HCMC – The Consulate General of Singapore in HCMC held a ceremony on August 16 to celebrate the 58th National Day of Singapore and the 50th anniversary of the establishment of Vietnam-Singapore diplomatic relations.
This activity also marked the 10th anniversary of the establishment of a strategic partnership between the two countries.
Speaking at the event, Singaporean Consul General Roy Kho praised considerable achievements in bilateral cooperation over the years. He noted that Vietnam and Singapore have eyed opportunities for stronger collaboration between the two countries in the upcoming decades.
In 2022, Singapore poured US$6.46 billion into Vietnam, remaining the largest foreign investor of Vietnam for the third consecutive year.
Meanwhile, the Vietnam Singapore Industrial Parks (VSIP), a symbol of bilateral ties, are now home to 880 companies from 30 countries and territories, bringing a total investment of US$15 billion and creating 280,000 jobs in Vietnam.
According to Consul General Kho, the number showed the growing confidence of Singaporean enterprises in the Vietnamese market.
He urged the two nations to strengthen cooperation efforts in aspects such as digital economy, infrastructure, and sustainable development. The joint initiatives in agricultural trade, digital commerce, and renewable energy may lay a solid foundation for advanced collaboration between Vietnam and Singapore, he added.
Speaking at the event, HCMC Chairman Phan Van Mai said the remarkable economic achievements in Vietnam-Singapore relations stand as a testimony to bilateral cooperation.
He stated that based on the robust ties of the two countries, the bond between HCMC and Singapore has seen positive results in a range of sectors, including trade, investment, education and training, and people-to-people exchanges.
According to Mai, the combination of Singapore’s expertise, technology, and capital, with HCMC’s market, workforce, and resources, will serve as an impetus for the growth of existing cooperation programs.