Progress in Vietnam-Singapore Ties Made
Important milestones and outstanding achievements in the Vietnam-Singapore relationship were showcased through various commemorative activities held in both countries. Vietnam and Singapore officially established diplomatic relations in 1973, and since 2013, the relationship has been elevated to a strategic partnership. High-level visits and contacts have been actively maintained, fostering extensive cooperation in multiple fields. Economic, trade, and investment cooperation between Vietnam and Singapore serves as a model for bilateral economic relations in Southeast Asia. Both countries are consistently among each other’s top 15 trading partners. In 2022, bilateral trade turnover reached approximately US$9.15 billion, marking an 11.6% increase compared to 2021. Singapore is Vietnam’s leading economic partner in the region, with 3,274 valid projects and a total registered capital of about US$73.5 billion. The Vietnam-Singapore Industrial Parks (VSIPs) symbolize the economic coope...