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PM calls for larger Singaporean investment flow

VNA - Prime Minister Nguyen Tan Dung has urged Singapore to encourage its businesses to increase investments in Vietnam and facilitate the flow of Vietnamese exports to the island country.

Receiving Singaporean Minister Mentor Lee Kuan Yew in Hanoi on April 15, PM Dung applauded Singapore’s retaining of its position as one of the leading trade and investment partners of Vietnam.

The government leader spoke highly of valuable contributions and special sentiments Lee has extended towards Vietnam as well as the development of the friendship and comprehensive cooperation between the two nations.

PM Dung briefed his guest about Vietnam’s socio-economic development and a number of major solutions the Vietnamese Government has taken to weather economic challenges and maintain growth.

Lee, who is on a five-day visit to Vietnam beginning April 13, praised the country’s recent socio-economic achievements, expressing his belief that, with its efforts and resolve, Vietnam will successfully overcome adverse impacts of the global financial crisis to maintain stability and growth.

The minister shared his government’s experiences and measures to tackle the ongoing economic slowdown and prepare for post-crisis development.

Both host and guest noted with pleasure the rapid progress in friendly and cooperative ties between Vietnam and Singapore, particularly in the fields of politics, economy, trade, investment, education and training, tourism, finance and transport.

The two leaders said they were delighted at the deployment of the agreement regarding Vietnam-Singapore linkages, and highly appreciated the efficient operation of the two Vietnam-Singapore Industrial Parks in southern Binh Duong province, as well as the application of this model in northern Bac Ninh province and Hai Phong port city.

PM Dung and Minister Lee agreed to maintain close cooperation between Vietnam and Singapore at regional and international forums, including the Association of Southeast Asian Nations (ASEAN), the Asia-Pacific Economic Cooperation (APEC) Forum and the United Nations (UN)./.

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