 |
| A textile worker on a production line for export at the Norfold Hatexco Joint-stock Company with investment from Singapore in the Dong Van I Industrial Zone in the northern province of Ha Nam. Prime Minister Nguyen Xuan Phuc pledged all possible support for Singaporean investors to do long-term business in Viet Nam. — VNA/VNS Photo Danh Lam |
HA NOI (Biz Hub) — Viet Nam and Singapore have agreed to work together to seek new directions for co-operation in order to optimise the opportunities and benefits brought about by free trade agreements and the ASEAN Economic Community.
Deputy Prime Minister and Foreign Minister Pham Binh Minh and Singaporean Foreign Minister Vivian Balakrishnan reached the agreement during their talks in Ha Noi yesterday as part of the Singaporean minister's official visit to Viet Nam.
The two officials both pledged to optimise existing cooperation mechanisms, such as the Economic Connectivity Ministerial Meeting, the deputy ministerial-level Defence Policy Dialogue, the deputy ministerial-level Political Consultation and the training programme for Vietnamese law enforcement officers.
The two ministers also signed an agreement on research programmes for senior Vietnamese Party officials for 2017-19.
Host and guest shared the view that economic and trade links remain a bright spot in the bilateral relationship.
Deputy PM Minh celebrated Singapore's role as a leading trade and investment partner for many consecutive years. Two-way trade reached US$9.3 billion in 2015 and Singaporean investment in Viet Nam totaled almost $38 billion as of June 2016.
Minister Balakrishnan affirmed that Singapore wishes to step up its intensive and pragmatic collaboration with Viet Nam across fields for the sake of the two countries' people, as well as for peace, stability and prosperity in the region.
The minister expressed delight in seeing the Vietnam-Singapore Industrial Park (VSIP) grow into a symbol of economic co-operation between the two countries through its 20 years of operation in Viet Nam.
He emphasised Singaporean investors' commitments to Viet Nam and their confidence in the country's economic stability and development.
The two sides also appreciated the results-oriented partnership between the two countries in national defence and security, including areas in anti-terrorism, cyber and maritime security, and submarine rescue operations.
Singapore pledged to help Vietnamese law enforcement forces improve their capacity in combating crime, particularly terrorist and high-tech attacks.
Balakrishnan promised to encourage Singapore's famously competent agencies to work with the Vietnamese side on a labour co-operation agreement.
The two officials also compared notes on regional and international issues of shared concern, pledging to continue the two countries' coordination and mutual support at regional and global forums, especially ASEAN and the UN.
Deputy PM Minh appreciated Singapore's consistent stance on the East Sea issue as well as the country's role and tangible contributions as the coordinator for ASEAN-China relations for 2015-18.
They affirmed ASEAN's common stance on the settlement of disputes in the East Sea and committed to maintaining and promoting peace, security, stability, safety and freedom of maritime and aviation in the sea.
PM offers support
Yesterday, Prime Minister Nguyen Xuan Phuc pledged all possible support for Singaporean investors to do long-term business in Viet Nam during a meeting with Minister Balakrishnan in Ha Noi yesterday.
The PM suggested increasing ties in other areas, especially in education and people-to-people exchange. He asked the Singaporean side to open more industrial parks in Da Nang, Ninh Binh, and soon inaugurate the 8th Vietnam-Singapore Industrial Park in the southern province of Binh Duong and a food processing facility in the central province of Thanh Hoa.
The two sides should promote the orientating role of the Economic Connectivity Ministerial Meeting mechanism in advising the governments on related policies, PM Phuc said, adding that the mechanism should also serve as a bridge to the business communities of both countries to access each other's market.
PM Phuc took note of the Singaporean FM's proposal regarding air transport and promised to direct agencies concerned to consider and provide an early response.
Balakrishnan suggested increasing the frequency of flights connecting Singapore with Ha Noi, HCM City and Da Nang, adding that Singapore is ready to welcome more Vietnamese students to the country. — VNS