#VSIP

PM Hung noted that Vietnam is preparing new policies to attract greater foreign investment, including from Singapore. He called Singapore’s support in developing international financial centres in Vietnam, as well as expanding and upgrading next-generation Vietnam–Singapore Industrial Parks (VSIP) in tandem with high technology transfer.

The Becamex IDC company, the Vietnam – Singapore Industrial Park (VSIP), and Sembcorp Smart Energy Solutions Vietnam signed a contract on solar power development in the southern province of Binh Duong on September 24.

Seven Vietnam-Singapore Industrial Parks (VSIPs) nationwide have drawn US$9 billion investment and generated 176,000 jobs after two-decade development.

Vietnam and Singapore have agreed to boost cooperation between armies, as well as in the fight against terrorism and non-traditional security crimes such as piracy, human trafficking and laundering.