(VOVworld)- The Straits Times, Singapore’s top daily, writes that Singapore is set to demonstrate its faith in Vietnam’s long-term future with Prime Minister Lee Hsien Loong due to officiate the ground-breaking of the fifth Vietnam - Singapore Industrial Park (VSIP) in Quang Ngai province on September 13. In a news story published on September 11, when the Singaporean Prime Minister arrived in Vietnam for a three-day official visit, the newspaper writes that with the visit, the relationship between Singapore and Vietnam will move a significant step forward. It said that as the two countries mark the 40th anniversary of their diplomatic ties, Lee will formally launch a strategic partnership agreement with his Vietnamese counterpart Nguyen Tan Dung. According to the newspaper, the agreement is a wide-ranging blueprint for deepening bilateral ties, covering areas such as trade, training, defense and security. 

For the occasion, Singapore’s online newspaper, Channel News Asia, ran an article reviewing the two countries’ relations over the past 40 years. Channel News Asia quotes officials from both countries as saying that ties between Singapore and Vietnam are excellent and that one symbol of the success of ties between both countries is the Vietnam - Singapore Industrial Parks, with four already established. The visit will also see two key events- the elevation of ties between the two countries to "strategic partnership", and the launch of the fifth VSIP, worth nearly 340 million USD by the two prime ministers. The newspaper says the fifth park - VSIP Quang Ngai- will comprise a 600 hectare industrial park and another 520 hectare site zoned for commercial and residential purposes near downtown Quang Ngai city. With the new facility, the Vietnam-Singapore Industrial Park developments comprise 6,000 hectares in the country, making it the largest integrated township and industrial park development in Vietnam.