After CECA, we now have VECA?

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Vietnam-Singapore industrial park grid gets power-up amid slew of deals inked during To Lam’s visit​

Other developments include a new agrifood trade task force, strategic dialogue forum

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Goh Ruoxue​

Published Fri, May 29, 2026 · 03:00 PM
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• An advanced manufacturing research centre is slated to be built within the VSIP ecosystem. PHOTO: VSIP

[SINGAPORE] The landmark Vietnam-Singapore Industrial Park (VSIP) initiative is adding four new parks across Vietnam, and is slated for a new advanced manufacturing research centre within its premises.

These developments are part of seven deliverables announced on Friday (May 29) during Communist Party chief and Vietnam President To Lam’s four-day state visit to Singapore.

The increase brings the total number of industrial parks to 26, up from an earlier 22, and is in line with the city-state’s target to grow the figure to 30 by the year-end.

 

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Wage growth slowed for Singapore workers in 2025, expected to stay moderate in 2026: MOM​

Although nominal wages grew more slowly in 2025, real wages grew faster because inflation eased.

File photo of workers in Singapore's central business district.



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Davina Tham
28 May 2026 11:00AM (Updated: 29 May 2026 10:01AM)
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Read a summary of this article on FAST.


FAST
SINGAPORE: Nominal wages of full-time resident employees grew at a slower pace in 2025 than in the previous year, according to the latest Ministry of Manpower (MOM) data on Thursday (May 28).

Total wages – which include basic pay, annual variable components and employer contributions to the Central Provident Fund (CPF) – grew by 4.9 per cent in 2025, down from 5.6 per cent in 2024.

 

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