Politics

Singapore’s 58th National Day celebrated in HCM City

Ample room remains for Ho Chi Minh City-Singapore cooperation and their partnership depends on the ability to exploit the similaries and complementary strengths, said Chairman of Ho Chi Minh City’s People’s Committee Phan Van Mai on August 16.
Singapore’s 58th National Day celebrated in HCM City ảnh 1Chairman of Ho Chi Minh City’s People’s Committee Phan Van Mai speaks at a ceremony to celebrate Singapore’s 58th National Day (Photo: VNA)

HCM City (VNA) – Ample room remains for Ho ChiMinh City-Singapore cooperation and their partnership depends on the ability toexploit the similaries and complementary strengths, said Chairman of Ho ChiMinh City’s People’s Committee Phan Van Mai on August 16.

He made the remark at a ceremony to celebrate Singapore’s 58th National Day (August 9) hosted by the Singaporean Consulate General in HCM City.

The relationship between HCM City and Singapore isdeveloping strongly in the fields of trade, investment, education - trainingand people-to-people exchange, he said, noting that economic cooperationbetween the two sides is a bright spot.

According to Mai, Singapore ranks first among 120countries and territories investing directly in the city and is the city'ssecond largest trading partner for many years in a row. Singapore's investmentprojects in the city over the past time have actively contributed to southernmetropolitan’s economic growth.

HCM City expectsthat Singaporean investors will continue to promote investment in potentialfields such as production infrastructure, transport infrastructure, logistics,health and urban development as well as green and circular economy, Mai said, adding that the cooperation and connection betweenVietnam in general and HCM City in particular with Singapore will certainly bedeeper and more sustainable in the future.

Singapore’s 58th National Day celebrated in HCM City ảnh 2Singaporean Consul General in HCM City Roy Kho Ngee Seng said  Singapore and HCM City have a lot of potential for cooperation in the future (Photo: VNA)

Singaporean Consul General in HCM City Roy Kho Ngee Seng,for his part, said Singapore is the largest FDI investor in Vietnam for three consecutive years, reaching 6.46 billion USD in 2022, accounting for about23.3% of total FDI into Vietnam.

In the future, Singapore and HCM City still have a lot ofpotential for cooperation, explore more investment business opportunities anduse the power of innovative technology to move towards sustainable growth, thediplomat said./.

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