Vietnam-Singapore industrial park in Quang Ngai (Photo: VNA)

Singapore (VNA) – Vietnam and Singapore have potential for cooperation in high technology, digital and software technologies, and in the development of Vietnam-Singapore industrial parks in Vietnam, said Singapore’s President Halimah Yacob.

President Yacob made the statement while receiving Vietnamese Ambassador to Singapore Tao Thi Thanh Huong who presented her credentials to him on March 29.

He proposed both sides continue boosting collaboration in socio-economic development, with focus on cooperation in development of businesses, while strengthening cultural exchanges.

Ambassador Huong showed her impression at achievements that the government and people of Singapore have gained over the past years, making Singapore a leading developing country and an economic, financial, science-technology, education and health care hub of the world.

The diplomat expressed her pleasure at the growing bilateral relations in all fields as well as potential of future cooperation.

Besides strong mutual understanding and trust, the two countries have maintained exchanges of delegations at all levels and among localities, she noted.

Currently, seven Vietnam-Singapore industrial parks (VSIP) are operating in Vietnam. The two countries signed an agreement to build the eighth one in the central province of Quang Tri in 2017 during Singaporean Prime Minister Lee Hsien Loong’s visit to Vietnam.

Singapore is the third largest investor of Vietnam and the biggest one among ASEAN member countries.

Ambassador Huong stressed that 2018 is an important year for the two countries as they are celebrating the 45th anniversary of diplomatic ties and five-year strategic partnership. The Vietnamese Embassy in Singapore will work hard to organise the event, she said.

At the same time, Vietnam will work closely with Singapore in performing the latter’s role of ASEAN Chair this year, added Huong.-VNA