Tuesday, December 11 2018


Singapore investment, defence ties praised

Update: June, 03/2013 - 09:45
Prime Minister Nguyen Tan Dung (L) on Saturday took the opportunity to meet with managers of large corporations who have invested in Viet Nam.—VNA/VNS Photo
HA NOI (VNS)— During his trip to Singapore to attend the 12th Shangri La Dialogue, Prime Minister Nguyen Tan Dung on Saturday took the opportunity to meet with managers of large corporations who have invested in Viet Nam.

Ministers of the Singaporean Government, leaders of the International Enterprise Singapore and Singapore Business Federation, representatives from the Singaporean Ministry of Trade and Industry and representatives of many large Singaporean corporations such as the United Overseas Bank, CapitaLand and Keppel Land were present at the meeting.

Dung affirmed the Vietnamese Government's commitment to enforcing transparent and consistent policies and creating favourable conditions to make Viet Nam an attractive investment destination.

Dung said he highly valued the business and investment activities conducted by Singaporean corporations in Viet Nam.

He said these activities had not only been successful, but also served as management models, citing the Vietnam-Singapore Industrial Park and the Singaporean Urban Industrial Area as examples.

Dung said that Singapore remained one of the leading investors in Viet Nam, and the connectivity between Vietnamese and Singaporean economies was becoming more and more effective.

He added that the two sides had also been co-operating well in the negotiation process for the Trans-Pacific Strategic Economic Partnership.

During the meeting, Dung also responded to concerns voiced by Singaporean corporations regarding Viet Nam's economic restructure, especially in the fields of banking and finance, the investment environment and business opportunities, as well as Viet Nam's policies for international investors and solutions for difficulties faced in the investment process.

The corporations expressed their pleasure for the economic, commercial and investment developments between the two countries, as well as the business opportunities available in Viet Nam.

They said they would continue to invest more in other projects in Viet Nam with a focus on high technology.

Defence co-operation

Deputy Defence Minister Sen. Lieut. Gen Nguyen Chi Vinh has underscored the need to promote defence co-operation for a collective strength to cope with common challenges.

While delivering a speech at the 12th Shangri-La Dialogue in Singapore , Vinh considered the enhancement of defence links as one of the key measures to maintaining peace, stability and development to meet the aspirations of nearly four billion in the region.

He pointed out that the co-operation in Asia-Pacific was taking place more vigorously than any other region in the world, and had expanded multilaterally.

"Thanks to this trend, we have made massive progress in confidence building and preventive diplomacy, which are key to reducing the risks of conflicts and has contributed to the maintenance of peace and stability in Asia-Pacific for more than three decades," he said.

ASEAN nations had gained common sense, strong determination, collective efforts and effective co-operation, he noted.

ASEAN did not limit itself to defence co-operation within ASEAN, but had also adopted initiatives for a new, open and inclusive security structure, the ADMM Plus.

ASEAN was also proactively taking part in co-operation within the framework of the ASEAN Regional Forum (ARF) and Shangri-La Dialogue.

Deputy Defence Minister Vinh called on all countries to continue building confidence, saying the best way of building confidence was action.

"In the process of co-operation, we need to hear public opinion, make decisions on the principles of international laws and legitimate benefits of all parties, show equality and respect for mutual benefits and the common benefits of the region. In doing so, we will be able to avoid sectorial differences and unilateralism in dealing with regional and international issues," he noted.

As co-chairman of the ADMM Plus Experts Working Groups on Humanitarian Assistance and Disaster Relief with China, Viet Nam is sending military personnel to join field exercises on Humanitarian Assistance, Disaster Relief and Military Medicine in Brunei this month.

This is the first time the ADMM Plus will have carried out coordination in field actions and the first time Viet Nam has sent troops overseas to take part in multilateral activities.

In addition to these areas of co-operation, Viet Nam has just proposed a new initiative for the establishment of a Humanitarian Mine Action Group, which was adopted at the 7th ADMM in Brunei in May.

The Vietnamese official reiterated the request for further cooperation among the Navies, Maritime Police and Border Guards, and for the establishment of the hotline between ASEAN Defence Ministers.

He suggested the ASEAN Ministers of Defence consider signing a no-first-use-of-force agreement in order to consolidate mutual trust among ASEAN countries, saying the experience gained from this would be eventually expanded to all nations in the Asia-Pacific region.

The country had proactively proposed solutions to the East Sea dispute and agreed to fully implement the Declaration on the Conduct of the Parties in the East Sea (DOC) and supported the formulation of the Codes of Conduct (COC) between ASEAN countries and China.


At the same time, Viet Nam was willing to co-operate with all parties concerned to seek a basic and long-term solution to the issues in the East Sea on the principles of international laws, especially the UN 1982 Convention on the Laws of the Sea, he said.

The gradual modernisation of Viet Nam's army would not only serve legitimate self-defence rights, but also enhance the capabilities to overcome the consequences of wars, deal with non-traditional security issues and take part in production activities, contributing to national construction, he stressed.

As a coastal country, Viet Nam realised its responsibility for ensuring maritime security in the region, he said.

Over the past years, Vietnamese forces have rescued numerous fishermen from accidents at sea, a great number of whom were foreigners.

In November 2012, the Viet Nam' Marine Police arrested 11 armed pirates in the East Sea, which reaffirmed Viet Nam's determination and responsibility to maintain freedom, security and safety in international waters lines within the continental shelf and the Economic Exclusive Zone of Viet Nam in line with the UN Convention on the Laws of the Sea, contributing to peace, stability and development in the region.

The Deputy Defence Minister called on all those concerned in the East Sea to respect and protect fishermen and avoid the use force against them, including military and non-military means.

Inhumane actions against fishermen were unacceptable, he affirmed, noting these were the common norms of international laws and the moral codes of the present day world.

Vinh had bilateral meetings on Saturday with the Defence Ministers of Malaysia, New Zealand and Australia; the Deputy Defence Ministers of Singapore, Brunei, Russia and the Republic of Korea, the US Pacific Commander and the Vice Chief of the General Staff of the Chinese People's Liberation Army. — VNS

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