Speaker of Singaporean Parliament to pay official visit to Viet Nam

The visit is made at the invitation of Vietnamese National Assembly Chairman Vuong Dinh Hue, according to the NA’s Committee for External Relations.

Vietnamese President Nguyen Xuan Phuc made the first state visit to Singapore since the start of the COVID-19 pandemic in early 2020 from February 24-26.

Viet Nam and Singapore established diplomatic ties in August 1973 and they agreed to elevate their relations to the level of strategic partnership in 2013.

Singapore maintains its position as one of Viet Nam's largest trading partners, and has been the leading source of foreign direct investment into Viet Nam for two years running.

With cumulative investment of US$62.6 billion (S$84.2 billion) in over 2,600 projects in 45 out of 63 provinces in Viet Nam, Singapore is also the top ASEAN investor in Viet Nam, and third overall, after Japan and the RoK.

Viet Nam-Singapore Industrial Park (VSIP), established 25 years ago, now has 10 industrial parks in seven localities, collectively attracting US$14 billion in investments and creating over 270,000 jobs in Viet Nam./.