National Assembly Chairman Tran Thanh Man meets with Singaporean Prime Minister Lawrence Wong. Photo: VOV

They expressed their satisfaction with the robust economic collaboration, especially Singapore’s position as the second largest foreign investor in Vietnam, with over 3,800 projects worth over 81 billion USD. A network of 18 Vietnam-Singapore Industrial Parks (VSIPs) across 13 Vietnamese cities and provinces has become a hallmark of their successful economic cooperation.

Building on this solid foundation, the two leaders reaffirmed their determination to further advance this crucial pillar of cooperation via increasing the sharing of information and experiences in tackling emerging socio-economic challenges, promoting investment by leveraging the strength of each country, particularly in the development of a sustainable and smart VSIP 2.0 system. Areas with potential for breakthrough growth, including green logistics, data centres, semiconductor, clean energy, carbon credit, food security and green finance, were also highlighted.

Host and guest agreed on the need to expand defence-security cooperation in a more practical and effective manner. They also explored ways to foster joint work in other key areas such as education-training, culture, and people-to-people exchanges, thus contributing to raising mutual understanding between people of the two countries.

Chairman Man suggested that the Singaporean Government continue supporting Vietnamese businesses, investors and around 25,000 Vietnamese people living, working and studying in Singapore, contributing to its socio-economic development.

On global and regional issues of shared concern, both sides pledged to offer mutual support at multilateral forums and organizations, maintain ASEAN’s solidarity and central role in strategic issues impacting the security and development of the ASEAN Community and the broader region, including the East Sea issue.