Two sides agree to foster ties in a host of fields during visit.
Vietnam and Singapore agreed to foster their affiliation in different fields such as defense, security, education, tourism, culture, and people-to-people exchanges during the visit by State President Tran Dai Quang to the country.
During his meeting with Singaporean President Tony Tan Keng Yam on August 29, President Quang affirmed the country’s consistent policy of treasuring and fostering the Strategic Partnership with Singapore to make the ties more trustworthy and effective.
He also met with Singaporean Prime Minister Lee Hsien Loong on August 29, who expressed his delight at the growing Singapore-Vietnam Strategic Partnership, especially in trade and investment, according to the Vietnam News Agency (VNA).
President Quang thanked Singapore for its support in State personnel training in Vietnam. He shared Prime Minister Lee’s idea to further expand bilateral ties in the future for the benefit of both peoples and for peace, stability and prosperity in the region and the world.
The two leaders agreed to speed up the effective implementation of the Vietnam-Singapore Connectivity Framework Agreement, agreeing on an increase to the partnership regarding defense, security, education, tourism and culture.
Two-way trade between Vietnam and Singapore has grown 12 per cent annually over the last three years, reaching $9.3 billion in 2015, according to official figures.
Singapore is now Vietnam’s third-largest investor, just behind Japan and South Korea, with total investment at $38 billion in 1,600 projects.
It has prioritized its investments in Vietnam in manufacturing, processing and real estate and suggested Vietnam seek ways to attract more Singaporean investments in other fields while enhancing bilateral collaboration in politics, security, national defense, culture, and sports, according to the Embassy of Vietnam in Singapore.
President Quang and Prime Minister Lee also discussed regional and international issues, agreeing to continue their close coordination and mutual support at regional and world forums, especially within the framework of ASEAN and the UN, while working closely to strengthen the group’s unity and maintain its central role in the regional security architecture.
They highlighted ASEAN’s common stance on dealing with disputes in the region, stressing the need to maintain peace, stability and maritime security and safety in the East Sea, according to VNA.
They agreed on the settlement of disputes in the East Sea through peaceful measures as well as a willingness to work with parties for the full and effective implementation the Declaration on the Conduct of Parties (DOC) in the East Sea as well as the early formation of a Code of Conduct (COC) in the East Sea to preserve peace, stability, cooperation and development in the region and the world.