Illustrative Image (Source: internet)

HCM City (VNA) - The Vietnam Union of Friendship Associations and the Vietnam-Singapore Friendship Association’s Ho Chi Minh City chapter jointly held a ceremony in the city on August 3 to mark the 51st anniversary of Singapore’s National Day.

Addressing the event, Vice Chairman of the chapter Dinh Khac Duy highlighted the strong development in the two nations’ relations, especially in investment, trade, education and tourism.


He also underlined the huge potential for bilateral cooperation, saying that Vietnam and HCM City in particular continually welcome and provide all possible conditions for investors from Singapore.

The chapter wishes to work closer with the Singaporean Consulate General, the Singaporean Business Association and Community in Ho Chi Minh City in order to enhance bilateral collaboration, he said.

Meanwhile, Singapore’s Consul General to Ho Chi Minh City Leow Siu Lin reviewed the friendship and cooperation between Singapore and Vietnam over recent years, noting that bilateral ties have strongly developed in all fields.

In September 2013, the relationship was upgraded to a strategic partnership, marking a new development in bilateral ties, she said.

She also expressed belief that the bilateral cooperation between the two nations as well as the ties between Singapore and Ho Chi Minh City will prosper in the future.

As of April 2016, Singapore ranked third among foreign investors in Vietnam, with a total investment exceeding 36 billion USD in 1,600 valid projects.

The Vietnam – Singapore Industrial Park (VSIP) is among the most effective projects in the country.-VNA