PM Phuc wants stronger Vietnam-Singapore ties Prime Minister Nguyen Xuan Phuc (C) attends the Vietnam-Singapore Business Forum in Singapore on April 26 - PHOTO: VGP HCMC – Vietnam and Singapore should work harder to elevate bilateral economic, trade and investment ties after five years of strategic partnership, said Prime Minister Nguyen Xuan Phuc. Attending the Vietnam-Singapore Business Forum with some 700 delegates attending in the framework of an official visit to Singapore, Phuc said that in just five years after the establishment of strategic partnership, Singaporean investors have pledged US$43 billion in more than 2,000 projects in Vietnam. Two-way trade has soared to nearly US$8.5 billion and an average of 280,000 Singaporean tourists have come to Vietnam a year, he was quoted by VietnamPlus as saying. Vietnam has had nearly 100 projects valued at over US$200 million in Singapore. Phuc said Vietnam is trying to improve its investment environment, improve the … [Read more...] about PM Phuc wants stronger Vietnam-Singapore ties
Vietnam singapore industrial park
PM urges strong changes in Vietnam-Singapore economic partnership
PM Nguyen Xuan Phuc (middle) at the Vietnam-Singapore Business Forum (Source: VNA) Addressing the Vietnam-Singapore Business Forum on April 26th, which brought together about 700 delegates from both sides, the PM highlighted the practical foundation for the bilateral collaboration, which was laid by late Singaporean PM Lee Kuan Yew who supported the construction of the first Vietnam-Singapore Industrial Park (VSIP) in Vietnam’s southern Binh Duong province in 1992. Five years after the establishment of the Vietnam-Singapore strategic partnership, Singapore now has more than 2,000 projects with total investment capital of over USD43 billion in Vietnam, and two-way trade has reached nearly USD8.5 billion, PM Phuc said, adding that up to 280,000 Singaporean tourists visited Vietnam each year. Vietnam also has invested in nearly 100 projects valued at more than USD200 million in Singapore. The numbers reflect improvements in Vietnam’s investment environment, he said, citing a … [Read more...] about PM urges strong changes in Vietnam-Singapore economic partnership
Vietnam, Singapore look to deepen ties
Vietnam, Singapore look to deepen ties Vietnam’s Prime Minister Nguyen Xuan Phuc attends a meeting with Singapore’s Prime Minister Lee Hsien Loong at the Istana in Singapore on April 25 - PHOTO: REUTERS HCMC - Prime Minister Nguyen Xuan Phuc on the afternoon of April 25 arrived in Singapore for an official visit aimed at deepening bilateral relations and creating new cooperative breakthroughs, according to the Government news website. The Singapore visit by PM Phuc occurs at a time when the two countries are celebrating the 45th anniversary of the establishment of diplomatic ties and the fifth anniversary of the establishment of strategic partnership. Singapore has remained one of Vietnam’s biggest partners since 1996. Two-way trade between the two Southeast Asian nations expanded from US$7.1 billion in 2016 to US$8.3 billion last year. Vietnam mainly exports seafood, coffee, pepper, vegetables and fruits to Singapore. Singapore’s foreign direct … [Read more...] about Vietnam, Singapore look to deepen ties
Vietnam, Singapore boast cooperation potential
Vietnam-Singapore industrial park in Quang Ngai (Photo: VNA) Singapore (VNA) – Vietnam and Singapore have potential for cooperation in high technology, digital and software technologies, and in the development of Vietnam-Singapore industrial parks in Vietnam, said Singapore’s President Halimah Yacob. President Yacob made the statement while receiving Vietnamese Ambassador to Singapore Tao Thi Thanh Huong who presented her credentials to him on March 29. He proposed both sides continue boosting collaboration in socio-economic development, with focus on cooperation in development of businesses, while strengthening cultural exchanges. Ambassador Huong showed her impression at achievements that the government and people of Singapore have gained over the past years, making Singapore a leading developing country and an economic, financial, science-technology, education and health care hub of the world. The diplomat expressed her pleasure at the growing bilateral relations in … [Read more...] about Vietnam, Singapore boast cooperation potential
Vietnam, Singapore convene 11th political consultation
They shared the view that since the establishment of bilateral strategic partnership in 2013, Vietnam and Singapore have witnessed the effective development of bilateral ties in a range of fields from politics, defense-security, to economy, trade, investment, education and people-to-people exchange. At the event Singapore is the third largest investor in Vietnam with nearly 2,000 projects worth USD 42 billion, nearly two-fold increase from that recorded since the upgrade of bilateral ties to strategic partnership level, mostly contributed by eight Vietnam-Singapore Industrial Parks based in Vietnam. New progresses have been seen in defense-security ties, especially in the exchange of naval vessels, counter-terrorism and cyber security. Increasing cultural collaboration and people-to-people exchange have contributed to raising mutual understanding between the two peoples. The two officials vowed to continue maintaining trustworthy political ties between the two … [Read more...] about Vietnam, Singapore convene 11th political consultation