Vietnam always welcomes and creates favorable conditions for Singaporean investors to do business in the country, Prime Minister Nguyen Tan Dung has said. The Vietnamese government chief made the statement while attending a meeting with a number of leading Singaporean businesses on Sunday, part of his visit to Singapore to attend the 50th National Day Parade of the city-state. His one-day visit was made at the invitation of President Tony Tan Keng Yam and Prime Minister Lee Hsien Loong. PM Dung told the meeting that Vietnam will continue assisting Singaporean entrepreneurs in seeking trade and investment opportunities and in doing business in the long run in Vietnam. The Vietnam-Singapore strategic partnership has vigorously developed in recent times in various fields, including economic affairs, trade and investment, but there is still ample room for further cooperation, he said. The Vietnamese leader said he welcomed and highly appreciated the aspiration of Singaporean investors who wish to invest in such fields as logistics, real estate, hospitality, sea transport, and industrial park development in Vietnam. Investment by Singaporean businesses in Vietnam has increased continuously in recent years, the Vietnamese premier said, adding that Singaporean investors are running more than 1,400 projects worth a combined US$33 billion in the country.
Trade relations between Vietnam and Singapore have also grown strongly, with two-way trade topping $10 billion last year, PM Dung said. Representatives of the Singaporean businesses at the meeting highly appreciated the attendance of PM Dung, considering the event a “golden opportunity” for local entrepreneurs to get useful information on the business environment in Vietnam as well as put forward their proposals that aim to boost Singapore’s investment in the country. PM Dung and his wife returned to Hanoi on Sunday evening.