Minister of Finance Ho Duc Phoc works with Singapore’s second Minister of Finance Chee Hong Tat on August 5, 2024. (photo: VNA)

At a meeting on Monday, Chee Hong Tat, Singapore’s second Minister of Finance, urged the two countries to promote cooperation in energy, services, and financial services.

Mr. Chee said that Vietnam's investment in infrastructure and transportation connection and favorable conditions for import and export will create good opportunities to attract foreign investment capital, with a number of global supply chains being restored.

The two sides agreed to share experience in tax and customs management, security solutions, cooperation in training and capacity building for securities management agencies and stock exchanges, including cross-listing, parallel listing, and carbon credit exchanges.

The two Ministers witnessed the signing of a Memorandum of Understanding (MOU) between the Vietnam Stock Exchange (VNX) and Singapore Exchange (SGX).

At a working session with Chia Der Jiun, Executive Director of the Monetary Authority of Singapore (MAS), the two sides emphasized the potential for cooperation in developing the capital market based on the strengths of each country.

They agreed to promote cooperation between the securities agencies of Vietnam and Singapore, discussed the possibility of listing stocks and bonds on each other's stock market, coordinating to issue green bonds,  building a carbon credit market, and cooperating on financial technology and digital finance.