Singapore's Prime Minister Lee on four-day visit to Vietnam

By Huu Cong   March 21, 2017 | 09:37 pm GMT+7
Singapore's Prime Minister Lee on four-day visit to Vietnam
Singapore's Prime Minister Lee Hsieng Loong (L) meets with Ho Chi Minh City's Chairman Nguyen Thanh Phong at the Reunification Palace in Ho Chi Minh City on March 21, 2017. Photo by VnExpress/Quynh Tran

Singapore is Vietnam's second largest foreign investor, with registered investment of $1.6 billion in 2016.

Singaporean Prime Minister Lee Hsien Loong started an official four-day visit to Vietnam on Tuesday.

Lee first visited Ho Chi Minh City, where he met with the city’s People's Committee Chairman Nguyen Thanh Phong. During their meeting, Phong urged Singapore to help Vietnam develop clean industrial food processing zones, operate future metro lines and support human resources training. Singapore is the city's top foreign investor, with investments of $10.2 billion, largely in the real estate sector.

Singapore is also Vietnam's second-largest foreign investor, with registered investment of $1.6 billion in 2016. Bilateral trade between the two countries stood at $19.8 billion last year.

Relations between the two countries were upgraded to a strategic partnership in 2013, opening up new avenues of cooperation in areas such as defense, education and finance. The strategic partnership agreement was concluded during PM Lee's last official visit to Vietnam in September 2013.

On Wednesday afternoon, PM Lee will leave for Hanoi, where he will meet Party General Secretary Nguyen Phu Trong, President Tran Dai Quang, Prime Minister Nguyen Xuan Phuc and National Assembly Chairwoman Nguyen Thi Kim Ngan.

PM Lee will finish his trip with a visit to the central city of Da Nang.

On this second visit, PM Lee is accompanied by his wife and senior officials from the Prime Minister's Office and the Ministry of Foreign Affairs.

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Singapore’s CapitaLand to invest $500 million in commercial property in Vietnam: report

 
 
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