Vietnam pledges support for Singaporean investments: PM

Monday, 2019-07-15 17:52:49
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At the event (Photo: TRAN HAI)
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NDO/VNA – The Vietnamese Government is willing to listen to opinions from Singaporean businesses and wishes they would do long-term business in the country, Prime Minister Nguyen Xuan Phuc has said.

Receiving a delegation of 36 Singaporean businesses in Hanoi on July 15, PM Phuc spoke highly of Singaporean firms’ business in Vietnam during January-June despite the global economy’s turbulences.

The Vietnamese Government has made efforts to keep political and macro-economic stability, create transparent legal institutions in accordance with international commitments and laws, he said.

He laid stress on the country’s push for regional and international integration with the formation of various economic and trade cooperation frameworks like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam has consistently pursued an economic integration policy with the focus placed on international economic integration, which means Singaporean enterprises will have opportunities to reach a large number of markets that Vietnam has set up partnership with, he highlighted.

He took the occasion to thank the Singapore Business Federation (SBF) and the Enterprise Singapore (ESG) for organising the Vietnam-Singapore Business Forum in April, helping develop bilateral economic cooperation into a more practical manner.