Vietnamese Prime Minister Pham Minh Chinh, his spouse, and a high-ranking Vietnamese delegation will pay official visits to Singapore and Brunei Darussalam from February 8 to 11, the Ministry of Foreign Affairs announced on Sunday.
The visits will be made at the invitations of Singaporean Prime Minister Lee Hsien Loong and Brunei Darussalam Sultan Haji Hassanal Bolkiah, respectively.
This will be PM Chinh’s first visits to these two countries after assuming his prime minister position, and a visit by a Vietnamese prime minister to Singapore after five years and to Brunei Darussalam after 15 years.
The visit to Singapore will be paid on the occasion of the 50th anniversary of the diplomatic relations between the two countries and the 10th anniversary of their strategic partnership.
The two sides had many high-ranking delegation exchange activities last year, including Vietnamese State President Nguyen Xuan Phuc’s visit to Singapore in February and Singaporean President Halimah Yacob’s visit to Vietnam in October.
Singapore is currently an important economic partner of Vietnam.
The bilateral trade between the two countries reached some US$9 billion in 2022, up 10.1 percent over 2021.
Singapore is also Vietnam’s biggest investor in ASEAN and ranks second among the 141 countries and territories worldwide investing in Vietnam.
It has had more than 3,000 projects with total registered capital of nearly $70.4 billion in Vietnam.
Vietnam-Singapore Industrial Park (VSIP) is a symbol of the economic cooperation between the two countries. There have been 12 VSIPs in nine cities and provinces in Vietnam with an occupancy rate of over 83 percent.
These industrial parks have attracted investment totaling $17.6 billion and created nearly 300,000 jobs.
As for Brunei Darussalam, the visit by PM Chinh will be made after the two countries celebrated the 30th anniversary of their diplomatic ties in 2022.
The two countries met the target of reaching the two-way trade value of over $500 million before 2023.
As of October last year, their bilateral trade amounted to $638.5 million, surging 141.1 percent year on year.
Brunei Darussalam currently ranks 26th out of the 141 countries and territories investing in Vietnam with total registered capital of $971 million.
According to the Ministry of Foreign Affairs, in the framework of the visit to Singapore, PM Chinh will hold talks with his counterpart Lee Hsien Loong and witness the signing of some cooperation agreements.
He will also meet with Singaporean President Halimah Yacob, leaders of the Singaporean Parliament, Deputy Prime Minister and Minister of Finance Lawrence Wong, and some other leaders.
In Brunei Darussalam, the Vietnamese government leader will hold talks with Sultan Haji Hassanal Bolkiah, visit some enterprises, and attend a workshop between enterprises of the two countries.