Ho Chi Minh City hopes to receive more investment from Singaporean businesses in transport, urban development and anti-flooding, said Chairman of the municipal People’s Committee Nguyen Thanh Phong.
Senior Minister of State Josephine Teo (Source: channelnewsasia.com)
HCM City (VNA) – Ho Chi Minh City hopes to receive more investment from Singaporean businesses in tra🎃nsport, urban development and anti-flooding, said Chair꧋man of the municipal People’s Committee Nguyen Thanh Phong.
He made the remark during a reception in HCM City on July 18 for Josephine Teo, Singaporean Senior Minister of State in charge of Prime Minister’s Office, Ministry of Foreign Affairs and Ministry of Transport.
The city’s leader said the HCM City and Singapore have seen sound flourish economic cooperation in recent years with two-way trade between the two sides reaching 3 billion USD in 2015.
Singapore is the city’s largest foreign investor with over 850 projects worth more than 5 billion USD, he added.
The chairman affirmed that HCM City will create more favourable conditions for foreign investors, including those from Singapore.
Vietnam and Singapore are members of the Trans-Pacific Partnership and the ASEAN Economic Community, which will further boost cooperation between the two countries, especially in the economy, trade, investment and tourism, he said.
For her part, Josephine Teo said Singapore is keen on exchanging and sharing experience in economic development with the city.
She said she is confident that more Singaporean businesses will invest in Vietnam and HCM City in particular.
Singapore is one of the largest trade partners of Vietnam. Bilateral trade between the two countries was 9.3 billion USD last year.-VNA
When the ASEAN Economic Community is established at the year-end, the flow of investments from ASEAN countries into Vietnam and vice versa is expected to further flourish.
Singapore invested in 50 new projects and increased investment capital to 23 existing projects with a total registered capital of over 730 million USD in the first four months of this year.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.
Legislators are due to pass several amended laws, including the Law amending and supplementing several articles of the Law on Economical and Efficient Use of Energy, and the Law amending and supplementing several articles of the Law on Product and Goods Quality.
Vietnamese localities' readiness to implement the two-tier local administration model, the evacuation of 18 Vietnamese citizens from Iran, Petrovietnam's 11th ranking in the 2025 Fortune Southeast Asia 500 are among news highlights on June 17 evening.
Senior Minister of State Josephine Teo (Source: channelnewsasia.com)
