With its unique geographical position, Singapore has become a major commercial transshipment station in the world. Meanwhile, Vietnam is an emerging producer and exporter with many products with great competitiveness in the ASEAN region and the world. With the advantages of supply capacity and trade capacity, the two countries’ businesses have great potential, especially in the current context when they are the only two countries in the region with a free trade agreement (FTA) with the EU, UK.

Most of Vietnam’s imports from Singapore are processed and manufactured goods, including: computers, electronic products and components; spare parts means of transport; phones and accessories.

1. Trade relation between Vietnam and Singapore

Vietnam and Singapore established diplomatic relations on August 1st 1973. After Vietnam joined the Bali Treaty (July 1992) and became a full member of the ASEAN in July 1995, the bilateral relations entered a new stage of development which is more productive and fruitful.

Vietnam and Singapore are both members of ASEAN, therefore importers from two countries can enjoy special preferential import duty to 0% for many commodities under the ASEAN Trade in Goods Agreement

Besides FTAs that Vietnam and Singapore join as members of ASEAN, the two countries are members of TPP và RCEP

2. Import procedures for the shipment from Singapore to Vietnam

• Step 1: Research and opt for reputable businesses to negotiate for the order.
• Step 2: Signing the foreign trade contract

Some main contents of a commercial contract include the following mandatory provisions (according to the Commercial Law 2005):

• • • Description of goods
    • Quality of goods
    • Quantity and weight of goods
    • Unit price, total cost of goods with commercial conditions (eg CIF port of loading)
    • Relevant attached documents
    • Term and place of delivery
    • Payment method 
• Step 3: Tracking the processes of the shipment
• Step 4: Do import customs clearance
• Step 5: Conducting payment to the exporter

3. Delivery of cargoes from Vietnam to Singapore

• By Sea freight: 
  • FCL (Full container loading) Service: If you have big volume and not delivery urgently you could consider using FCL service of SM Vietnam. We offer both Dry Container (Dry Container, Open Top container, Flat Rack container) and Refeer container service. Transit time from Main Port Vietnam to Singapore is 6-8 days, direct service and weekly. Cut off CY is usually 2 days before departure date.
  • LCL (Less container loading) Service: If you have heavy cargo with volume < 10 cbm you could consider LCL service of SM Vietnam, direct service and weekly. Cut off time at CFS Warehouse usually 4-5 days before departure date.
• By Air Freight:
  • Air Service is used for small volume and urgent leading time. SM server range of volume: Min, +45kgs, +100kgs, +300 kgs, +500 kgs, +1000kgs for range type of cargo: General cargo, Dangerous (DG cargo), Perishable cargo. Transit time by air is 1 day (direct service), 2-3 days with transit service.

4. Why choosing SM Vietnam Global Logistics for delivery cargo

–          We have many year experience for exporting shipment

SM Global Logistics is known as one of the leading freight forwarding companies in Vietnam, providing ocean freight, air freight for export- import cargo service, customs clearance and local trucking. We can handle all terms, including DDP until final destination. Until now, we have 4 branches in Vietnam and a network of agents all over the world to ensure handling shipment for many routes and types of commodities.

–          SM global Logistics have good relationship with vendor and lines

SMG has our own trucking team with a big volume of trucks and we are able to arrange special vehicles for all kinds of cargo. Besides, we have contracts with many lines: MCC, MSC, YML,OOCL, COSCO, WANHAI, CMA CGM …so SM Global is confident with competitive rates

–          We always bring the best customer service, ready for 24/7

We are always ready to answer, solve problems related to shipment in order to provide the best service. With the spirit of international working, we not only work according to the Vietnamese time zone, but also have someone on duty to ensure that we do not miss any of our customers’ needs. We believe good service will be what keeps customers more than anything.

–          SM Global’s strength is exporting cargo from  Singapore to Vietnam

We had experience in handling shipments to/from Singapore, and these shipments accounted for around 25% total volume cargo (data 2021), with a big volume, we got competitive ocean freight and other service also.

•   The main commodity: Electric components, steel and iron, rubber, fruits, plastics,…
•   Volume per month: From 30- 40 containers (20 DC & 40HC)