|Prime Minister Nguyen Xuan Phuc (R) and Singaporean Prime Minister Lee Hsien Loong
The Vietnamese Government leader spoke highly of Lee’s attendance at the WEF ASEAN, saying that it is vivid illustration for Singapore’s role and responsibility as the chair of ASEAN 2018.
PM Phuc lauded Singapore’s achievements in economy and science-technology, hoping that Singapore will help Vietnam grasp opportunities brought by the fourth industrial revolution, apply digital technology in governance and urbanisation process, transfer technologies, and develop software park and startup centres.
Lee, for his part, welcomed the participation of Hanoi, Da Nang, and Ho Chi Minh City in the ASEAN Smart Cities Network to optimise their potential and advantages to become leading urban area in the region.
The two Prime Ministers laid stress on the close relations between the two countries, saying that regular meetings of leaders from both sides have contributed to developing the strategic partnership in a stable, practical and effective manner.
They agreed to continue support for the business communities of both sides to expand investment and business in each other’s country, join hands to build transparent and stable policy frame, as well as timely remove obstacles for businesses, with the goal of raising two-way trade and investments.
Regarding regional and international issues, the two government leaders pledged to maintain close cooperation and coordination within the ASEAN to concretise the spirit of resilience and innovation. Also, they will work to promote consensus and solidarity among ASEAN and the bloc’s central role, and uphold the bloc’s principles in key issues related to peace, security and stability in the region, including the East Sea issue.
They were unanimous in accelerating trade liberalisation and regional economic linkages, and coordinating with other countries to early complete the negotiations on the Regional Comprehensive Economic Partnership (RCEP).