of the Vietnamese sports delegation Nguyen Hong Minh (center) and two deputy heads of the delegation preside over the meeting with reporters covering the SEA Games in Bangkok. (Photo: VNA)

Minh affirmed that throughout competition and interactions at the SEA Games, members of the Vietnamese delegation, particularly athletes, conducted themselves in a civilised and appropriate manner, reflecting Vietnamese cultural values and promoting the image of a friendly and hospitable Vietnam.

Overall, the Vietnamese delegation has largely fulfilled its mission, with many sports delivering strong results. Football earned two gold medals and one silver; athletics claimed 12 golds; swimming secured six golds; shooting collected five golds; rowing won four golds to top the rankings; wrestling earned seven golds; karate took six golds; taekwondo won four golds; and artistic gymnastics secured three golds.

Among the standout performers was shooter Trinh Thi Thu Vinh, who claimed two individual gold medals, two team golds and one silver in the mixed pistol event, while breaking four records.

Minh also pointed out challenges facing the delegation, noting that although the SEA Games is a regional competition, many world-class athletes competed in events such as athletics, weightlifting, gymnastics, badminton, taekwondo and boxing. He also mentioned the trend of naturalising athletes from outside Southeast Asia and concerns over refereeing standards.

Looking ahead, he stressed that Vietnamese sport must continue to improve professional skills and competitive resilience, striving for more convincing victories as it targets higher goals at the Asian Games and the Olympic Games.

Halal market offers significant growth opportunities for Vietnamese exporters

As the global economy faces growing uncertainty, including geopolitical tensions, persistent inflation, and rising trade protectionism, diversifying export markets has become an urgent priority for Vietnamese businesses.

Against this backdrop, the Halal market in the Middle East is increasingly viewed not as an alternative, but as a strategic pillar for sustaining long-term export growth, said Tran Phu Lu, director of the Investment and Trade Promotion Center of HCM City (ITPC) at the conference “Export Prospects to the Middle East and Türkiye: Opportunities and Challenges for Vietnamese Enterprises,” held in HCM City on December 18.

According to Lu, the Middle East is among the world’s most dynamic import markets, with annual imports exceeding US$1.2 trillion and GDP growth of 5–6%.

In the first 11 months of 2025, Vietnam’s exports to key markets in the region continued to perform strongly, reaching US$5.4 billion to the UAE, US$1.9 billion to Saudi Arabia, and US$1.6 billion to Türkiye.

Major retailers such as Lulu Hypermarket (UAE), Al Othaim Markets (Saudi Arabia), Choithrams, and Citi Hypermarkets (Kuwait) are also showing growing interest in sourcing quality products from Vietnam, he said.

Türkiye, meanwhile, is regarded as a strategic gateway, enabling Vietnamese goods to reach not only Middle Eastern markets but also a wider Muslim consumer base of more than two billion people worldwide, he added.

Nguyen Phuong Tra, general director of the Middle East and Africa Department at the Ministry of Foreign Affairs, underscored the vast potential of the global Halal economy. Muslims account for around 25% of the world’s population, while the Halal economy is projected to reach US$10 trillion before 2028.

The Halal food sector alone is expected to expand from US$2.7 trillion in 2024 to US$5.9 trillion by 2033, with annual growth of around 9%, cited VOV.

Tran Phu Lu, director of the Investment and Trade Promotion Centre of HCM City, speaks at the conference on December 18. (Photo courtesy of ITPC)
Tran Phu Lu, director of the Investment and Trade Promotion Center of HCM City, speaks at the conference on December 18. (Photo courtesy of ITPC)

Tra noted that the Middle East, home to about 500 million people and with GDP of US$3.6 trillion, has particularly strong purchasing power. Food imports in the region reached US$132 billion in 2023, while Gulf Cooperation Council (GCC) countries depend on imports for up to 85% of their food needs.

Despite the opportunities, Vietnamese enterprises face challenges in accessing Halal markets, notably the complexity of certification systems. Businesses must navigate multiple standards, including GSO 993:2015 in GCC countries, Indonesia’s HAS 23103:2012, Malaysia’s MS 1500:2019 and OIC/SMIIC 1:2019, recognised by 56 OIC member states, Tra said.

