Singapore remains key economic partner for Vietnam, deputy PM says

Standing Deputy Prime Minister Pham Gia Tuc reaffirmed Singapore's significance as a major economic and trade partner for Vietnam, emphasizing the strategic importance of deepening bilateral ties across multiple sectors.

Pham Gia Tuc proposed that Singapore expand its support for Vietnam's development agenda, particularly in establishing international financial centres, modernizing seaport and airport infrastructure, and strengthening the logistics industry. These areas represent key growth drivers for Vietnam's economy as it seeks to enhance regional competitiveness and trade capacity.

The remarks come as the two countries deepen cooperation across defence, aviation, and digital sectors. Vietnam Airlines is set to launch direct flights between Da Nang and Singapore starting November 17, expanding connectivity between the two nations. Additionally, Vietnam and Singapore are collaborating on digital identification systems, with their initiative serving as a test case for broader ASEAN interoperability standards.

The multifaceted engagement reflects Vietnam's broader strategy to leverage partnerships with developed Southeast Asian economies to accelerate infrastructure modernization and economic integration within the region.