According to Minister for Foreign Affairs Vivian Balakrishnan, Singapore is pushing for closer cooperation with Vietnam in the areas of digital economy and sustainable development. This announcement was made prior to the visit of Pham Minh Chinh, the prime minister of Vietnam, to the Lion City.
A Shared Opportunity in the Digital Economy Balakrishnan emphasised the value of the digital economy for both countries, especially given that it covers cutting-edge fields like cybersecurity, cross-border data flows, smart cities, innovation, artificial intelligence, and digital payments. The importance of digital trade and e-commerce in maintaining the resilience of supply chains and ensuring business continuity has been highlighted by the COVID-19 pandemic.
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“The COVID-19 pandemic has highlighted the crucial role of digital trade and e-commerce in ensuring supply chain resilience and business continuity. During the series of high-level exchanges last year, leaders on both sides also agreed on the importance of accelerating cooperation in digital transformation,” said Balakrishnan.
Sustainable Development: A Team-Based Approach
With a focus on renewable energy, carbon credits, and sustainable infrastructure, Singapore is eager to collaborate with Vietnam on sustainable development. By 2050, net zero carbon emissions are desired.
According to Balakrishnan, the partnership with Vietnam on sustainable development will pave the way for a greener and more sustainable future for both of our countries.
