Ministry of Trade and Industry, Singapore
Singapore and Vietnam are among the top three start-up eco-systems in Southeast Asia. With our common goal of driving further economic growth through technology and innovation, there is scope for Singapore and Vietnam to tap on each other’s innovation eco-systems for partners, funding and talent.
Our collaboration in innovation has gained momentum through (i) BLOCK71 Saigon, a joint collaboration between the National University of Singapore (NUS) and Vietnam’s Becamex IDC, which is home to more than 1,000 startups, incubators, and accelerators since 2011; and (ii) the Global Innovation Alliance (GIA) node in Ho Chi Minh City, where Enterprise Singapore partnered Saigon Innovation Hub (SIHUB) and Quest Ventures to facilitate start-up exchanges between both countries.
In December 2022, Singapore’s Ministry of Trade and Industry and Vietnam’s National Innovation Centre (NIC) signed an Innovation Work Group MOU to connect innovation eco-systems between Singapore and Vietnam. I am happy to see that NIC is signing MOUs with several Singapore Institutes of Higher Learning and corporates like UOB and Keppel later to foster closer partnerships between both sides.