Vietnam's leader To Lam recently visited Singapore to solidify their ties, leading to an agreement to elevate their relationship to a comprehensive strategic partnership. Key discussions included economic cooperation, particularly in undersea cable development and digital connectivity. Both nations expressed intentions to expand growth in industrial parks and commit to green development initiatives. Trade between the two countries reached $23.5 billion last year, with significant investment from Singapore further embedding their economic relations. This strategic partnership comes amid a changing geopolitical landscape that affects global trade dynamics.
Singapore offers investments and technological advancements in digital transformation and green transition, which aligns with Vietnam’s goals to elevate its international standing during challenging geopolitical times.
Bilateral trade between Vietnam and Singapore reached $23.5 billion last year, reflecting a robust increase of 9.5%, underscoring their close commercial ties.
The new comprehensive strategic partnership aims to enhance economic and security cooperation, focusing on key areas like undersea cable development and digital connectivity.
Collection
[
|
...
]