Vietnam-Singapore

The electricity will be transmitted via a new 1,000-kilometer submarine cable, with the capacity to supply 10% of Singapore's annual energy needs.

At present, the tally of Vietnam-Singapore Industrial Parks (VSIP) has reached 14, spanning 10 provinces and cities, boasting a combined investment of US$18.7 billion and generating employment for more than 300,000 individuals.

Vietnam is dedicated to further enhancing the overall investment climate for foreign investors, especially those from Singapore.

Economic ties are the biggest strength of the two countries, which also eye cooperation in digital transformation and green growth.

Vietnam is looking forward to strengthening cooperation with Laos, Singapore, and Brunei in a variety of fields.

Cooperation in emerging areas like renewable energy, carbon credits, and the digital economy will boost economic ties between the two countries.

The Vietnamese community in Singapore, with young intellectuals, scholars, Ph.D. candidates, and students, is expected to make a bilateral cooperation role model.

The visit opens the year marking the 50th anniversary of bilateral relations and 10 years of the Strategic Partnership.

During the three-day visit to Singapore, Prime Minister Pham Minh Chinh and his Singaporean counterpart Lee Hsien Loong will witness the signing of bilateral agreements that will further strengthen the multifaceted cooperation between Singapore and Vietnam.