- Vietnam-Singapore elevate ties to Comprehensive Strategic Partnership.
- Singapore invests $87.6B in Vietnam; focus on FDI, green finance.
- Expand agriculture, energy trade, talent exchange, Industry 4.0.
Vietnam and Singapore conducted a Senior Officials’ Meeting (SOM) in Hanoi in hybrid format to prepare for the 19th Connectivity Ministerial Meeting (CMM), reflecting the substantial progress in bilateral relations in multiple sectors reported the Vietnam News Agency (VNA).
Deputy Director Nguyen Ngọc Anh of Vietnam’s Ministry of Finance noted that the relationship had evolved and progressed substantively and effectively, achieving a Comprehensive Strategic Partnership earlier in 2023, 50 years in the making, and a decade of Strategic Partnership. This upgrade signals a strong political trust and opens a new chapter of comprehensive cooperation.
At last year’s 18th CMM, cooperation was extended and upgraded in energy, carbon credits, agriculture, trade, and innovation which is crucial for continued trade and investment. A set of principles were also developed and adopted for the Singapore–Vietnam Innovation Talent Exchange Programme to encourage the exchange of talent and expertise in key fields.
As of August 31, 2025, Singapore is now ranked second among investors in Vietnam with 4,226 projects cumulatively with more than US$87.6 billion registered capital. Vietnam has also invested in Singapore at 190 projects with a cumulative total value of more than $685 million.
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The parties discussed strategies to attract FDI, legal issues and frameworks, incentives, and business discussions to improve supply chain integration. The joint study focused on Vietnam as the international financial center with support for green finance, fintech and trade finance.
The commitment to upgrade VSIPs (Vietnam–Singapore Industrial Parks) with sustainable and innovative standards was affirmed. The parties discussed strengthening FSAP in agri-products where Vietnam requested Singapore to approve imports of poultry eggs, frozen poultry, seafood, vegetables and fruits is also important and indicate the readiness to provide additional credit support for reduction in emissions and climate adaptation.
The parties noted that progresses has been made in areas related to construction, transport and logistics, aviation, maritime connectivity and green energy, including feasibility studies for cross-border electricity trade. The parties discussed issues related to finance, tourism, IT, telecommunications, education and Industry 4.0. Finally, both sides were committed to finalizing MOUs in those subjects for signing at the upcoming 19th CMM which would mark another step in cooperation.