Vietnam, S'pore to Launch Smart Industrial Parks with Urban Edge

• New VSIPs will include smart cities and digital commerce zones.
• Leaders agree to boost ties in tech, energy, and sustainability.
• Vietnam seeks Singapore’s help to develop a skilled workforce.

Vietnam and Singapore have agreed to establish more Vietnam-Singapore Industrial Parks (VSIPs) throughout the country, expanding the footprint from traditional manufacturing zones to include smart urban development and digital commerce spaces, and technology parks.

The agreement was made during a conversation between Vietnamese Prime Minister Pham Minh Chinh in a meeting with Singapore Prime Minister Lawrence Wong on Wednesday, which took place during the 16th Annual Meeting of the New Champions of the World Economic Forum in Tianjin, China, the Vietnamese Ministry of Foreign Affairs said.

Prime Minister Chinh also stated that Vietnamese ministries are drafting an action program from 2025 to 2030 to implement the comprehensive strategic partnership established in March this year.

He suggested creating new VSIPs that extend past typical industrial areas, integrating intelligent urban infrastructure and digital commerce.

The PM additionally called for enhanced collaboration in important domains such as the digital economy, sustainable development, and the establishment of international financial centers in Vietnam.

Chinh highlighted the necessity of developing high-quality human resources and urged Singapore to offer assistance via both short-term and long-term initiatives.

In reply, PM Wong supported the suggestions and accepted the prompt initiation of the action plan for the comprehensive strategic partnership. He advocated for the enhancement of advanced VSIPs that incorporate high-tech parks, residential zones, and commercial spaces.

Also Read: Kazakhstan, China Launch $66.4B Industrial Projects Deal

Wong also expressed interest in strengthening food security collaboration with rice imports from Vietnam. The two leaders agreed to keep and strengthen their current collaboration purposes and agreed to expand bilateral relations in many areas, including advanced technology, renewable energy, wind energy exports, carbon credit trading, smart infrastructure, sustainable urban development, and cybersecurity.

They mentioned a few regional and global issues and reiterated their support for ASEAN unity and a resilient, cooperative ASEAN Community in a time of increasing uncertainty on the world stage.

Chinh, on behalf of Vietnam, extended an invitation on behalf of State President Luong Cuong to the President of Singapore to attend the signing ceremony of the United Nations Convention against Cybercrime in October in Hanoi.