Dr. Le Hong Hiep, an skilled of Singapore’s ISEAS–Yusof Ishak Institute, advised the Vietnam Information Company (VNA)’s correspondents that Singapore is the third nation that Vietnamese leaders have visited bilaterally, following the thirteenth Nationwide Celebration Congress in January 2021, after Cambodia and Laos.
The journey demonstrates the significance Vietnam has connected to its relations with Singapore and vice versa because the city-state has acquired only a few overseas leaders in latest instances, he stated, including that President Phuc can also be the primary overseas head of state to go to Singapore bilaterally this 12 months.
The go to is predicted to deepen the Vietnam-Singapore strategic partnership, whereas making a basis to foster their cooperation in such areas as tourism, financial restoration submit COVID-19, digital financial system, cyber safety and nationwide defence-security, Hiep stated.
In accordance with the skilled, over the previous greater than eight years for the reason that two nations established their strategic partnership, the bilateral ties have developed intensively and extensively, particularly in financial system.
Final 12 months, Singapore took the lead amongst 106 nations and territories investing in Vietnam, with mixed funding amounting to over 10.7 billion USD, accounting for 34.4 % of the overall overseas capital poured into Vietnam. Singapore can also be among the many high three overseas buyers when it comes to capital registered in Vietnam up to now.
Its tasks have performed an necessary function in infrastructure improvement in Vietnam, significantly in vitality and infrastructure at industrial parks, Hiep stated, taking Vietnam-Singapore Industrial Park (VSIP) for example.
The skilled held that Vietnam and Singapore shared widespread factors in safety pursuits and strategic perceptions, in addition to similarities of their views on many regional and worldwide safety points, which have created an necessary basis for his or her collaboration in strategic areas and nationwide defence-security within the time forward.
Singapore is more likely to proceed prioritising such cooperation spheres and switch Vietnam right into a key vacation spot of Singaporean and worldwide buyers, he forecast, noting that there’s nonetheless ample house for the strategic relations and collaboration in nationwide defence-security to develop additional.
The skilled expressed his perception that the bilateral cooperation in tourism and schooling can even additional develop after the pandemic.
Hiep additionally famous his hope for the signing of an settlement or the issuance of an announcement in the course of the President’s go to to facilitate the travelling of the 2 nations’ residents, serving to to spice up their financial restoration submit COVID-19, particularly in funding, tourism and schooling.
Their partnerships in digital financial system, cyber safety and nationwide defence-security would even be strengthened if there are extra agreements to be reached in these fields, he stated.