Singapore and Vietnam collaborate in digital and green economies

Singapore's Foreign Minister, Vivian Balakrishnan, has emphasized the need for increased cooperation between Singapore and Vietnam in new growth areas such as the digital economy, renewable energy, and sustainable infrastructure.

The priority for both countries is to enhance cooperation in the digital economy, which includes cybersecurity, smart cities, innovation, and digital payments.

Balakrishnan stated that both nations must work together to achieve sustainable development, with Singapore's goal being net-zero carbon emissions by 2050. Prime Ministers Pham Minh Chinh and Lee Hsien Loong will sign several bilateral agreements during Chinh's visit to Singapore, which will further strengthen cooperation between the two nations in the digital and green economies.

These agreements demonstrate the close relationship between Singapore and Vietnam and their commitment to addressing the challenges posed by the rapidly evolving digital and green economies.

Their cooperation in these areas will bring about numerous benefits, including new job creation, economic growth, and the development of innovative technologies to address environmental and technological challenges.

The collaboration between Singapore and Vietnam in the digital and green economies is a step towards a sustainable future. Their cooperation will help set an example for other nations to follow and bring numerous benefits to both nations.

Source: The Business Times