Singapore and Vietnam enter new phase of relations

Vietnam Investment Review

Prime Minister of Singapore, Lee Hsien Loong, will pay an official visit to Vietnam this week. Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry, writes about how both economies can bring their economic ties to greater heights.

Singapore and Vietnam are among the top three startup ecosystems in Southeast Asia. With our common goal of driving further economic growth through technology and innovation, there is scope for us both to tap on each other’s innovation ecosystems for partners, funding, and talent. Our collaboration in innovation has gained momentum through BLOCK71 in Ho Chi Minh City, a collaboration between the National University of Singapore and Vietnam’s Becamex IDC, which is currently home to more than 1,000 startups, incubators, and accelerators.

There is also the Global Innovation Alliance node in the same city, where Enterprise Singapore partnered with the Saigon Innovation Hub and Quest Ventures to facilitate startup exchanges between both countries.


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