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PM’s Singapore visit brings about substantive results to both sides: expert

Prime Minister Pham Minh Chinh’s official visit to Singapore from February 8-10 has contributed to promoting bilateral relations, particularly economic cooperation, Dr. Pham Duc Minh from the Singaporean Government’s Agency for Science, Technology and Research has said, given the complicated developments of the world situation.
PM’s Singapore visit brings about substantive results to both sides: expert ảnh 1Prime Minister Pham Minh Chinh (L) and his Singaporean counterpart Lee Hsien Loong. (Photo: VNA)
Singapore (VNA) – Prime Minister Pham Minh Chinh’s official visitto Singapore from February 8-10 has contributed to promoting bilateralrelations, particularly economic cooperation, Dr. Pham Duc Minh from theSingaporean Government’s Agency for Science, Technology and Research has said,given the complicated developments of the world situation.

Minh assessed that the visit has produced substantiveoutcomes, including creating an impetus for development in digital economyand green economy - which will be the two spearhead industries of theVietnamese economy in the coming time.

With the memoranda of understanding on cooperation signedbetween the two countries, it will be easier for corporations and companies in Vietnam to access investment and financial resources of Singaporean investment fundsand those based in the country, he said, adding that the cooperation also helpsVietnam to access Singapore's latest technologies.

According to him, the Vietnamese Government’s approval of investment in the Vietnam-SingaporeIndustrial Park Nghe An II will give a boost for the development of industrialparks in Vietnam in the context of difficulties caused by declines in globalproduction demand in some industries.

Vietnam's favourable geographical position and improving transportinfrastructure have attracted corporations to increase investment and openproduction factories in Vietnam. Therefore, the preparation of infrastructurein industrial zones is very important at this time, he stressed.

That Vietnam and Singapore have reached an importantagreement on digital economy and green economy will pave the way for furthercooperation in trade, investment, science and technology, and Vietnam can worktowards cooperation in areas where Singapore is leading the world or theregion, thus bringing great economic benefits to both sides.

Minh emphasised that the two countries can first cooperate in environmental solutions and clean energy because Singapore is aglobal pioneer in this field.

Digital transformation, including e-government, smartcountry-smart city and smart manufacturing, is also worth receiving moreattention for further cooperation, he said.

To speed up economic growth, Vietnam should focus ondeveloping mechanical engineering, electronics, telecommunications and computer science, andsemiconductor ecosystem in cooperation with Singapore, the expert added./.
       
VNA

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ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ Vietnam, China intensify experience sharing in diplomatic affairs

The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
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