25/03/2017 00:01 GMT+7 Email Print Like 0

The Firm Relations between Vietnam and Singapore

At the invitation of Prime Minister Nguyen Xuan Phuc, Singaporean Prime Minister Lee Hsien Loong paid an official visit to Vietnam from March 21 - 24, 2017. During the visit, the Singaporean Prime Minister and Vietnamese leaders agreed to further promote the strategic partnership between the two nations.
Vietnam and Singapore are two Southeast Asian nations that have a strategic partnership and Singapore is Vietnam’s third largest investor. Cooperation in politics, defence-security and people –to – people exchange reached fruitful achievements.

At their talks, Prime Minister Nguyen Xuan Phuc and Prime Minister Lee Hsien Loong have agreed to foster a strategic trust, promote cooperation and integration and further deepen the strategic partnership between the two countries.
 


Prime Minister Nguyen Xuan Phuc receives his Singaporean counterpart Lee Hsien Loong. Photo: Thong Nhat/VNA

The welcoming ceremony for the Singaporean leader is held solemnly at the Presidential Palace. Photo: Thong Nhat/VNA
The two Prime Ministers at their talks. Photo: Thong Nhat/VNA


 Prime Minister Nguyen Xuan Phuc has a retreat meeting with his Singaporean counterpart Lee Hsien Loong. Photo: Thong Nhat/VNA


Prime Minister Nguyen Xuan Phuc holds talks with Prime Minister Lee Hsien Loong at the Government’s Headquarters.
Photo: Thong Nhat/VNA

 The two Prime Ministers witness the signing ceremony of a memorandum of understanding on the building of
a Vietnam-Singapore Industrial Park in Quang Tri province. Photo: Thong Nhat/VNA

 The two Prime Ministers attend a press conference after their talks. Photo: Thong Nhat/VNA

 
The two sides pledged to foster cooperation in many fields, including economics, trade, investment, politics, people – to – people exchange, personnel training, defence – security, science, education, technology and the environment. They underlined that the strong growth of bilateral economic, trade and investment is a firm pillar for the strategic partnership of the two countries, highlighting the need to create a favourable business environment and promote connectivity among businesses.

Prime Minister Lee Hsien Loong promised that Singapore will continue to assist Vietnam in personnel training; support Vietnamese firms in their bid to join the global market and supply chains, while considering the setting up of high technology industrial parks; help Vietnam develop smart cities, facilitate startup firms, especially in science-technology, capital access and management capacity, and encourage linkages with some major cities of Vietnam, including Ho Chi Minh City and Da Nang
 
Party General Secretary Nguyen Phu Trong receives Singaporean Prime Minister Lee Hsien Loong. Photo: Tri Dung/VNA
 State President Tran Dai Quang receives the Singaporean leader. Photo: Nhan Sang/VNA
National Assembly Chairwoman Nguyen Thi Kim Ngan has a meeting with Prime Minister Lee Hsien Loong.
Photo: Trong Duc/VNA


 Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong meets with Prime Minister Lee Hsien Loong.
Photo: Thanh Vu/VNA
On the occasion, the two Prime Ministers reached a consensus on maintaining bilateral consultations and cooperation with other ASEAN countries to build an ASEAN of solidarity and unity, dynamism and innovation, and promoting the association’s central role in coping with strategic regional issues, especially the East Sea matters.

Vietnam and Singapore highlighted the significance of peace, stability and maritime and aviation security and safety in the East Sea, as well as the settlement of disputes through peaceful measures in line with international law, including the UN Convention on the Law of the Sea 1982, with respect for diplomatic and legal processes, without using or threatening to use force; and full implementation of the Declaration on the Conduct of Parties (DOC) in the East Sea as well as the early building of a quality Code of Conduct (COC) framework and the signing of the deal soon.
 


Singapore is Vietnam’s third largest trade partner in ASEAN and the sixth largest in the world. Two-way trade reached 7.1 billion US dollars in 2016. The island state is the third largest investor in Vietnam with 1,800 projects worth about 39 billion US dollars. There are 7 Vietnam – Singapore Industrial Parks (VSIPs) in Vietnam considered a symbol of the close economic relations of the two countries. 
 

By VNA/VNP
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