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Ambassador talks prospects of Vietnam-Singapore ties

Vietnamese Ambassador to Singapore Nguyen Tien Minh commented on the prospects of Vietnam-Singapore ties amid the current globalisation and digitalisation during a recent interview.
Ambassador talks prospects of Vietnam-Singapore ties ảnh 1Vietnamese Ambassador to Singapore Nguyen Tien Minh( Source: Vietnamese embassy in Singapore)
Singapore (VNA) –Vietnamese Ambassador to Singapore Nguyen Tien Minh commented on the prospectsof Vietnam-Singapore ties amid the current globalisation and digitalisationduring a recent interview granted to Vietnam News Agency correspondents inSingapore.

He expressed his belief thatVietnamese and Singaporean leaders will discuss new forms of investment andbusiness opportunities on the occasion of Singaporean Prime Minister Lee HsienLoong’s visit to Vietnam from March 21-24.

Minh hailed the growing ties betweenVietnam and Singapore over the past years, with two-way trade nearing 20billion SGD and Singapore becoming Vietnam’s sixth largest trade partner in theworld and the second largest in ASEAN. Vietnam, for its part, is also the 12th largest trade partner of Singapore.

In investment, Singapore is the thirdlargest investor in Vietnam, behind Japan and the Republic of Korea, with atotal registered capital of 40 billion USD.

During the four-day visit, PM Lee isscheduled to hold talks with Prime Minister Nguyen Xuan Phuc to seek to boost bilateralcooperation, as well as meet other high-ranking Vietnamese leaders.

He will also meet the Singaporeanbusiness community operating in Vietnam and attend the opening of a BusinessCentre in Ho Chi Minh City by Mapletree – a leading real estate development,investment and capital management company headquartered in Singapore.

Minh commented that the two nationshave seen important progresses in their ties. Following the 50th anniversary of Independence (August 9, 2015), the Singaporean government pressedon with mapping out a strategy on how to write another success story for thenext 50 years.

In such context, the island state hascome up with a number of measures to further step up investment as well asexpand its business presence abroad, he said.

According to him, Singaporeanscholars and economists forecast that the Vietnamese economy would progressstrongly in the region in the near future. Therefore, PM Lee’s visit is crucialto lay a foundation to further reinforcing bilateral links.

Over the past years, Singapore’s businessventures in Vietnam have been successful, notably the Vietnam-SingaporeIndustrial Park (VSIP) available in cities and provinces from the north to thesouth.-VNA 
VNA

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