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Singapore and Vietnam upgrade ties; deepen cooperation in digital economy, renewables

In a Facebook post, Mr Wong said Mr Lam’s visit was “especially meaningful” as Singapore marks 60 years of independence while Vietnam commemorates its 80th anniversary.

The CSP is Singapore’s first such partnership with an ASEAN member state.

“It reflects the close links and trust between our nations and the immense potential for even greater collaboration,” Mr Wong wrote.

He added that the comprehensive strategic partnership reaffirms both countries’ shared commitment to working together in the aforementioned areas.

Mr Wong said in his toast speech during the official lunch that the “robust economic collaborations” between Singapore and Vietnam are the “cornerstone of our relationship”.

“Last year, Singapore was Vietnam’s top foreign investor, and that reflects the high level of confidence that our businesses have in Vietnam’s potential.”

Vietnam’s exports to Singapore have also increased significantly over the same period, Mr Wong added, noting the growing links between both economies.

During Mr Lam’s visit, both leaders also witnessed the exchange of Memoranda of Understanding and agreements related to combatting transnational crime, digital transformation, offshore wind power trade cooperation, and the development of Vietnam–Singapore Industrial Parks, said MFA.

Source: CNA

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