General Secretary To Lam's first visit to Singapore as General Secretary marks a new step forward in bilateral relations between Vietnam and Singapore.
According to the special correspondent of the Vietnam News Agency, after successfully concluding the State visit to the Republic of Indonesia and the official visit to the ASEAN Secretariat, at exactly 2:17 p.m. on March 11 (local time), the special plane carrying General Secretary To Lam and his wife and the high-ranking Vietnamese delegation arrived at Changi Airport, Singapore, starting an official visit to the Republic of Singapore from March 11-13, at the invitation of the Prime Minister of the Republic of Singapore, Secretary General of the Singapore People's Action Party (PAP) Lawrence Wong.
Embassy staff and representatives of the Vietnamese community in Singapore welcomed General Secretary To Lam and his wife (Photo: Ngoc Khuong/VNA).
Welcoming General Secretary To Lam and his wife along with the high-ranking Vietnamese delegation at Changi Airport, on the Singaporean side were: Singaporean Minister of Manpower Tan See Leng; Singaporean Ambassador Extraordinary and Plenipotentiary to Vietnam Jaya Ratnam; and Director of Protocol, Ministry of Foreign Affairs of Singapore Chia Wei Wen.
On the Vietnamese side, there were: Ambassador Extraordinary and Plenipotentiary of Vietnam to Singapore Tran Phuoc Anh and his wife; along with a large number of officials and staff of the Vietnamese Embassy in Singapore.
This is the first visit of General Secretary To Lam to Singapore as General Secretary, marking a new step forward in the bilateral relations between Vietnam and Singapore; demonstrating the importance of promoting relations with Singapore to a new height, in line with Vietnam's foreign policy and guidelines.
The visit also contributes to further deepening the relationship between the two Parties, creating a solid political foundation for the relationship between the two countries; promoting the potential for cooperation between the two countries in the fields of: Green economy, digital economy, science, technology and innovation, clean energy, financial centers...
Singapore is one of the first ASEAN countries with which Vietnam established a Strategic Partnership in September 2013. After upgrading the relationship to a Strategic Partnership in 2013, the Vietnam - Singapore relationship has increasingly deepened and become effective in all areas.
Along with good political relations, Vietnam - Singapore economic and trade cooperation is one of the bright spots in Southeast Asia.
Since 1996, Singapore has always been one of Vietnam's largest partners. Trade turnover between the two countries has increased every year, reaching 8.3 billion USD in 2021; over 9.16 billion USD in 2022; 9 billion USD in 2023; 8.64 billion USD in the first 10 months of 2024.
In terms of investment, as of October 2024, Singapore maintained its leading position in ASEAN, ranking 2nd out of 148 countries and territories investing in Vietnam (after South Korea), with 3,838 valid projects, total registered capital reaching 81.1 billion USD.
Singapore's investment projects are present in many provinces and cities of Vietnam, focusing on the following areas: processing and manufacturing industry; real estate business; production and distribution of electricity, gas, water, and air conditioning.
Vietnam-Singapore Industrial Parks (VSIP) are symbols of economic cooperation between the two countries. Since the first Vietnam-Singapore Industrial Park (VSIP) was launched in 1996 in Binh Duong, Vietnam is now the country where Singapore has built the most industrial parks in the world with 18 VSIPs in 10 provinces and cities, attracting more than 18 billion USD in investment capital and about 900 projects, creating jobs for more than 300,000 workers.
VSIP zones are truly beacons of economic cooperation between the two countries, not only contributing to promoting industrialization and modernization in Vietnam, but also contributing to the supply chain and economic connectivity in the region.
Source: https://www.baogiaothong.vn/tong-bi-thu-to-lam-va-phu-nhan-bat-dau-tham-chinh-thuc-singapore-192250311165154574.htm
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