This trip marks the Singaporean leader’s fourth official visit to Vietnam since he took office in 2004. His most recent visit to Vietnam was in March 2017.

The three-day visit will coincide with the celebration of the 50th anniversary of Vietnam-Singapore diplomatic relations (1973-2023) and the 10th anniversary of the two nations’ strategic partnership (2013-2023).

Currently, Singapore is one of Vietnam’s most significant economic partners in the region. Two-way trade between the two countries totaled US$9 billion in 2022, up 10.1% versus the previous year.

With 3,032 active projects and total registered capital of US$70.39 billion, Singapore secures the first position among the ASEAN countries and the second out of 141 countries and territories investing in Vietnam.

Source: Saigon Times