President Tran Dai Quang arrived in Singapore on August 28 afternoon to begin his three-day State visit at the invitation of President Tony Tan Keng Yam.
The visit aims to continuously implement Vietnam ’s diplomatic policy set at the 12th National Congress of the Communist Party of Vietnam and deepen international relations, including the strategic partnership with Singapore .
Latter the day, President Quang had a meeting with staff of the Vietnamese Embassy in Singapore and representatives from the overseas Vietnamese community. He underlined the Party and State’s measures to maintain macro economic stability, promote growth and accelerate administrative procedures as well as increase national competitiveness, improve climate change adaptation, and ensure social welfare.
He said the country aims to record an average GDP growth of 6.5-7 percent in 2020.
The President expressed his pleasure at the growing strategic partnership between Vietnam and Singapore .
He highlighted the two countries as dynamic economies in Asia-Pacific with two-way trade surpassing 9 billion USD in 2015.
Singapore now ranks third and eighth among ASEAN and global trade partners of Vietnam , respectively. Bilateral trade has risen sharply in recent years, hitting 16.22 billion USD in 2015.
Singapore has 1,643 valid investment projects with a total registered capital of over 37.9 billion USD in Vietnam at present, placing it in the third position out of the 116 countries and territories investing in the latter.
The Vietnam-Singapore industrial parks (VSIP) in Vietnam’s Binh Duong, Bac Ninh and Quang Ngai provinces and Hai Phong city have operated effectively and considered a symbol of bilateral cooperation./.