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VN keen to learn from Singapore

Update: November, 07/2013 - 10:10
Deputy PM Vu Van Ninh meets with Grace Fu, Minister at the Prime Minister's Office, Second Minister for Environment and Water Resources, and Second Minister for Foreign Affairs, in Singapore yesterday.— VNS Photo Kim Yen

SINGAPORE (VNS)  — Deputy PM Vu Van Ninh has expressed the wish that Singapore will share its first-hand experience with Viet Nam in long-term planning, policy-making and management regarding land issues so as to meet future needs in the country's development cause.

The Deputy PM made the request during a working session with Grace Fu, Minister at the Prime Minister's Office, Second Minister for Environment and Water Resources, and Second Minister for Foreign Affairs, in Singapore yesterday.

He also suggested that Singapore invest in developing Phu Quoc island, turning it into a model economic area in Viet Nam.

Grace Fu said Singapore stood ready to share its experiences with Viet Nam on how to better attract, plan and manage foreign investment, as well as in developing trade.

She cited an example of Singapore's economic development agency, which provides domestic and foreign investors with all necessary information while assisting domestic companies in investing overseas.

Both sides agreed that the model of a Viet Nam–Singapore Industrial Park (VSIP) in Viet Nam was a success, which should be multiplied in other provinces and cities besides the five existing facilities.

The two sides shared the view that the elevation of bilateral ties to a strategic partnership in September this year would lay the foundation for further boosting co-operation between the two countries in the time ahead.

Ninh said Viet Nam was actively carrying out the content of co-operation outlined during recent visits by the two countries' leaders as well as in the strategic partnership, and asked Singapore to work closely with Viet Nam in this process.

The two officials compared notes on the two countries' global economic integration, including experiences in negotiating free trade agreements and the Trans-Pacific Partnership deal, agreeing that membership in regional and global economic institutions would bring long-term benefits.

Both host and guest affirmed that the two countries would work closely together during the TPP negotiations.

Ninh is in Singapore for a visit from November 5-8 at the invitation of Minister for Foreign Affairs and Minister for Law K Shanmugam under the S R Nathan Fellowship.

Also yesterday, the Deputy PM held working sessions with the Monetary Authority of Singapore and Temasek Holdings, during which they discussed the management of State assets and the making of monetary and banking policies.

The S R Nathan Fellowship is a high-level programme through which foreign leaders, prominent personalities and opinion-shapers are invited to Singapore to exchange ideas and experiences on current and long-term challenges with Singapore leaders and senior government officials.

The Fellowship was launched by Minister Shanmugam and former President S R Nathan in November 2012. — VNS

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