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December 12, 2007

VIETNAM/INVESTMENT
Goh visits Ha Noi

Vietnam would continue to create favourable conditions to help Singaporean businesses invest in Vietnam, Prime Minister Nguyen Tan Dung told visiting Senior Minister of
Singapore Goh Chok Tong in Ha Noi yesterday.

The Prime Minister welcomed Goh and his wife and entourage to Vietnam, saying the visit reflected the good friendship and multi-faceted co-operation between Vietnam and Singapore.

Dung lauded achievements in economic co-operation that the two sides had made over the past years.

Bilateral trade turnover has been increasingly raised, from US$7.7 billion last year to $8 billion this year. Singapore has invested more than $9.7 billion in Vietnam with about 500 projects.

Dung said that Singapore projects invested in Vietnam were highly efficient, contributing to the country’s economic development.

At the meeting, the two leaders applauded the implementation of an agreement aimed at linking economies between Vietnam and Singapore. They said this would be an effective co-operation structure and agreed to expand other co-operation areas based on the above framework, especially regarding seaports and transit.

Goh said that Singapore would be willing to share its experiences in socio-economic development with Vietnam.

He said Vietnam had many opportunities and potentials to develop further. He said he hoped that Vietnam would continue to achieve more successes in national building and development.

Courtesy VNS

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