Party chief: Vietnam strives to win investor trust
Vietnam is expanding its relations with international and regional organizations and forums in an effort to gain investor trust, says Party General Secretary Nguyen Phu Trong.
- Vietnam, Singapore to set up strategic partnership
Mr Trong, who is visiting Singapore, made the statement while meeting with the Singapore Business Federation on September 14.
He briefed the host on the results of his earlier talks with Singaporean leaders, during which numerous agreements on economic, trade and investment cooperation were reached.
He also presented Vietnam’s policies of socio-economic development until 2020, which focuses on three breakthroughs: institutional completion, human resources and infrastructure development.
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The Party Chief expressed his belief that the positive results in economic cooperation and political trust, especially the strategic partnership which is expected to be established in 2013, will promote the economic trade and investment development of both Vietnam and Singapore.
Singaporean entrepreneurs said there is huge potential for bilateral cooperation in agriculture, seafood processing, logistics, finance and overall planning.
They expressed hope to boost cooperation and expand their operations in Vietnam.
During the meeting, both sides also discussed investment opportunities and measures to facilitate the two countries’ investment.
In recent years, Singapore has expanded its investment to various fields in Vietnam. The Vietnam – Singapore Connectivity Framework Agreement has created favourable conditions for their economic ties.
Singaporean businesses are now operating more than 1,000 projects in Vietnam with a total capital of US$23 billion.