Prime Minister Pham Minh Chinh (L) and his Singaporean counterpart Lee Hsien Loong. (Photo: VNA) Minh assessed that the visit has produced substantiveoutcomes, including creating an impetus for development in digital economyand green economy - which will be the two spearhead industries of theVietnamese economy in the coming time.
With the memoranda of understanding on cooperation signedbetween the two countries, it will be easier for corporations and companies in Vietnam to access investment and financial resources of Singaporean investment fundsand those based in the country, he said, adding that the cooperation also helpsVietnam to access Singapore's latest technologies.
According to him, the Vietnamese Government’s approval of investment in the Vietnam-SingaporeIndustrial Park Nghe An II will give a boost for the development of industrialparks in Vietnam in the context of difficulties caused by declines in globalproduction demand in some industries.
Vietnam's favourable geographical position and improving transportinfrastructure have attracted corporations to increase investment and openproduction factories in Vietnam. Therefore, the preparation of infrastructurein industrial zones is very important at this time, he stressed.
That Vietnam and Singapore have reached an importantagreement on digital economy and green economy will pave the way for furthercooperation in trade, investment, science and technology, and Vietnam can worktowards cooperation in areas where Singapore is leading the world or theregion, thus bringing great economic benefits to both sides.
Minh emphasised that the two countries can first cooperate in environmental solutions and clean energy because Singapore is aglobal pioneer in this field.
Digital transformation, including e-government, smartcountry-smart city and smart manufacturing, is also worth receiving moreattention for further cooperation, he said.
To speed up economic growth, Vietnam should focus ondeveloping mechanical engineering, electronics, telecommunications and computer science, andsemiconductor ecosystem in cooperation with Singapore, the expert added./.
VNA
