VSIPs – a symbol of Vietnam-Singapore economic cooperation
Vietnam-Singapore Industrial Parks (VSIPs) which have sprouted throughout the nation are a reflection of the fruitful bilateral economic relations between the two nations and the strong support of the countries’ leaders.
This affirmation was made by Singapore Second Minister for Foreign Affairs Grace Fu at a Singaporean Parliament on July 9.
Minister Fu was asked a question by member of parliament R Dhinakaran about solutions taken by the Vietnamese Government to support Singaporean firms operating in VSIPs in Binh Duong and Quang Ngai provinces following recent social disturbances.
In response Fu said that most businesses have resumed normal operations, adding that the Vietnamese Government has taken numerous measures to stabilize the situation in the disturbance-affected industrial zones.
Minister Fu emphasized that the Vietnamese Government has also pledged to conduct a full investigations and intensify necessary measures to deal with law-breakers and extremists.
Fu assured Singapore Parliament members the two governments are closely cooperating to protect Singaporean investors’ interests in Vietnam.