MFA Press Statement: Official Visit by Deputy Prime Minister and Coordinating Minister for National Security Teo Chee Hean to the Socialist Republic of Vietnam

Deputy Prime Minister (DPM) and Coordinating Minister for National Security Teo Chee Hean visited Ho Chi Minh City (HCMC) and Binh Duong province from 13 to 14 September as part of his Official Visit to Vietnam. He was accompanied by Government Parliamentary Committee of Finance and Trade and Industry Chairman Mr Liang Eng Hwa and Deputy Chairman Mr Cedric Foo, as well as officials from the Ministry of Foreign Affairs.

In HCMC, DPM met Chairman of the People's Committee of HCMC Nguyen Thanh Phong. They welcomed the strong business ties between Singapore and HCMC, and discussed ways to strengthen economic cooperation and promote investment flows, particularly in high-technology and innovation parks. Singapore is the largest investor in HCMC. Chairman Phong welcomed and reaffirmed HCMC's support for more Singapore investments in HCMC. DPM also attended a reception hosted by the Singapore Consulate-General in HCMC for the Singaporean community in Vietnam.

In Binh Duong province, DPM met Secretary of the Party Committee of Binh Duong Tran Van Nam and Chairman of the People's Committee of Binh Duong Tran Thanh Liem, and was the Guest-of-Honour for the 20th anniversary celebrations of the Vietnam-Singapore Industrial Park (VSIP) together with Vietnam Permanent Deputy Prime Minister Truong Hoa Binh. Initiated by the governments of Singapore and Vietnam and established in 1996, there are now five operating VSIPs and two under development. The VSIPs have attracted over US$9 billion in investments, with around 600 companies providing jobs for more than 170,000 workers. The full text of DPM's speech at the VSIP 20th anniversary celebrations is appended.

Source: Ministry of Foreign Affairs of Singapore