Deepening further fine relations and co-operation between Vietnam and Singapore

President Nguyen Minh Triet and his wife started a State visit to  Singapore today at the invitation of Singaporean President Sellapan Ramanathan Nathan.

The first State visit to Singapore by President Nguyen Minh Triet reaffirms that Vietnam’s policy always attaches great importance to comprehensive co-operation with Singapore. This is also in return for Vietnam visit made by Singaporean President S R Nathan in February, 2008, and also helps promote and deepen further the fine co-operation and relations between Vietnam and Singapore, consolidating the close ties between the leaders of the two countries.

The friendly relations and comprehensive co-operation between Vietnam and Singapore have been developing in all fields, including politics, trade, investment, culture, education, tourism and others. Vietnam and Singapore established diplomatic relations in 1973. After Vietnam joined the Bali Treaty in July 1992 and became a full member of the ASEAN in July 1995, the bilateral relations entered a new stage of development. Singapore has attached great its importance to co-operation with Vietnam.

On his working visit to Singapore by Vietnamese Prime Minister Phan Van Khai in March 2004, the two sides signed the “Joint Statement on the Comprehensive Co-operation Framework in the 21st Century”, creating the legal foundation and favourable conditions to further enhance the bilateral friendly relations and multi-faceted co-operation. The fine relations have been marked by high-level visits between the two sides, including the recent Singapore visit by Prime Minister Nguyen Tan Dung in August 2007, Singaporean Prime Minister Lee Hsien Loong’s Vietnam visit to attend the 14th APEC Summit in November 2006 and the Vietnam official visit in February 2008 by Singaporean President S R Nathan.

Singapore is one of the leading trading and investment partners of Vietnam. Singapore’s major projects in Vietnam have brought about fruitful results. Particularly the Vietnam – Singapore Industrial Park in the southern province of Binh Duong has become an exemplary model for investment and co-operation between Vietnam and foreign businesses. In 2008, the two-way trade turnover reached around US $ 12 billion, highest ever with a 23% increase as compared with that in 2007.  

Vietnam has become one of Singapore’s key trade and investment markets in Southeast Asia. The two countries have deployed in an active manner the Framework Agreement on linking the two economies of Vietnam and Singapore signed in December 2005  in six areas, including finance, investment, trade-service, transport, post and telecommunication and information technology, and education and training. The two sides also agreed to consider the ability of expansion to other fields.

The bilateral co-operation in education and culture has been strengthened. As of this year, as many as 7,000 Vietnamese students have studied in Singapore. Thirteen schools and collages of the two countries have been twinned so far and efforts have been made to increase the number to between 15 and 20 in the coming time.

The co-operation in tourism between Vietnam and Singapore has seen great potential. In 2008, Vietnam welcomed 160,000 Singaporean visitors, a 17%  increased as compared with the same period last year. Meanwhile, the number of Vietnamese tourists to the “lion island” country reached 239,000, 17% up in comparison with the same period last year. Being the ASEAN members, Vietnam and Singapore have joined hands to accelerate the establishment of an ASEAN Community by 2015 and the formulation and implementation of ASEAN Charter as well as speeding up bilateral co-operation at forums of ASEM, APEC, the UN and other international forums.

May the State visit to Singapore by President Nguyen Minh Triet be crowned with success, thus deepening further the friendship and multi-faceted co-operation between Vietnam and Singapore for mutual benefit of the two peoples, for peace, stability, co-operation and development in the Southeast Asian region and the world.

Nhan Dan


 

 


Nhan Dan