08:56 | 12/08/2015 Economy
Minister of Industry and Trade Vu Huy Hoang hailed active and creative Vietnamese firms for investing in Singapore in the context of globalisation and regional and international integration.
Illustrative image (Photo:VNA)
During a meeting with Singapore-based Vietnamese firms on August 9 as part of Prime Minister Nguyen Tan Dung’s visit to Singapore to attend celebrations of the country’s 50 th Independence Day, Minister Hoang praised their contributions to introducing Vietnam to international friends.
The firms’ achievements have helped consolidate the Vietnam-Singapore strategic partnership, particularly in economics and trade, he added.
The Government continually strives to offer incentives for Vietnamese firms operating at home and abroad, he affirmed, hoping that domestic investment will expand in overseas markets in the future.
Representatives from Vietnamese firms in Singapore pledged utmost efforts towards reaping greater successes.
Singapore is Vietnam’s second biggest trade partner among Southeast Asian nations and sixth globally.
Trade between Vietnam and Singapore posted nearly 15 billion USD in 2014 and reached 9 billion USD in the first six months this year, up 20 percent from the same period last year.
Singapore is also the third biggest investor in Vietnam with total investment of nearly 33 billion USD./.