javascript hit counter
Business, Financial News, U.S and International Breaking News

Singapore, Vietnam ink settlement to reinforce interplay between parliamentarians 

HANOI: Singapore and Vietnam have signed a Memorandum of Understanding (MOU) to deepen interactions between parliamentarians from each side, permitting them to search out extra areas of collaboration.

The MOU was signed on Thursday (Might 19) by Singapore Speaker of Parliament Tan Chuan-Jin and his Vietnamese counterpart, chairman of the Nationwide Meeting of Vietnam, Mr Vuong Dinh Hue.

The transfer will “contribute to the strengthening of total relations” between each nations, stated the Workplace of the Clerk of Parliament in a launch on the identical day.

Talking to the media on the finish of his official go to to Vietnam on Friday, Mr Tan famous that each side’ parliamentarians had been already partaking one another.

However the MOU offers a “framework” to extend this and establishes a dedication to creating such interactions occur “in a extra in depth method”, he stated.

“As parliamentarians perceive the problems, I feel they’ll additionally take it again to their constituents, whether or not within the trade or in several sectors. I feel they’ll discover new alternatives to do this.”


Throughout Mr Tan’s three-day go to to Vietnam, he led a delegation of Singapore Members of Parliament in calling on Vietnamese leaders, together with President Xuan Phuc and Prime Minister Pham Minh Chinh. The delegation additionally met with the Normal Secretary of the Communist Social gathering of Vietnam, Mr Nguyen Phu Trong. 

The go to comes forward of a milestone subsequent 12 months: The 50th anniversary of Singapore and Vietnam’s diplomatic ties and the 10th anniversary of their strategic partnership.

Mr Tan famous that ties between the 2 nations are already “remarkably robust”, however they “will solely get stronger and higher within the years to return” with extra collaborative efforts within the pipeline.

On the financial entrance, Mr Tan famous that the Vietnam-Singapore Industrial Parks have “been working very properly”, including that authorities are exploring the potential of creating these in additional provinces.

Singapore was additionally Vietnam’s high supply of international funding in 2020 and 2021, with about US$20 billion in investments.

“(The investments) replicate the extent of confidence our enterprise individuals have in Vietnam. Vietnam is clearly extremely dynamic, (with) very succesful individuals.”

Transferring ahead, Singapore is fascinated with collaborating extra with Vietnam in areas resembling digital transformation and the inexperienced financial system, he stated. As for people-to-people degree, varied initiatives are additionally in progress, he added.

“I assume one of the best years are actually forward of us and we actually look ahead to that.”

This text was initially printed by Learn the unique article right here.

Comments are closed.