Mr Teo is in Vietnam for celebrations marking the 20th anniversary of the Vietnam-Singapore Industrial Park (VSIP), a flagship project initiated by the governments of Vietnam and Singapore.
The maiden VSIP project is a 500-hectare industrial development zone located in the Thuan An District of Binh Duong Province.
Mr Teo was warmly received in HCM City by the Chairman of People’s Committee Nguyen Thanh Phong.
Singapore is one of Vietnam's largest investors, with more than US$38 billion worth of foreign direct investments in the country as of April 2016.
Mr Teo is accompanied by foreign ministry officials as well as MPs Liang Eng Hwa and Cedric Foo.