Singaporean President hosts welcome ceremony for Vietnamese counterpart
VGP - Singaporean President Halimah Yacob hosts welcome ceremony for Vietnamese President Nguyen Xuan Phuc at The Istana on Friday morning
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 1. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 1.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s1-1645765748792618113477.jpg)
President Nguyen Xuan Phuc inspects the Guard of Honor at The Istana, Singapore, February 25, 2022
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 2. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 2.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s2-16457657487961863139561.jpg)
This is the first first foreign visit of President Nguyen in 2022 and the first by a Vietnamese head of state to Singapore since the outbreak of the COVID-19 pandemic.
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 3. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 3.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s3-1645765748800731509185.jpg)
Viet Nam and Singapore established diplomatic relations on August 1, 1973 and elevated the bilateral ties to strategic partnership in 2013.
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 4. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 4.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s4-16457657488051478736747.jpg)
Despite the COVID-19 pandemic, the two countries have maintained exchanges and contacts.
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 5. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 5.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s5-1645765748811137844657.jpg)
The two-way trade soared by 23.3 percent to US$8.3 billion last year and reached US$783.9 million in January this year.
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 6. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 6.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s6-1645765748817725562495.jpg)
As of February 2022, Singapore invested in 2,860 valid projects in Viet Nam with the total registered capital worth US$66 billion making it the second largest foreign investor in Viet Nam.
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 7. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 7.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s7-1645765748822697551917.jpg)
Remarkably, Singapore was the largest investor in Viet Nam last year with the total investment capital valued at US$10.7 billion, making up 34.4 percent of the total capital investment inflows into Viet Nam.
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 8. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 8.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s8-1645765748851114731291.jpg)
Currently, Vietnamese and Singaporean airlines have resumed regular commercial flights with a frequency of operations of 14 round trips per week.
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 10. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 10.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s10-16457657490911990539567.jpg)
During his visit, President Nguyen also meets with Singaporean Prime Minister Lee Hsien Loong.
![Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 11. Singaporean President hosts welcome ceremony for Vietnamese counterpart - Ảnh 11.](https://bcp.cdnchinhphu.vn/344443456812359680/2022/2/25/s11-1645765749300625214511.jpg)