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An outline of the Vietnam-Singapore enterprise dialogue. VNA Photograph
SINGAPORE– Vietnamese and Singaporean companies signed cooperation offers value almost US$11 billion on the Vietnam-Singapore enterprise dialogue on February 25, which was attended by President Nguyễn Xuân Phúc.
Talking on the occasion, which drew greater than 100 companies in several sectors of the 2 nations, President Phúc mentioned he hoped the offers could be realised early, and urged each Vietnamese and Singaporean enterprises to take sensible actions to contribute to the expansion of bilateral relations, particularly when the 2 sides rejoice their fiftieth diplomatic ties and 10 years of strategic partnership in 2023.
Underlining the position of companies in implementing the 2 nations’ cooperation methods, President Phúc pledged that Việt Nam would at all times create optimum circumstances for enterprises of each side to develop their partnership by bettering its enterprise setting, rising transparency and coping with issues in logistics, land and human sources.
The State chief mentioned that Việt Nam was rolling out measures to hurry up financial restoration with the targets of seven per cent of financial development in 2022 and an inflation fee of below 5 per cent. From now to 2025, the nation aimed for a median GDP development of 6.5-7 per cent per 12 months, with the digital financial system accounting for 20 per cent of the GDP, he mentioned, stating that this may be a great probability for Singaporean companies to extend funding in Việt Nam.
Việt Nam would prioritise FDI initiatives that use excessive know-how, assist Vietnamese companies to interact deeper into the worth chains and contribute to selling the digital financial system in addition to sustainable development of Việt Nam, he mentioned.
Phúc suggested Vietnamese and Singaporean companies to concentrate on collaborating in prioritised areas reminiscent of excessive know-how, digital transformation and innovation, whereas fostering financial connectivity throughout the ASEAN and within the area, and making one of the best use of the Complete and Progressive Settlement for Trans-Pacific Partnership (CPTPP) and the Regional Complete Financial Partnership (RCEP).
The President mentioned that Việt Nam and Singapore inspired the connection of the 2 economies by digital platforms, which had been mirrored within the signing of cooperation offers between ministries and sectors of each side throughout his ongoing Singaporean go to.
He added that he hoped extra Vietnam-Singapore Industrial Parks (VISIP) could be constructed throughout Việt Nam.
Singapore’s Minister for Manpower Tan See Leng mentioned that Singaporean companies had been rising strongly in Hà Nội and Hồ Chí Minh Metropolis and increasing their enterprise in different localities reminiscent of Vĩnh Phúc, Quảng Ninh and Bình Dương.
He mentioned that he and Vietnamese Minister of Business and Commerce Nguyễn Hồng Diên had agreed on cooperation orientations in numerous fields, together with digital financial system, power, digital certification in meals manufacturing, and agriculture.
On the occasion, SOVICO Group and Keppel Group, and their subsidiaries of Keppel Land, Keppel City Options exchanged paperwork on their cooperation settlement value US$1.5 billion in growing sustainable power and urbanisation options. SOVICO and Keppel Power Ventures additionally exchanged paperwork for a US$1.5 billion deal on growing comprehensively sustainable power options for transition to a inexperienced financial system and discount of carbon emissions.
Apart from, SOVICO, Vietjet Air and Changi Group reached a US$1.5 billion deal on offering aviation companies in Vietnamese airports. Vietjet Air and ST Engineering of Singapore additionally inked a contract on the availability of technical companies and airplane gear value US$150 million.
The Hồ Chí Minh Metropolis Improvement Joint Inventory Industrial Financial institution (HD Financial institution) and Thought Machine exchanged a deal on the mixing of superior applied sciences into digital banking companies in Việt Nam.
In the meantime, T&T Group signed an MoU with YCH Group of Singapore on finding out a logistics mission in Cần Giuộc District of Lengthy An Province.
On the identical time, TH Group and HAO Mart, the main grocery store chain in Singapore, additionally inked an MoU on strategic cooperation in promoting and selling clear milk and farm produce of TH in Singapore. – VNA/VNS
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