SG, Vietnam upgrade ties to Comprehensive Strategic Partnership

This is Singapore’s first CSP with an ASEAN member state.

Singapore and Vietnam have agreed to elevate their bilateral ties to a Comprehensive Strategic Partnership (CSP), Singapore Prime Minister and Minister for Finance Lawrence Wong said.

This marks a milestone for Singapore, as it is the country’s first CSP with an ASEAN member state.

The upgraded partnership will build on their earlier strategic partnership whilst broadening their cooperation into new and emerging areas, including the digital economy, the green and renewable economy, and carbon credits.

“The CSP will spur innovation-driven and green growth in our two countries. It will put in place the building blocks for the ASEAN Digital Economy Framework Agreement and the ASEAN Power Grid, both of which will strengthen the resilience of our region,” said Prime Minister Wong at a joint press conference with Vietnam’s General Secretary To Lam.

Additionally, Wong and Lam also witnessed the exchange of several memoranda of understanding and agreement covering cross-border data flows, financial cooperation, and efforts to address new and emerging threats, including drug trafficking, cybercrime, and online scams, amongst others.