Singapore and Vietnam share excellent bilateral relations, underpinned by the Strategic Partnership Agreement concluded in September 2013 during Prime Minister Lee Hsien Loong’s official visit to Vietnam. Our economic ties are robust, with bilateral trade growing steadily over the last decade. Our strong economic cooperation is symbolised by the Vietnam-Singapore Industrial Parks (VSIPs). The first VSIP in Binh Duong celebrates its 23rd anniversary in 2019. The Connectivity Framework Agreement (CFA), in force since 23 January 2006, provides the overarching framework for bilateral economic cooperation across six sectors (education and training, finance, investments, information technology and telecommunications, trade and services, and transportation).
Vietnam is the top recipient country under the Singapore Cooperation programme (SCP). As part of Singapore’s commitment to the Initiative for ASEAN Integration, the Vietnam-Singapore Training Centre was established in Hanoi in November 2001 to train Vietnam officials. To boost economic integration and the adoption of technology in the region, the Vietnam-Singapore Training Centre was upgraded to a Singapore Cooperation Centre in 2019.