Prime Minister Nguyen Xuan Phuc and Prime Minister Lee Hsien Loong witnessed the signing of a cooperative agreement between Vietnam and Singapore

Straits Times, Singapore’s leading daily newspaper published in English, said Singapore and Vietnam signed many agreements to strengthen bilateral ties on environmental protection, banking supervision, fintech, renewable energy, liquefied natural gas (LNG) and trade rules.

According to the article, the two Prime Ministers toasted the close partnership between their countries, which celebrate 45 years of diplomatic ties this year.

Meanwhile, an article on Singapore's Channel News Asia online newspaper highlighted that the signing of six agreements between Vietnam and Singapore is an important result in the first official visit of PM Phuc to Singapore since he took office. 

“One of the agreements will see the two countries collaborate on LNG development in Vietnam, which entails the exchange of information, sharing of best practices and building of technical capacity between the private and public sectors of both countries. This will enable Singapore companies to better understand the needs of the LNG sector in Vietnam and seize more partnership opportunities”, the article said. 

Channel News Asia also mentioned the talks between the two PMs, during which both leaders said that extensive investment and trade ties form a key pillar of Singapore-Vietnam relations, and agreed that measures such as enforcing regulations as well as strengthening business-to-business links were important in creating a pro-business environment.

The newspaper quoted PM Lee as saying that the partnership between Vietnam and Singapore goes beyond economic cooperation as the two sides are working closely on sustainable development.