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Jul 20, 2016 / 20:33

Singapore suggested to promote VSIP model in Vietnam

Deputy Prime Minister Pham Binh Minh suggested Singapore to promote the Viet Nam-Singapore Industrial Park (VSIP) model that has been very successful in Vietnam, continue to encourage Singaporean businesses to invest in Vietnam, especially high-tech industries, aviation, infrastructure and harbor.

 
Deputy Prime Minister and Foreign Minister Pham Binh Minh and Singaporean Senior Minister of State at the Prime Minister’s Office Josephine Teo
Deputy Prime Minister and Foreign Minister Pham Binh Minh and Singaporean Senior Minister of State at the Prime Minister’s Office Josephine Teo

On July 19 afternoon, at the office of the Ministry of Foreign Affairs, member of the Politburo, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh hosted Senior Minister of State at the Prime Minister’s Office, the Ministry of Foreign Affairs and the Ministry of Transport of Singapore Josephine Teo, who is on a working visit to Vietnam.

At the meeting, Deputy Prime Minister Pham Binh Minh welcomed Mrs. Josephine Teo to Vietnam, expressed his pleasure at the development of a dynamic, efficient, reliable, strategic partnership relation between Vietnam and Singapore in the past time.

Deputy Prime Minister and Foreign Minister Pham Binh Minh suggested that Singapore should make it easier for the entry of more Vietnamese goods, such as farm products, farmed fish, apparels, and footwear. Deputy PM Minh said he is delighted with the dynamic, efficient and trustworthy development of the two countries’ strategic partnership over recent years.

He repeated Prime Minister Nguyen Xuan Phuc’s invitation to Singaporean Prime Minister Lee Hsien Loong to attend the 20th founding anniversary of the Vietnam-Singapore Industrial Park (VSIP) in southern Binh Duong province in this September. 

He also recommended the ASEAN member country to continue developing the VSIP model as it proved a success here and encourage investments into hi-tech, aviation, infrastructure and seaport in Vietnam. 

The host suggested both countries maintain mutual support at multilateral forums for the sake of their people and the entire Southeast Asian region.

Speaking highly of the practical contributions Singapore has made as the coordinating country of the ASEAN-China relations in 2015-2018, he affirmed that Vietnam will work together with Singapore and other ASEAN member states in preserving the bloc’s unity and centrality in regional issues. 

Senior Minister of State Josephine Teo thanked the Deputy PM for his comments on the two countries’ cooperation. She noted that Singapore has benefits in developing and deepening the strategic partnership with Vietnam and pledged to do more to step up the partnership in a more reliable,
dependable, substantive and effective manner.

The Singaporean official affirmed that her country always supports cooperation projects between two nations. She hoped that Singaporean enterprises will be well-informed about Vietnam’s urban projects and Vietnam authority will adopt favourable policies for Singaporean investors.