The agreement was signed at the Vietnam–Singapore Tech Connect Forum in Singapore. Photo: Temasek Foundation

The strategic collaboration agreement establishes key priority areas for joint action, including innovation and green economy development through initiatives, programmes and projects that contribute to Vietnam’s green transition, development and climate resilience.

The agreement also focuses on capital mobilisation and strategic partnerships by engaging investors, financial institutions, corporations, philanthropic organisations and development partners to mobilise financial and strategic resources for innovation and green development initiatives.

In addition, the agreement promotes ecosystem and market development by building collaborative platforms to support enterprises deploying green and climate solutions in Vietnam, including investment readiness, regulatory sandbox initiatives, market entry, and international scaling.

The first initiative under the agreement will be the launch of Net Zero Challenge 2026 in July. This will mark the 4^th edition of the annual programme initiated by Touchstone Partners, Temasek Foundation, in collaboration with the Ho Chi Minh City Institute for Development Studies since 2023.

Across its first three editions in 2023, 2024 and 2025, the programme attracted 1,500 climate innovation solutions, mobilised millions of Singapore dollars in catalytic funding and supported tens of innovative startups and participating organisations in developing and applying climate technology and innovation solutions in Vietnam.