President Nguyen Xuan Phuc (R) meets with Singaporean Prime Minister Lee Hsien Loong in the city state on February 25 (Photo: VNA)
– Vietnamese President Nguyen Xuan Phuc and Singaporean Prime
Minister Lee Hsien Loong held talks on February 25, agreeing to bolster
cooperation in all fields.
the Vietnamese delegation, PM Lee said the good outcomes of their State visit
to Singapore and the significant cooperation achievements in the recent past
will create a new impulse for the two countries’ strategic partnership.
Phuc affirmed that Vietnam always treasures and highly prioritises the
unceasing reinforcement and development of its strategic partnership with
and guest expressed their delight at the increasingly substantive and effective
partnership in all fields, noting that political and diplomatic cooperation has
become stronger and more fruitful while economic ties are now a bright spot in
adverse impacts of the COVID-19 pandemic, bilateral trade still reached 8.3
billion USD in 2021, up 23.3 percent from the previous year. Singapore now ranks
first among ASEAN countries and second among the 140 countries and territories
investing in Vietnam, with its total registered FDI standing at 66 billion USD.
The Vietnam - Singapore Industrial Park (VSIP) model has become a symbol of successful
cooperation between the two countries.
in other important aspects like defence - security, culture, education,
tourism, and people-to-people exchange have also continued growing well,
according to the leaders.
major orientations for bilateral relations, they agreed to resume all-level mutual
visits and meetings soon; step up security - defence collaboration; effectively
implement bilateral cooperation mechanisms, especially the ministerial meeting
on economic connectivity; and promote the key cooperation areas under the
bilateral Connectivity Framework Agreement, including investment, finance, ICT,
education and training, transport, trade, and services.
Phuc and PM Lee also agreed to expand ties in innovation, digital
transformation, digital economy, and green and sustainable development so as to
elevate the Vietnam -Singapore economic connectivity to a digital-based one. Besides,
the two countries will work together to develop VSIPs into hi-tech, smart, and
environmentally friendly industrial parks, and to capitalise on benefits from
the new-generation free trade agreements to which both are parties such as the
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
and the Regional Comprehensive Economic Partnership (RCEP).
bilateral cooperation in COVID-19 combat, the leaders hailed their countries’ mutual
recognition of each other’s vaccination certificates, which will facilitate
bilateral travel and trading and greatly contribute to each side’ post-pandemic
recovery and development.
with satisfaction their countries’ effective coordination at regional and
international forums, concurring in the continued coordination to help maintain
ASEAN’s solidarity and centrality. Both sides also showed their support for the
bloc’s active role in assisting Myanmar to surmount the current crisis and
promoting the implementation of the Five-Point Consensus reached at the ASEAN
leaders’ meeting in Jakarta, Indonesia, in April 2021.
affirmed the importance of maintaining peace, stability, security, safety, and
freedom of navigation and overflight in the East Sea; not using or threatening
to use force; peacefully solving disputes on the basis of international law,
including the 1982 United Nations Convention on the Law of the Sea (UNCLOS);
fully implementing the Declaration on the Conduct of Parties in the East Sea (DOC);
and negotiating to reach a substantive and effective Code of Conduct (COC) in
the waters that matches international law, including the UNCLOS.
occasion, President Phuc conveyed PM Pham Minh Chinh’s invitation to visit
Vietnam to PM Lee.
the talks, the two leaders witnessed the exchange of five cooperation documents
on defence, economy - trade, intellectual property, digital economy, and
people-to-people ties signed by the countries’ government agencies. The deals
are expected to create an important framework helping strengthen the Vietnam -
Singapore strategic partnership./.