23:38 (GMT +7) - Tuesday 12/12/2017

Vietnam Today

Vietnam & Singapore pledge to strengthen bilateral relationship

Released at: 18:44, 23/03/2017

Vietnam & Singapore pledge to strengthen bilateral relationship

Photo: VGP

PM and visiting Singaporean PM also affirm significance of maintaining peace, stability, security, safety, and maritime and aviation freedom in the East Sea.

by Quoc Uy

During their talks in Hanoi on March 23 following a welcome ceremony hosted by Prime Minster Nguyen Xuan Phuc for visiting Singaporean Prime Minster Lee Hsien Loong, the leaders of the two governments agreed that they need to strengthen strategic trust, boost cooperation in integration, and deepen the strategic partnership as the region confronts new challenges, and that regional and inter-regional economic connectivity is the foundation of promoting the recovery of the global economy.

According to a report from the Government Portal, PM Phuc expressed his belief that PM Lee’s visit will contribute significantly to strengthening the strategic partnership between the two countries in the new circumstances.

PM Lee spoke highly of the outstanding achievements Vietnam has recorded in recent years and agreed to accelerate the bilateral strategic partnership in a more substantive manner.

The two prime ministers agreed to further promote political relations through the regular exchange of high-level delegations of the Party, State, government and National Assembly, adding that people-to-people exchanges will be an important factor in the strong development of other fields.

They highlighted the vigorously growing economic, trade and investment ties as a solid pillar of the bilateral strategic partnership, while affirming their efforts to promote favorable business environments and strengthen connectivity between businesses of the two countries.

Mr. Lee pledged to support Vietnamese enterprises to participate further in the global market and supply chains.

The two sides agreed to continue effectively implementing the Framework Agreement on Vietnam-Singapore Connectivity. Singapore will support Vietnam in developing smart cities, enhancing corporate governance capacity, and improving people’s living standards. It will also share its experience and facilitate Vietnamese startups’ access to capital from investment funds and boost links between major Vietnamese cities, such as Hanoi, Ho Chi Minh City and Da Nang, and Singapore.

The two shared common views about regional peace, stability, security, safety and prosperity, pledging to accelerate bilateral security-defense ties via the exchange of high-level visits and the maintenance of consultative mechanisms as well as bilateral and multilateral activities.

They expressed their concern over increasing terrorism and piracy in the region and agreed to strengthen the sharing of information and experience in the fight against terrorism, maritime security, and transnational crime. PM Lee affirmed his willingness to support Vietnam in building capacity in legal enforcement and anti-crime forces.

The two also discussed measures to enhance cooperation in fields such as the environment, tourism, science and technology, information and communications, and justice. They agreed to facilitate the exchange of labor cooperation agreements, aiming to create a legal framework for the sector.

In addition to bilateral cooperation issues, the two PMs discussed international and regional issues of mutual concern, pledging to facilitate free trade and continue participating in regional initiatives such as the ASEAN Economic Community, the Regional Comprehensive Economic Partnership, and the Free Trade Area of the Asia-Pacific. Both countries will continue working closely with each other as well as with other members in seeking solutions to the issues besetting the TPP. PM Lee affirmed Singapore’s support for Vietnam during APEC Year 2017.

The leaders agreed to maintain consultations and collaborate closely with each other and with other ASEAN nations to build a united, dynamic, and creative ASEAN and to promote the association’s central role in handling strategic issues in the region, particularly the East Sea issue.

Vietnam and Singapore affirmed the significance of maintaining peace, stability, security, safety, and maritime and aviation freedom in the East Sea, peacefully resolving disputes in line with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS), respecting diplomatic and legal processes, refraining from using or threatening to use force, fully implementing the Declaration on the Conduct of Parties in the East Sea (DOC), and quickly finalizing a Code of Conduct (COC) in the East Sea.

PM Phuc appreciated Singapore’s coordinating role in ASEAN-China relations and pledged to continue working closely with the country to promote ASEAN-China ties.

After their talks, the two PMs witnessed the signing of bilateral cooperative documents between ministries, localities, and enterprises from the two countries.

PM Lee and his spouse arrived in Ho Chi Minh City on March 21, beginning a four-day official visit to Vietnam at the invitation of PM Phuc.

During his stopover in Ho Chi Minh City, apart from other activities, he and Deputy Prime Minister Trinh Dinh Dung attended an opening ceremony on March 22 for the Mapletree Business Centre, the first office tower of Mapletree Investments Pte Ltd, a Singapore-owned real estate developer, in Vietnam.

A 17-storey tower with 28,384 sq m of floor space and designed to international Grade A specifications, the Centre has attracted plenty of leasing interest and its tenants include Standard Chartered Bank, Uniben, Far Eastern Polytex, and SCC UK.
 

User comment (0)

Send comment