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PM to visit Singapore, Brunei this week

The Saigon Times

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HCMC – Prime Minister Pham Minh Chinh will start his official visit to Singapore and Brunei on February 8 at the invitation of his Singaporean counterpart Lee Hsien Loong, and the Sultan of Brunei Hassanal Bolkiah.

A delegation of high-ranking officials will accompany the Vietnamese prime minister during his four-day visit, the local media reported.

This will be his first official visit to Singapore and Brunei since he took office.

His visit will also mark the 50th anniversary of diplomatic ties between Vietnam and Singapore.

Singapore is one of Vietnam’s largest trade partners. Bilateral trade between the two countries in 2022 totaled US$9 billion, up 10.1% against 2021.

Singapore is Vietnam’s biggest investor in Southeast Asia and ranks second among 141 countries and territories investing in Vietnam.

Singaporean firms are now involved in over 3,000 operational projects with total pledged capital of US$70.4 billion in Vietnam.

As of early December 2022, Vietnamese investors were involved in 140 operational projects in Singapore, with total registered capital of over US$586 million.

As for Brunei, his official visit will help deepen the multifaceted cooperation between the two countries. The two countries will boost the partnership in the agro-forestry-fishery, Halal food, construction and infrastructure fields.

Among 141 countries and territories investing in Vietnam, Brunei ranks 26th, with total registered capital at US$971 million.

In 2022, two-way trade between Vietnam and Brunei amounted to US$725.8 million, rocketing 134% year-on-year.

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