Vietnam – Singapore foster economic connectivity

PSNews – The 13th Vietnam – Singapore Connectivity Ministerial Meeting took place under the chair of Minister of Planning and Investment Nguyen Chi Dung and Minister of Industry and Trade of Singapore Lim Hng Kiang, in Hanoi on October 17.

Within the framework of this conference, the two sides together assessed the implementation of agreements on several fields such as education, information, transportation, finance-banking and tourism services.

Minister of Planning and Investment Nguyen Chi Dung said that recently, Vietnam has been more active in improving business and investment climate, and raising the confidence of international businesses. 

He voiced his hope that the two countries will expand cooperation in the coming time, raising the efficiency of bilateral investment. The two sides will also exchange information and address difficulties of Singapore’s firms in Vietnam.

For his part, Singaporean Minister for Trade and Industry Lim Hng Kiang affirmed that Vietnam is a major economic partner that has attracted the increasing number of foreign investment, including those from Singapore.

At the meeting, the two sides evaluated the implementation of bilateral cooperation agreements in the six connectivity areas, namely investment, finance, information technology and communications, education and training, transportation, and trade and services.

To boost economic connectivity and investment cooperation, the two sides proposed both countries’ state management agencies bolster cooperation, information exchange and experience sharing on management policies and knowledge in various fields such as communications, education-training, tourism-services, urban transportation planning and management, road transport development and export-import.

Vietnam-Singapore trade has been thriving with an average growth of 12 percent a year. Singapore is the sixth biggest trade partner of Vietnam while Vietnam is currently the 11th largest trade partner of Singapore.

In the first seven months of 2017, two-way trade between Vietnam and Singapore hit USD five billion, up 16.4 percent year-on-year.

Singapore currently has more than 1,910 valid investment projects in Vietnam, with total registered capital of over USD 41.38 billion, making it the third leading foreign investor in Vietnam.

In the January-August period, Singapore poured 3.93 billion USD of registered capital into Vietnam. Of the sum, USD 2.84 billion came to newly-approved projects, while USD 718 million was added to existing projects.

By Linh Bui

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.