Singapore and Vietnam Deepen their Strategic Collaboration

September 2023

Singapore’s Prime Minister recently highlighted how both the city-state and Vietnam share a stake in the stability and prosperity of the Southeast Asia region. During a visit of Singapore’s Prime Minister to Vietnam, where he met his counterpart, the two leaders agreed to step up cooperation in renewable energy, carbon credits and the digital economy. They also agreed to establish annual PM-to-PM meetings to discuss issues of mutual concern and explore upgrading bilateral relations to a Comprehensive Strategic Partnership.

Other agreements recently signed include a memorandum of understanding (MOU) on an innovation talent exchange program that will allow Singaporean professionals to take advantage of selected innovation-related jobs in Vietnam and vice versa. Other agreements also included an MOU on infrastructure cooperation for collaboration in sustainable urban development.

A different set of agreements consisted of renewals of previous deals. A letter of intent was signed by signaling the substantive conclusion of negotiations on an agreement that enables the transfer of carbon credits between Singapore and Vietnam.

(Source: The Business Times)

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