High certification costs, short validity periods and intense competition from established exporters further complicate market entry. She also warned of trade fraud risks, urging enterprises to strengthen partner verification and adopt secure payment terms.

Türkiye positioned as Halal hub and logistics gateway

Nguyen Viet Hang, Vietnam’s Commercial Counsellor in Türkiye, said that despite global volatility, bilateral economic and trade cooperation between Türkiye and Vietnam in 2025 continued to record positive progress.

She identified the Halal market as a key strategic focus for future cooperation, noting that Vietnamese enterprises made a strong impression at the Global Halal Summit and Halal Expo 2025 in Istanbul with products ranging from food and agricultural goods to cosmetics and herbal medicines.

With a Muslim population of nearly 90 million and its role as a key member of the Organisation of Islamic Cooperation, Türkiye offers a valuable entry point for HCM City firms to integrate more deeply into global Halal supply chains, she added.

From a standards perspective, Ramlan Osman, director of the Vietnam Halal Certification Authority (HALCERT), said Halal principles align closely with international frameworks such as the United Nations Global Compact and Environmental, Social and Governance criteria.

As such, adopting Halal practices complements existing industrial standards and benefits both Muslim and non-Muslim consumers, he said.

He outlined a nine-step Halal food certification process to help enterprises prepare for compliance.

Sharing practical insights, Thi Hong Uytun, founder of HM Dragon Logistics and Consulting Company, highlighted Türkiye’s dual role as a consumer market and a gateway to the Middle East and the European Union. Vietnam is currently Türkiye’s third-largest trading partner within ASEAN, with exports reaching US$1.93 billion in 2024, up 9.1% year-on-year.

However, Vietnamese goods still account for only about 0.5% of Türkiye’s total imports.

She recommended enterprises to be mindful of trade defence measures, currency volatility and payment risks when entering the market.

To mitigate risks related to payment practices, she recommended prioritising irrevocable letters of credit confirmed by reputable banks and strengthening financial due diligence before contract signing.

The conference was jointly organised by ITPC, the Ministry of Foreign Affairs’ Middle East and Africa Department and the HCM City Food and Foodstuff Association, as part of the Business Matching and HCM City Products Week 2025 – Food and Beverages, held from December 16–22.

Circular economy powers Vietnam’s green growth ambitions

As Vietnam pursues green growth and sustainable development, the circular economy has emerged as a critical pillar in the country’s new growth model.

That was the key message of the thematic session “Promoting green transition and developing the circular economy to realize high growth and sustainable development goals” - held under the umbrella of the Vietnam Economic Forum 2025, looking ahead to 2026.

Vietnam's new model: Growth with sustainability and inclusion

According to Pham Dai Duong, Deputy Head of the Central Economic Commission’s Policy and Strategy Department, Vietnam’s economy is facing the strategic challenge of transforming its growth model to meet national development goals.

By 2030, the country aims to become a modern industrial nation with upper-middle income, and by 2045, a high-income developed economy.

Achieving such ambitions requires Vietnam to consistently reach double-digit growth from 2026 onwards - growth that must now be sustainable, inclusive, and based on quality and long-term competitiveness.

This transformation will rest on four revolutionary transitions: digital, green, energy, and workforce restructuring.

Agriculture: A paradox of growth and emissions

Vietnam’s agriculture sector contributes over 15% of national GDP, but also accounts for nearly 30% of total greenhouse gas emissions.

That duality makes agriculture both a vital economic driver and a key area for climate action. Building a low-emission, technology-driven agricultural model is essential for Vietnam’s green transition and sustainability roadmap, VNN reported.

Photo: VNN
Photo: VNN

Since 2011, initiatives like the National Context Program (NCP) have improved farmers’ livelihoods while producing measurable environmental benefits.

Low-carbon agriculture takes root

Le Cong Thanh, Deputy Minister of Agriculture and Environment, pointed to promising trends in the greening of production and consumption, particularly within agriculture.

Numerous ecological and low-carbon farming models have been launched, involving businesses and cooperatives in applying advanced technology to monitor and control production environments - raising both yield and product quality.

In September 2025, the Ministry approved a national low-emission crop farming roadmap for 2025–2035. This strategy aims to bring Vietnam’s crop production in line with low-carbon goals, safeguard national food security, and boost the global competitiveness of Vietnamese agricultural exports.

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