October 13, 2025
HANOI – Vietnamese Minister of Industry and Trade Nguyễn Hồng Diên and Singaporean Minister-in-Charge of Energy, and Science and Technology within the Ministry of Trade and Industry Tan See Leng have agreed to proceed shut coordination in implementing key areas of cooperation, notably in vitality, trade, commerce, and science and technology.
The two ministers held talks in Hà Nội on October 10 as a part of Tan’s journey to attend the nineteenth Việt Nam–Singapore Connectivity Ministerial Meeting.
They famous that bilateral financial and commerce relations have continued to develop substantively and comprehensively, forming a key pillar of the Việt Nam–Singapore bilateral relationship.
A significant focus of the assembly was the proposed renewable vitality export undertaking from Vietnam to Singapore. Both sides mentioned choices for direct transmission between the 2 nations in addition to oblique connections by a 3rd nation. Diên underlined the undertaking’s strategic significance, not just for the bilateral ties but in addition for the formation of an built-in ASEAN energy grid.
Việt Nam’s revised Power Development Plan VIII units a goal of exporting 5–10GW of electrical energy to Singapore, Malaysia, and different companions by 2035, whereas guaranteeing financial effectivity and vitality safety.
The two sides agreed to work intently on the technical stage to develop authorized, monetary, and technical frameworks for the undertaking, and to discover the institution of interconnection agreements amongst Vietnam, Malaysia, and Singapore within the close to future.
The ministers additionally welcomed progress in negotiations on a memorandum of understanding (MoU) on rice commerce between the 2 governments. Diên mentioned the signing of the MoU would assist strengthen Singapore’s meals safety whereas increasing a steady, long-term marketplace for Vietnamese rice. Both sides agreed to speed up procedures to quickly signal the MoU.
Diên additionally known as on Singapore to extend imports of different Vietnamese agricultural merchandise similar to seafood, espresso, tea, and contemporary fruits, whereas enhancing info sharing on requirements, high quality management, and meals security, in addition to conducting skilled exchanges to facilitate commerce in agricultural merchandise.
The two ministers agreed to advertise industrial collaboration in electronics, semiconductors, sensible vitality, and liquefied pure gasoline (LNG), and to share expertise in e-commerce, SME growth, digital economic system, and innovation.
Vietnam proposed Singapore help the event of a Halal industrial park within the nation and assist broaden market entry for Vietnamese items, particularly these underneath the Vietnam Value nationwide model, inside Singapore’s retail and provide chains.
They additionally concurred to strengthen cooperation in coverage analysis and industrial growth planning by collaboration between the Việt Nam Institute of Strategy and Policy for Industry and Trade and Singapore’s Lee Kuan Yew School of Public Policy. Focus might be positioned on renewable vitality, inexperienced transition, supporting industries, and sustainable commerce.
Tan expressed robust help for his Vietnamese counterpart’s proposals and affirmed that he would direct Singapore’s related companies to proceed shut coordination with the Vietnamese aspect.
According to Việt Nam’s Ministry of Industry and Trade, Singapore stays a key financial companion, rating as Việt Nam’s fourth-largest buying and selling companion throughout the Association of Southeast Asian Nations (ASEAN) and its second-largest international investor.
Bilateral commerce has maintained regular progress, reaching US$8.8 billion within the first 9 months of 2025, up 14.1 per cent year-on-year.
Việt Nam’s exports to Singapore had been valued at $4.34 billion, a 9.7 per cent enhance, whereas imports from Singapore rose 18.7 per cent to $4.46 billion over the identical interval final yr. — VNA/VNS