This was marked by the signing of numerous agreements on strengthening cooperation in transnational crime prevention and combat, digital transformation, digital economy, financial technology, green economy, and renewable energy.

Both sides agreed to expand Vietnam-Singapore Industrial Parks (VSIPs), creating jobs for local people while encouraging the development of smarter and more modern VSIPs in the future. Commenting on the visit’s outcomes, regional media regarded it as a successful model of green and digital economic cooperation.

The Singapore-based website opengovasia.com noted that the island city state is proactively promoting a green and digital economic partnership with Vietnam as the two countries explore cooperation opportunities in various sectors, including the digital economy, renewable energy, and innovation.

According to the website, the Vietnam-Singapore green and digital economic partnership exemplifies dynamic and promising collaboration that benefits both nations. By leveraging Singapore’s expertise in digital services and clean technology alongside Vietnam’s growing energy and IT industries, both countries are making steady progress toward sustainable long-term growth. Working together to resolve shared challenges in energy transition, digital transformation, and innovation, the Vietnam-Singapore partnership in these fields is expected to serve as a model for successful international cooperation within ASEAN and beyond.

As Vietnam enters a new development phase, science, technology, and innovation are considered key drivers of growth. Pham Quang Cuong, former Associate Professor at Nanyang Technological University (Singapore) and CEO of Eureka Robotics in Singapore, highlighted the importance of harnessing AI and automation for Vietnam’s sustainable development.

He emphasized Vietnam’s advantage of having a young and dynamic workforce, particularly talented AI software engineers who can drive innovation and help the country compete globally, even with limited capital. While Vietnam has made great efforts to accelerate digitalization, full AI integration into production requires time, strategic planning, and patience.

Also reporting on the visit, opengovasia.com stated that as Vietnam continues its journey into the digital era, AI and technological cooperation with Singapore will play a crucial role in shaping the future of both nations. With strategic investments, close collaboration, and reform efforts, the two countries will unlock opportunities for innovation, economic growth, and global competitiveness, fostering a dynamic and sustainable economic partnership.

Meanwhile, Japan’s Nikkei noted that the agreement to ramp up bilateral cooperation with Vietnam signifies Singapore’s increased involvement in supporting Vietnam’s economic development. This comes at a time when changes in global supply chains are making Southeast Asia a hub for industrial activity.

The newspaper quoted Singaporean Prime Minister Lawrence Wong, who welcomed industrial parks that have generated employment and created valuable opportunities for both nations.

According to Nikkei, the ongoing trade tensions between the world’s two largest economies, the US and China, have prompted many companies with manufacturing bases in China to consider shifting operations to Southeast Asian nations such as Vietnam. New industrial parks being developed through Vietnam-Singapore cooperation are expected to meet this demand.

Sembcorp Industries, partly owned by Singapore’s state investor Temasek, noted that the new industrial park in Nam Dinh is set to become “the fastest-growing economic zone” with major electronics, machinery, and automotive firms establishing operations there along with their supply chains.

Beyond industrial parks, Singapore and Vietnam have also agreed to bolster cooperation in other areas under the framework of their Comprehensive Strategic Partnership.

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