Vietnamese National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan has applauded Singaporean businesses’ new initiatives to boost cooperation with Vietnam. (Photo: VNA)

Singapore (VNA)
– Vietnamese National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan has applauded Singaporean businesses’ new initiatives to boost cooperation with Vietnam in the fields of urban upgrading, infrastructure, education, resort building, airport connections and agriculture.

Ngan made the remarks at a meeting on November 27 with representatives of Singaporean enterprises which are investing in Vietnam, as part of her official visit to the country.

Singapore is always an important partner of Vietnam, she affirmed, adding that the island country is currently the 9th largest trade partner and 3rd biggest foreign investor of Vietnam.

The top legislator said domestic and FDI businesses are billed as a driving force to foster Vietnam’s economic growth, improve its national competitiveness and renovate its growth model.

As Vietnam and Singapore still hold huge potentials for cooperation, the Vietnamese NA pledges to promulgate preferential policies for foreign investors, including those from Singapore, she said.

The legislature will ask the Prime Minister to order ministries, sectors and localities to tackle petitions raised by Singaporean enterprises, thereby helping promote trade and business cooperation between the two countries, Ngan affirmed.

On behalf of the Singaporean business delegation, Wong Kan Seng, Chairman of Ascendas-Singbridge Corporation, welcomed the NA delegation and congratulated Vietnam on its successful hosting of the APEC 2017 Economic Leaders’ Week in Da Nang.

Earlier, NA Chairwoman Nguyen Thi Kim Ngan and the delegation laid flowers in tribute to President Ho Chi Minh at his statute in the Asian Civilisation Museum.-VNA