SINGAPORE, VIET NAM TO FURTHER ENHANCE STRATEGIC PARTNERSHIP

Viet Nam is an important economic partner of Singapore in the region and Singapore wishes to further develop its strategic partnership with Việt Nam, said Deputy Prime Minister and Coordinating Minister for Economic Policies of Singapore Heng Swee Keat.

Heng made the statement during his talks with Vietnamese Deputy Prime Minister Lê Minh Khái in Hà Nội yesterday.

Khái spoke highly of the visit by the Singaporean official, which takes place ahead of the 50th anniversary of bilateral diplomatic ties and the 10th anniversary of the Việt Nam-Singapore strategic partnership next year.

The two officials shared the view that their strategic partnership has been growing in various areas. Despite COVID-19, two-way trade surged by 23.3 per cent annually to US$8.3 billion in 2021. Singapore remained the biggest ASEAN investor in Việt Nam with 2,959 valid projects worth $69.8 billion, and the Việt Nam-Singapore industrial parks (VSIPs) have become a successful model of bilateral economic cooperation.

They agreed to launch initiatives in the fields of clean energy, sustainable development, innovation, digital transformation, digital economy, risk management in finance-banking, cyber security, and workforce training to meet the requirements of the Fourth Industrial Revolution.

Khái encouraged Singaporean firms to import Vietnamese products such as farm produce, fisheries and apparel; create favourable conditions to bring processed food to Singapore’s distribution system, as well as invest in VSIPs, with priority given to electronics, smart production, information technology, digitalisation, and new materials.

Heng agreed that the two sides should enhance cooperation to boost trade and supply chain connectivity.

Both sides also pledged to together maintain solidarity and uphold ASEAN’s central role in the region.

Congratulating Singapore on becoming the first country to approve the Regional Comprehensive Economic Partnership (RCEP), Khái said multilateral trade deals like the RCEP, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and sub-regional agreements, would be important tools to deliver on commitments related to free trade, fair competition and transparent economic policies.

On regional and global issues, Khái stressed that building the East Sea into a region of peace and cooperation in line with international law and the 1982 United Nations Convention on the Law of the Sea was of utmost necessity, thus laying the foundation to ensure an environment conducive to economic development.

Source: VNS

Related News

CHARITY / EXHIBITION / OTHER EVENTS

INVESTMENT OPPORTUNITIES IN CA MAU PROVINCE: 96 PROJECTS AND 20 STRATEGIC PROJECTS

We are pleased to share with you information on investment projects currently seeking investors in Ca Mau Province. Should your esteemed company or association be interested, we kindly invite you to review the project information and complete the registration form via the links provided. The Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) will consolidate the expressions of interest and facilitate connections with the leadership of Ca Mau Province at a meeting tentatively scheduled for 13 November 2026 in Ho Chi Minh City.

Oct 16, 2026

MEMBER CORNER / PROMOTIONS

BẰNG KIỀU LIVESHOW - A SYMPHONY OF LOVE UNDER THE GOLDEN GLOW

A masterclass in live music that takes the audience on a soulful journey through immortal love songs, guided by the peerless artistry and emotive storytelling of renowned singer Bằng Kiều. The highlight of the night is his seamless musical chemistry with special guest Triệu Hồng Ngọc, promising passionate and deeply resonant duets inside the magnificent Grand Ballroom.

Oct 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL

The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS

Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.

Oct 14, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET

Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026

Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.

Oct 14, 2026