Viet Nam
Singapore and Viet Nam enjoy excellent bilateral relations, underpinned by regular high-level exchanges, robust business-to-business ties, and the Singapore-Viet Nam Comprehensive Strategic Partnership. The Viet Nam-Singapore Industrial Park (VSIP) is also a strong symbol of the economic partnership, which is also supported by ASEAN economic agreements and the Regional Comprehensive Economic Partnership (RCEP).
Last updated on 12 November 2026
Singapore-Viet Nam Economic Relations
Minister for Energy, Trade and Industry (Energy and Industry) Dr Tan See Leng (in his then-capacity as Minister-in-charge of Energy, Science and Technology), former Viet Nam Minister of Finance Nguyen Van Thang and officials from both sides at the 19th Singapore-Vietnam Connectivity Ministerial Meeting (CMM) in September 2026 in Ha Noi, Viet Nam.
Cooperation between Singapore and Viet Nam has deepened significantly since the elevation of bilateral ties to that of a Comprehensive Strategic Partnership (CSP) in 2025. The annual Connectivity Ministerial Meeting (CMM) serves as the key platform for bilateral economic engagement, with cooperation spanning connectivity, energy, sustainability, infrastructure, and innovation.
The Viet Nam-Singapore Industrial Park (VSIP) serves as a symbol of our strong economic collaboration and robust investment ties. To deepen innovation linkages, Singapore and Viet Nam signed an MOU on the Innovation Talent Exchange (ITX) Programme in August 2023. ITX enables professionals from both countries to undertake short-term placements in eligible innovation-related sectors, helping build skills and experience to capture emerging opportunities in technology and innovation.
Both sides also collaborate at plurilateral and multilateral fora, including ASEAN, the World Trade Organization (WTO), the Asia-Pacific Economic Cooperation (APEC), and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)..
Plurilateral Agreements involving Viet Nam
ASEAN Economic Agreements
Singapore and Viet Nam cooperate through a range of ASEAN economic agreements. These agreements support trade, investment, services, connectivity, and economic integration across the region.
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Agreement contains commitments aimed at easing and growing trade and investment among its members. This includes eliminating tariffs on 94 to 99% of trade in goods, reducing non-tariff barriers, easing services and investment regulations, and establishing digital trade rules, among others. The CPTPP members collectively represent approximately 15% of global GDP.
Regional Comprehensive Economic Partnership (RCEP)
The Regional Comprehensive Economic Partnership (RCEP) is the world’s largest FTA, comprising about 30% of global GDP and about a third of the world’s population. It broadens and deepens Singapore’s economic connectivity with the region, opens up opportunities and provides businesses with more coherent access to the region.
International Platforms involving Viet Nam
Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations (ASEAN) consists of 11 member states following the official admission of Timor-Leste. The members are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Viet Nam, and Timor-Leste. These nations work together to promote economic growth, social progress, and regional stability in Southeast Asia.
Asia Pacific Economic Cooperation (APEC)
The Asia-Pacific Economic Cooperation (APEC) forum comprises 21 Asia-Pacific economies. It was established in 1989 in response to the growing interdependence among Asia-Pacific economies and the advent of regional trade blocs in other parts of the world. Its primary purpose is to promote economic growth and prosperity in the Asia-Pacific region. Singapore was a founding member alongside 11 other economies.
Indo-Pacific Economic Framework for Prosperity (IPEF)
The Indo-Pacific Economic Framework for Prosperity (IPEF) provides a platform for countries in the region to collaborate on advancing resilient, sustainable, and inclusive economic growth, and aims to contribute to cooperation, stability, and prosperity in the region.