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NA Chairwoman hails Singaporean firms' cooperation initiatives

Released at: 19:41, 27/11/2017

NA Chairwoman hails Singaporean firms' cooperation initiatives

NA Chairwoman Nguyen Thi Kim Ngan arrived in Singapore on Nov. 26 (Photo: VNA)

Ms. Nguyen Thi Kim Ngan visiting Singapore and Australia from November 26 to December 2.

by Long Van

At a meeting on November 27 with representatives of Singaporean enterprises investing in Vietnam, as part of her official visit to Singapore that started on November 26, National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan applauded their initiatives in boosting cooperation with Vietnam in the fields of urban upgrades, infrastructure, education, resorts, airport links, and agriculture, the Vietnam News Agency reports.

Singapore is always an important partner of Vietnam, she told the gathering, adding that the country is currently Vietnam’s ninth-largest trade partner and third-largest foreign investor.

She said domestic and foreign enterprises are billed as the driving force of Vietnam’s economic growth, improvements to its national competitiveness, and the renovation of its growth model.

As Vietnam and Singapore still hold huge potential for further cooperation, the NA pledges to introduce preferential policies for foreign investors, including those from Singapore.

The legislature will ask the Prime Minister to direct ministries, sectors, and localities to tackle petitions lodged by Singaporean enterprises, thereby helping promote trade and business cooperation between the two countries, she said.

Since the establishment of diplomatic ties on August 1, 1973, the friendship and comprehensive cooperation between Vietnam and Singapore have progressed effectively on the pillars of politics, economy, national defense and security, education, law, healthcare, culture, arts and sports, and cooperation at regional and international forums. 

As at September, Singapore was Vietnam’s third-largest foreign investor among 126 countries and territories, with over 1,917 projects worth more than $41.5 billion. 

Vietnam, meanwhile, has poured some $241 million into 65 projects in the island state, placing Singapore in 12th place out of 68 countries and territories receiving Vietnamese investment in oil and gas, mining, information technology, and services. 

Over recent years, the Vietnamese and Singaporean legislatures have maintained exchanges of visits by high-ranking parliamentary leaders and officials. Apart from discussing law-building and legal supervision, they have contributed to promoting bilateral trade and investment. 

This is the first visit to Singapore by the top Vietnamese legislator in 14 years, since NA Chairman Nguyen Van An paid a visit in 2003.

After Singapore, Ms. Ngan will visit Australia.

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