PM Dung told his guest, who is visiting Viet Nam to attend the 10th anniversary of the establishment of the Viet Nam-Singapore Industrial Park, that their two countries have enjoyed a high level of multi-faceted cooperation, especially in economics and commerce. Viet Nam has emerged as Singapore's major market for trade and investment in Southeast Asia.
Economically, the two countries have formed a number of mechanisms on bilateral cooperation such as an initiative connecting the two economies in finance, investment, trade-services, transport, telecommunications - information technology, and education and training.
PM Dung described the Viet Nam-Singapore Industrial Park as an ideal site for investors that want to make a profit in Viet Nam by manufacturing products for both domestic use and exports.
Thanks to assistance from the two Governments over the past 10 years, the industrial zone has managed to create a strong partnership among investors, he emphasised.
The industrial zone has so far attracted 234 investors from 24 economies with a combined investment of over 1.2 billion USD. These projects provide jobs for 40,000 local workers.
The Vietnamese Government leader proposed that the two countries should, as soon as possible, ask their relevant ministries to set up taskforces to design a port project in Thi Vai and encourage Singaporean businesses to invest in Viet Nam in energy, insurance and telecommunications.
The two countries should continue to work efficiently on cooperative projects such as the work in the Viet Nam-Singapore Industrial Park over the past 10 years, he concluded.
For his part, Singaporean PM Lee Hsien Loong said Viet Nam has all the right conditions for sustainable economic growth. He cited the national leadership's practical vision, the strengthening of legal mechanisms and the social oneness of mind on reform processes.
All this will make it easy for Singaporean enterprises to find opportunities to open businesses and invest in Viet Nam, thus contributing to increasing prosperity and friendship between the two countries.
PM Lee proposed stronger cooperation in education and training as well as investment./.