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Vietnam & Singapore: Comprehensive Strategic Partnership

Posted by Khoi Pham on March 27, 2025
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On March 12, Vietnam and Singapore officially upgraded their bilateral relationship to a Comprehensive Strategic Partnership (CSP)ā€”the highest level of diplomatic relationsā€”during talks between Vietnamese General Secretary TĆ“ LĆ¢m and Singaporean Prime Minister Lawrence Wong in Singapore.

This historic upgrade marks Singaporeā€™s first CSP with an ASEAN country, signifying a new chapter in long-term, multi-dimensional cooperation.

Table of Contents

Vietnam and Singapore Elevate Bilateral Ties to Strategic Heights

Both leaders reviewed major achievements in trade and investment:

  • Bilateral trade in 2024 exceeded $9 billion
  • Singapore is Vietnamā€™s second-largest investor with over $80 billion in cumulative capital
  • The VSIP industrial park network continues to stand as a symbol of successful cooperation

The two sides committed to deepening economic, trade, and investment ties with a focus on green growth, digital transformation, and emerging technologies.

Strengthening Defense, Culture, and People-to-People Links

The new partnership goes beyond economics. Areas of strengthened cooperation include:

  • Defense and security
  • Education and talent exchange
  • Cultural and tourism collaboration
  • Youth engagement and academic mobility

Singapore expressed interest in sending students to Vietnam and enhancing maritime infrastructure via digital transformation. Vietnam, in return, proposed expanding the VSIP 2.0 model with a focus on innovation and low-carbon development.

Shared Vision for Regional Peace and Sustainability

The leaders emphasized the importance of ASEAN unity and sustainable development in sub-regions like the Mekong Delta. Both countries committed to promoting a peaceful and cooperative South China Sea, pushing for a substantive and effective Code of Conduct (COC) in line with UNCLOS 1982.

Key Agreements Signed to Cement the CSP

Vietnam and Singapore signed several cooperation agreements covering:

  • Offshore wind energy
  • Digital transformation
  • Transnational crime prevention
  • Financial innovation

These documents lay the groundwork for a dynamic, future-ready partnership between two strategic ASEAN neighbors.

Explore Strategic Opportunities in Vietnam

As Vietnam continues to strengthen global partnerships and attract foreign investment, now is the time to explore opportunities in its rapidly growing sectors.

šŸ“ž Contact Realtique to unlock high-potential real estate and business ventures aligned with Vietnamā€™s national development goals and regional integration strategies.

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